PlainLender

NFM, INC

LINTHICUM, MD

NFM, INC processed 22,075 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 17,246 loans with a 1.9% denial rate. Home Purchase was the primary loan purpose. Based in LINTHICUM, MD. The approval rate of 78.1% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. NFM, INC processed 22,075 HMDA-reported mortgage applications in 2024, originating 17,246 loans and denying 415 for a denial rate of 1.9% (applicants themselves withdrew 3,872 files before a decision). The average loan amount was $378,680 at a 6.678% average note rate, and applicants self-reported an average income of $40,000. The lender reports under LEI 549300MCIFZSDHUT8X63 from LINTHICUM, MD.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. NFM, INC's 78.1% origination rate tells you how often an application turned into funded money; the 1.9% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Collateral, Unverifiable information, which together explain the majority of rejections. Most activity concentrated in Conventional loans (14,248 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.

22,075
Applications
17,246
Originated
1.9%
Denial Rate
$378,680
Avg Loan Amount
Avg Interest Rate: 6.678% Avg Applicant Income: $40,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 14,248 11,188 189 $377,047
FHA 5,576 4,281 198 $355,343
VA 2,184 1,735 23 $452,546
USDA 67 42 5 $260,373

Top loan types — NFM, INC

Top loan types — NFM, INC Horizontal bar chart of the top 4 items by value (applications). Top loan types — NFM, INC Top 4 1. Conventional 14,248 2. FHA 5,576 3. VA 2,184 4. USDA 67 Top 5 loan types by application volume at NFM, INC (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for NFM, INC (LEI: 549300MCIFZSDHUT8X63) · 2023 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
191
Collateral
78
Unverifiable information
77
Credit history
61
Employment history
58
Other
52
Insufficient cash
45
Credit application incomplete
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 19,940 15,825 $381,267
Refinancing 1,120 742 $388,946
Cash-out Refinancing 1,015 679 $316,517

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 13,523 80.6% 1.4%
Black or African American 2,220 71.4% 4.0%
Asian 1,270 74.8% 1.4%
Joint 721 80.0% 2.1%
Native Hawaiian or Other Pacific Islander 135 80.7% 3.7%
American Indian or Alaska Native 124 84.7% 0.8%
2 or more minority races 87 62.1% 4.6%

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 15,168 79.0% 1.6%
Hispanic or Latino 3,251 79.0% 3.1%
Joint 805 83.5% 1.0%

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

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

Dominion Financial Services, LLC

Baltimore, MD

3,873 apps 2,428 originated 0.0% denied
Compare NFM, INC vs LOWER, LLC →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

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Frequently Asked Questions

How many mortgage applications did NFM, INC process?
NFM, INC processed 22,075 mortgage applications in the 2023 HMDA reporting year. Of these, 17,246 were originated (approved and funded), 3,872 were withdrawn by the applicant, and 415 were denied.
What is NFM, INC's mortgage approval rate?
NFM, INC has an approval (origination) rate of 78.1%, meaning 78.1% of all applications resulted in a funded mortgage. The denial rate is 1.9%.
What is the average loan amount at NFM, INC?
The average mortgage loan amount at NFM, INC is $378,680. The average interest rate is 6.678%. The average applicant income is $40,000.
What are the most common reasons for mortgage denial at NFM, INC?
The most common reasons for mortgage denial at NFM, INC are: Debt-to-income ratio, Collateral, Unverifiable information. In total, 415 applications were denied out of 22,075 total applications.
What types of mortgage loans does NFM, INC offer?
NFM, INC processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 14,248 applications and an average loan amount of $377,047.
What loan purposes does NFM, INC serve?
NFM, INC serves the following loan purposes: Home Purchase (19,940 applications), Refinancing (1,120 applications), Cash-out Refinancing (1,015 applications). Home Purchase is the most common purpose.
Where is NFM, INC located?
NFM, INC is headquartered in LINTHICUM, MD. The lender is identified by LEI 549300MCIFZSDHUT8X63 in HMDA data.
How does NFM, INC compare in lending across racial demographics?
NFM, INC reports demographic lending data under HMDA requirements. White applicants have an approval rate of 80.6% and denial rate of 1.4%; Black or African American applicants have an approval rate of 71.4% and denial rate of 4.0%; Asian applicants have an approval rate of 74.8% and denial rate of 1.4%. 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.