Best mortgage lenders in Maryland
No lender is best for everyone, so this page ranks Maryland lenders on what federal records can measure: who makes the most loans here, who leads for FHA and VA, and what their Maryland borrowers paid. All figures are 2025 HMDA data; no lender pays to be listed.
Who leads for what in Maryland
"Most loans" and "Largest average loan" are among the 15 lenders with the most Maryland originations in 2025 (the latter counts lenders with at least 300 loans in the state); FHA and VA leaders count every lender's home-purchase loans.
The 15 lenders that made the most home loans in Maryland
| # | Lender | Type | Loans | FHA | VA | Avg loan | Approval* |
|---|---|---|---|---|---|---|---|
| 1 | Rocket Mortgage | Nonbank lender | 9,294 | 14.1% | 9.6% | $293,677 | 81.2% |
| 2 | United Wholesale Mortgage | Nonbank lender | 6,306 | 23.9% | 25.0% | $402,335 | 80.9% |
| 3 | Navy Federal Credit Union | Credit union | 5,163 | 0.0% | 12.4% | $219,962 | 66.2% |
| 4 | First Home Mortgage Corporation | — | 3,559 | 20.2% | 12.7% | $398,771 | 97.4% |
| 5 | Truist | Bank | 3,245 | 1.7% | 0.8% | $325,691 | 58.7% |
| 6 | M&T Bank | Bank | 3,115 | 5.3% | 1.0% | $249,180 | 63.9% |
| 7 | PNC Bank | Bank | 2,948 | 1.0% | 0.3% | $168,012 | 65.3% |
| 8 | PennyMac | Nonbank lender | 2,636 | 25.7% | 15.9% | $314,381 | 79.7% |
| 9 | State Employees Credit Union Of Maryland, Incorporated | — | 2,466 | 2.3% | 0.2% | $196,931 | 49.6% |
| 10 | Bank of America | Bank | 2,255 | 0.1% | 0.0% | $314,414 | 51.0% |
| 11 | NFM, Inc. | — | 2,255 | 22.1% | 11.9% | $391,377 | 98.3% |
| 12 | Freedom Mortgage | Nonbank lender | 2,128 | 41.1% | 47.8% | $426,306 | 85.3% |
| 13 | NVR Mortgage | Nonbank lender | 1,912 | 29.7% | 18.2% | $493,326 | 78.0% |
| 14 | CrossCountry Mortgage | Nonbank lender | 1,763 | 22.0% | 13.6% | $414,058 | 93.8% |
| 15 | Newrez | Nonbank lender | 1,711 | 14.3% | 20.2% | $353,211 | 58.7% |
Source: 2025 HMDA originations, FFIEC/CFPB. FHA/VA = share of each lender's Maryland loans. *Approval = originated ÷ (originated + denied); it mirrors a lender's channel and borrower mix, not how hard it is to qualify.
Also among the 25 lenders with the most HMDA filings here: U.S. Bank, Chase, Mr. Cooper, Spring Eq, LLC, Veterans United, First National Bank of Pennsylvania, Tower Federal Credit Union, Figure Lending LLC, Aberdeen Proving Ground Federal Credit Union, Coastal Community Bank.
FHA lenders in Maryland
11,996 FHA home-purchase loans were made in Maryland in 2025 by 252 lenders. The typical FHA buyer here paid $13,048 in loan costs, including the 1.75% upfront mortgage insurance premium, at a median rate of 6.375%. The ten lenders that made the most:
| # | Lender | FHA purchases | Share | Loan costs | APR vs benchmark |
|---|---|---|---|---|---|
| 1 | United Wholesale Mortgage | 746 | 6.2% | $14,272 | +0.46 |
| 2 | First Home Mortgage Corporation | 672 | 5.6% | $14,659 | +0.79 |
| 3 | NVR Mortgage | 568 | 4.7% | $14,717 | +0.32 |
| 4 | NFM, Inc. | 455 | 3.8% | $12,500 | +0.81 |
| 5 | Rocket Mortgage | 449 | 3.7% | $12,654 | +0.39 |
| 6 | Towne Bank | 340 | 2.8% | $12,503 | +0.26 |
| 7 | First Heritage Mortgage, LLC | 305 | 2.5% | $14,080 | +0.47 |
| 8 | Direct Mortgage Loans, LLC | 302 | 2.5% | $12,555 | +0.75 |
| 9 | CrossCountry Mortgage | 295 | 2.5% | $13,310 | +0.73 |
| 10 | DHI Mortgage | 291 | 2.4% | $10,932 | −0.53 |
| All Maryland FHA buyers | 11,996 | 100% | $13,048 | +0.57 |
Among them, DHI Mortgage had the lowest median loan costs ($10,932) and NVR Mortgage the highest ($14,717) — $3,785 apart on similar loans, which is why a second Loan Estimate is worth getting. Homebuilder-owned lenders can show far-below-market APRs because builders pay to buy down the rate on their own new homes.
Source: 2025 HMDA loan-level records (FFIEC/CFPB), first-lien FHA home purchases in Maryland. Costs and APR vs benchmark are medians of each lender's 30-year fixed loans here; "—" = fewer than 30. How we compare lenders.
VA lenders in Maryland
7,376 VA home-purchase loans were made in Maryland in 2025 by 228 lenders. The typical VA buyer here paid $9,238 in loan costs (including the VA funding fee for borrowers who owe it) at a median rate of 6.125%. The ten lenders that made the most:
| # | Lender | VA purchases | Share | Loan costs | APR vs benchmark |
|---|---|---|---|---|---|
| 1 | Veterans United | 1,043 | 14.1% | $7,205 | −0.35 |
| 2 | Navy Federal Credit Union | 502 | 6.8% | $6,696 | −0.59 |
| 3 | First Home Mortgage Corporation | 385 | 5.2% | $10,534 | −0.19 |
| 4 | NVR Mortgage | 348 | 4.7% | $5,530 | −0.56 |
| 5 | United Wholesale Mortgage | 263 | 3.6% | $7,292 | −0.41 |
| 6 | Rocket Mortgage | 241 | 3.3% | $10,560 | −0.42 |
| 7 | NFM, Inc. | 216 | 2.9% | $12,048 | −0.15 |
| 8 | DHI Mortgage | 177 | 2.4% | $6,143 | −1.10 |
| 9 | CrossCountry Mortgage | 161 | 2.2% | $10,693 | −0.17 |
| 10 | CMG Home Loans | 146 | 2.0% | $11,836 | −0.57 |
| All Maryland VA buyers | 7,376 | 100% | $9,238 | −0.37 |
Among them, NVR Mortgage had the lowest median loan costs ($5,530) and NFM, Inc. the highest ($12,048) — $6,518 apart, though VA costs also depend on how many of a lender's borrowers are exempt from the funding fee.
Source: 2025 HMDA loan-level records (FFIEC/CFPB), first-lien VA home purchases in Maryland. Costs and APR vs benchmark are medians of each lender's 30-year fixed loans here; "—" = fewer than 30. Data notes and limits.
How concentrated is the Maryland market?
804 institutions reported Maryland home-loan records for 2025 — the 24th-most of any state. The single most active lender accounts for 5.3% of all records and the top five for 21.5%, the 20th-least concentrated market of 51. With volume spread across many lenders, there is plenty of room to shop beyond the biggest names.
How to choose a lender in Maryland
Maryland borrowers took FHA loans 14.5% of the time and VA loans 10.6% (U.S. 13.2% and 8.2%). Buying near $832,750 or above? 5 Maryland counties have a higher conforming limit, so check which side of the jumbo line your county puts you on before comparing quotes.
Get Loan Estimates from three or more lenders in the same two-week window (one credit inquiry) and compare APRs. For down-payment help, ask whether they are approved for Maryland DHCD's MMP 1st Time Advantage or HomeStart 6% — only participating lenders can offer them (terms and sources).
Maryland lender FAQ
Who is the biggest mortgage lender in Maryland?
By 2025 federal HMDA data, Rocket Mortgage originated the most home loans in Maryland — about 9,294, or 7.3% of the state's originations.
Which lender makes the most FHA loans in Maryland?
United Wholesale Mortgage made the most FHA home-purchase loans in Maryland in 2025 — 746, or 6.2% of the 11,996 FHA purchases made by 252 lenders. First Home Mortgage Corporation (672) was second.
Which lender makes the most VA loans in Maryland?
Veterans United made the most VA home-purchase loans in Maryland in 2025 (1,043, 14.1% of the state's VA purchases). VA loans were 10.6% of Maryland originations, the 17th-highest VA share among the states.
How much are closing costs on an FHA loan in Maryland?
The typical Maryland FHA buyer in 2025 paid $13,048 in total loan costs on a median $375,000 loan — lender fees, required third-party services and the 1.75% upfront mortgage insurance premium, per the Closing Disclosure.
That figure excludes recording taxes, prepaid interest and insurance, escrow deposits and the down payment.
Rankings are editorial and independent, built from public federal data — no lender pays to be listed. This is general information, not a recommendation or personalized advice. Confirm all terms directly with the lender.
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