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First Shore Federal Savings and Loan Association

Salisbury, MD

First Shore Federal Savings and Loan Association processed 352 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 212 loans with a 11.4% denial rate. Home Purchase was the primary loan purpose. Based in Salisbury, MD. The approval rate of 60.2% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. First Shore Federal Savings and Loan Association's 60.2% origination rate tells you how often an application turned into funded money; the 11.4% 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, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (352 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.

352
Applications
212
Originated
11.4%
Denial Rate
$136,818
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 352 212 40 $136,818

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for First Shore Federal Savings and Loan Association (LEI: 549300HJP2WLL8KDCA15) · 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 Approval rates exclude withdrawn / incomplete applications.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
29
Credit history
16
Collateral
2
Other
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 250 147 $151,600
Home Improvement 39 22 $82,949
Refinancing 35 21 $139,000
Other 28 22 $77,143

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 285 61.0% 11.2%
Black or African American * 16 50.0% 6.3%
Joint * 10 50.0% 20.0%
Asian * 4 75.0% 0.0%
American Indian or Alaska Native * 1 0.0% 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 260 61.1% 10.4%
Hispanic or Latino * 9 22.2% 44.4%
Joint * 6 83.3% 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 First Shore Federal Savings and Loan Association vs Lower, LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did First Shore Federal Savings and Loan Association process?
First Shore Federal Savings and Loan Association processed 352 mortgage applications in the 2024 HMDA reporting year. Of these, 212 were originated (approved and funded), 71 were withdrawn by the applicant, and 40 were denied.
What is First Shore Federal Savings and Loan Association's mortgage approval rate?
First Shore Federal Savings and Loan Association has an approval (origination) rate of 60.2%, meaning 60.2% of all applications resulted in a funded mortgage. The denial rate is 11.4%.
What is the average loan amount at First Shore Federal Savings and Loan Association?
The average mortgage loan amount at First Shore Federal Savings and Loan Association is $136,818.
What are the most common reasons for mortgage denial at First Shore Federal Savings and Loan Association?
The most common reasons for mortgage denial at First Shore Federal Savings and Loan Association are: Debt-to-income ratio, Credit history, Collateral. In total, 40 applications were denied out of 352 total applications.
What types of mortgage loans does First Shore Federal Savings and Loan Association offer?
First Shore Federal Savings and Loan Association processes Conventional loans. The most common type is Conventional with 352 applications and an average loan amount of $136,818.
What loan purposes does First Shore Federal Savings and Loan Association serve?
First Shore Federal Savings and Loan Association serves the following loan purposes: Home Purchase (250 applications), Home Improvement (39 applications), Refinancing (35 applications), Other (28 applications). Home Purchase is the most common purpose.
Where is First Shore Federal Savings and Loan Association located?
First Shore Federal Savings and Loan Association is headquartered in Salisbury, MD. The lender is identified by LEI 549300HJP2WLL8KDCA15 in HMDA data.
How does First Shore Federal Savings and Loan Association compare in lending across racial demographics?
First Shore Federal Savings and Loan Association reports demographic lending data under HMDA requirements. White applicants have an approval rate of 61.0% and denial rate of 11.2%; Black or African American applicants have an approval rate of 50.0% and denial rate of 6.3%; Joint applicants have an approval rate of 50.0% and denial rate of 20.0%. 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.