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Baltimore County Employees CU

Towson, MD

Baltimore County Employees CU processed 112 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 87 loans with a 10.7% denial rate. Home Improvement was the primary loan purpose. Based in Towson, MD. The approval rate of 77.7% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Baltimore County Employees CU's 77.7% origination rate tells you how often an application turned into funded money; the 10.7% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (112 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

112
Applications
87
Originated
10.7%
Denial Rate
$80,000
Avg Loan Amount
Avg Interest Rate: 5.511% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 112 87 12 $80,000

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Baltimore County Employees CU (LEI: 549300XO2MXF3RX56J09) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
7
Credit history
5
Other
4
Collateral
4
Insufficient cash
1
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 84 65 $70,714
Refinancing 13 9 $96,538
Cash-out Refinancing 12 11 $124,167
Other 3 2 $91,667

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 95 79.0% 10.5%
Black or African American * 12 83.3% 16.7%
Asian * 1 100.0% 0.0%
Joint * 1 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 105 81.0% 9.5%
Hispanic or Latino * 3 33.3% 66.7%
Joint * 1 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in MD

Other HMDA-reporting lenders in MD with similar activity. Compare any two side-by-side.

Lower, LLC

COLUMBIA, MD

27,730 apps 17,412 originated 9.4% denied

Nfm, INC

LINTHICUM, MD

22,075 apps 17,246 originated 1.9% denied

First Home Mortgage

Baltimore, MD

7,187 apps 5,538 originated 2.8% denied

Tower Federal Credit Union

LAUREL, MD

6,022 apps 3,449 originated 31.0% denied

State Employees Credit Union of Maryland

Linthicum, MD

5,814 apps 2,602 originated 42.7% denied
Compare Baltimore County Employees CU vs Lower, LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Baltimore County Employees CU process?
Baltimore County Employees CU processed 112 mortgage applications in the 2024 HMDA reporting year. Of these, 87 were originated (approved and funded), 13 were withdrawn by the applicant, and 12 were denied.
What is Baltimore County Employees CU's mortgage approval rate?
Baltimore County Employees CU has an approval (origination) rate of 77.7%, meaning 77.7% of all applications resulted in a funded mortgage. The denial rate is 10.7%.
What is the average loan amount at Baltimore County Employees CU?
The average mortgage loan amount at Baltimore County Employees CU is $80,000. The average interest rate is 5.511%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at Baltimore County Employees CU?
The most common reasons for mortgage denial at Baltimore County Employees CU are: Debt-to-income ratio, Credit history, Other. In total, 12 applications were denied out of 112 total applications.
What types of mortgage loans does Baltimore County Employees CU offer?
Baltimore County Employees CU processes Conventional loans. The most common type is Conventional with 112 applications and an average loan amount of $80,000.
What loan purposes does Baltimore County Employees CU serve?
Baltimore County Employees CU serves the following loan purposes: Home Improvement (84 applications), Refinancing (13 applications), Cash-out Refinancing (12 applications), Other (3 applications). Home Improvement is the most common purpose.
Where is Baltimore County Employees CU located?
Baltimore County Employees CU is headquartered in Towson, MD. The lender is identified by LEI 549300XO2MXF3RX56J09 in HMDA data.
How does Baltimore County Employees CU compare in lending across racial demographics?
Baltimore County Employees CU reports demographic lending data under HMDA requirements. White applicants have an approval rate of 79.0% and denial rate of 10.5%; Black or African American applicants have an approval rate of 83.3% and denial rate of 16.7%; Asian applicants have an approval rate of 100.0% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is 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.