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State Employees Credit Union of Maryland

Linthicum, MD

State Employees Credit Union of Maryland processed 5,814 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 2,602 loans with a 42.7% denial rate. Other was the primary loan purpose. Based in Linthicum, MD. The approval rate of 44.8% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. State Employees Credit Union of Maryland's 44.8% origination rate tells you how often an application turned into funded money; the 42.7% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (5,687 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.

5,814
Applications
2,602
Originated
42.7%
Denial Rate
$176,608
Avg Loan Amount
Avg Interest Rate: 7.255% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 5,687 2,536 2,457 $174,297
FHA 121 61 27 $277,727
VA 5 4 0 $345,000
USDA 1 1 0 $245,000

Top loan types - State Employees Credit Union of Maryland

Top loan types - State Employees Credit Union of Maryland Horizontal bar chart of the top 4 items by value (applications). Top loan types - State Employees Credit Union of Maryland Top 4 1. Conventional 5,687 2. FHA 121 3. VA 5 4. USDA 1 Top 5 loan types by application volume at State Employees Credit Union of Maryland (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for State Employees Credit Union of Maryland (LEI: 549300AY1W8F91VLTB05) · 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

Credit history
1,533
Debt-to-income ratio
1,038
Collateral
507
Credit application incomplete
305
Other
120
Unverifiable information
53
Employment history
9
Insufficient cash
6

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 3,057 1,243 $95,065
Cash-out Refinancing 909 536 $196,309
Home Purchase 802 586 $497,369
Home Improvement 603 98 $91,501
Refinancing 443 139 $234,029

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 2,537 47.6% 42.9%
Black or African American 1,808 33.1% 55.7%
Asian 397 48.6% 34.8%
Joint 103 53.4% 36.9%
2 or more minority races * 38 44.7% 42.1%
American Indian or Alaska Native * 24 54.2% 33.3%
Native Hawaiian or Other Pacific Islander * 6 16.7% 66.7%

* 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 4,582 43.3% 45.9%
Hispanic or Latino 258 27.9% 61.6%
Joint 76 51.3% 40.8%

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

Dominion Financial Services, LLC

Baltimore, MD

3,873 apps 2,428 originated 0.0% denied
Compare State Employees Credit Union of Maryland vs Lower, LLC →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did State Employees Credit Union of Maryland process?
State Employees Credit Union of Maryland processed 5,814 mortgage applications in the 2024 HMDA reporting year. Of these, 2,602 were originated (approved and funded), 645 were withdrawn by the applicant, and 2,484 were denied.
What is State Employees Credit Union of Maryland's mortgage approval rate?
State Employees Credit Union of Maryland has an approval (origination) rate of 44.8%, meaning 44.8% of all applications resulted in a funded mortgage. The denial rate is 42.7%.
What is the average loan amount at State Employees Credit Union of Maryland?
The average mortgage loan amount at State Employees Credit Union of Maryland is $176,608. The average interest rate is 7.255%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at State Employees Credit Union of Maryland?
The most common reasons for mortgage denial at State Employees Credit Union of Maryland are: Credit history, Debt-to-income ratio, Collateral. In total, 2,484 applications were denied out of 5,814 total applications.
What types of mortgage loans does State Employees Credit Union of Maryland offer?
State Employees Credit Union of Maryland processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 5,687 applications and an average loan amount of $174,297.
What loan purposes does State Employees Credit Union of Maryland serve?
State Employees Credit Union of Maryland serves the following loan purposes: Other (3,057 applications), Cash-out Refinancing (909 applications), Home Purchase (802 applications), Home Improvement (603 applications), Refinancing (443 applications). Other is the most common purpose.
Where is State Employees Credit Union of Maryland located?
State Employees Credit Union of Maryland is headquartered in Linthicum, MD. The lender is identified by LEI 549300AY1W8F91VLTB05 in HMDA data.
How does State Employees Credit Union of Maryland compare in lending across racial demographics?
State Employees Credit Union of Maryland reports demographic lending data under HMDA requirements. White applicants have an approval rate of 47.6% and denial rate of 42.9%; Black or African American applicants have an approval rate of 33.1% and denial rate of 55.7%; Asian applicants have an approval rate of 48.6% and denial rate of 34.8%. 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.