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2024 data HMDA 2024 disclosure official source

Baltimore City

21,057 mortgage applications, 19.0% denial rate. Verify FIPS 24510 with U.S. Census Bureau →

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Maryland · FIPS 24510

Local mortgage market. Baltimore City, Maryland saw 21,057 HMDA-reported mortgage applications in 2024. Lenders originated 9,381 of those loans and denied 4,009, producing a denial rate of 19.0% and an approval (origination) rate of 44.6%. The average loan amount was $245,857 at an average note rate of 7.20%, with applicants self-reporting average annual income of $38K. 387 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 6.5x, meaning typical borrowers took on mortgages of about 6.5 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 24510 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

21,057
Applications
9,381
Originated
19.0%
Denial Rate
44.6%
Approval Rate
$245,857
Avg Loan Amount
7.20%
Avg Interest Rate
$38K
Avg Applicant Income
6.5x
Loan-to-Income Ratio

Nearby Lenders in Baltimore City

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 Rocket Mortgage 487 5.2%
2 First Home Mortgage 399 4.3%
3 United Wholesale Mortgage 378 4.0%
4 Primary Residential Mortgage, INC. 309 3.3%
5 Nfm, INC 284 3.0%
Compare Rocket Mortgage vs First Home Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Baltimore City?
In the 2024 HMDA reporting year, 21,057 mortgage applications were filed in Baltimore City, Maryland. Of these, 9,381 were originated (approved and funded), while 4,009 were denied, resulting in a denial rate of 19.0%.
What is the mortgage denial rate in Baltimore City?
The mortgage denial rate in Baltimore City is 19.0%. The approval (origination) rate is 44.6%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Baltimore City?
The average mortgage loan amount in Baltimore City is $245,857. The average interest rate is 7.202%. The average applicant income is $38K.
What is the loan-to-income ratio in Baltimore City?
The average loan-to-income ratio in Baltimore City is 6.5x, meaning borrowers took on loans averaging 6.5 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Baltimore City?
The top mortgage lenders in Baltimore City by origination volume are Rocket Mortgage, First Home Mortgage, United Wholesale Mortgage. In total, 387 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.