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home improvement loan lenders · HMDA 2023–2025

Home improvement loan lenders in Maryland

Fat Boy Data analyzed home improvement loan activity in Maryland to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 49,317 applications were decided by 278 lenders between 2023 and 2025.

Maryland at a glance

278Active lenders93 with 20+ decisions
56.0%Market approval rate27,632 of 49,317 decided
$85KTypical loanmedian lender, $10K brackets
93%Borrower take-up25,613 loans funded

How Maryland compares

Approval rate compared
Maryland56.0%All 616 counties62.7%
Typical loan compared
Maryland$85KAll 616 counties$75K

What the data shows

Navy Federal Credit Union made the most home improvement loans in Maryland, 3,984 of them.

Direct Mortgage Loans, LLC approved the highest share of applications among lenders with at least 20 decisions here, 100% of 70.

Lenders approved 56.0% of home improvement loan applications in Maryland, 6.7 percentage points below the the United States rate of 62.7%.

The typical home improvement loan here is $85K, 13% larger than the the United States typical of $75K.

Only 1 lender here typically writes at or below $35K: Municipal Employees Credit Union of Baltimore, Incorporated.

Approval rate of all 60 lenders with 20+ decisions here
0%25%50%75%100%State Employees Credit Union of Maryland, Incorporated: 23% approved of 1,191U.S. Bank National Association: 27% approved of 1,012Wells Fargo Bank, National Association: 30% approved of 77Spring Eq, LLC: 34% approved of 1,403Bank of America, National Association: 36% approved of 5,986Citibank, National Association: 41% approved of 110Truist Bank: 41% approved of 3,802Apple Federal Credit Union: 44% approved of 231Fourleaf: 44% approved of 162United Bank: 45% approved of 87Municipal Employees Credit Union of Baltimore, Incorporated: 47% approved of 143Manufacturers and Traders Trust Company: 48% approved of 4,428Members 1St: 49% approved of 134Pentagon Federal Credit Union: 54% approved of 1,152TD Bank, National Association: 54% approved of 777Loandepot.Com, LLC: 55% approved of 146New American Funding, LLC: 57% approved of 114Citizens Bank, National Association: 58% approved of 1,213Educational Systems: 58% approved of 1,124PNC Bank, National Association: 58% approved of 3,634First National Bank of Pennsylvania: 59% approved of 1,530Mid-Atlantic Federal Credit Union: 59% approved of 75Johns Hopkins Federal Credit Union: 60% approved of 296Third Federal Savings And Loan Association Of Cleveland: 62% approved of 416State Department Federal Credit Union: 64% approved of 239AGRICULTURE Federal Credit Union: 64% approved of 113Fulton Bank, National Association: 65% approved of 493Navy Federal Credit Union: 65% approved of 6,327FedChoice Federal Credit Union: 66% approved of 111Rocket Mortgage, LLC: 66% approved of 187WesBanco Bank, Inc.: 68% approved of 308Orrstown Bank: 68% approved of 108TOWER Federal Credit Union: 68% approved of 2,995Figure Lending LLC: 68% approved of 769Northwest Federal Credit Union: 69% approved of 233Atlantic Union Bank: 69% approved of 390Shore United Bank, National Association: 70% approved of 283Sandy Spring Bank: 71% approved of 778Patriot Credit Union: 71% approved of 256The Loan Store, Inc.: 71% approved of 90Spectra Credit Union: 72% approved of 93POINT BREEZE Credit Union: 77% approved of 106Aberdeen Proving Ground Federal Credit Union: 79% approved of 1,119NORTHROP GRUMMAN Federal Credit Union: 79% approved of 80Nationstar Mortgage LLC: 79% approved of 265Homebridge Financial Services, Inc.: 83% approved of 124Prince George's Community: 84% approved of 287JUSTICE Federal Credit Union: 85% approved of 116United States Senate Federal Credit Union: 87% approved of 113Library of Congress: 88% approved of 93National Institutes of Health Federal Credit Union: 89% approved of 123Lendage, LLC: 89% approved of 163Securityplus: 90% approved of 116Baltimore County Employees: 92% approved of 96First Home Mortgage Corporation: 92% approved of 74NASA Federal Credit Union: 95% approved of 284Meridian Bank: 97% approved of 99Apl: 98% approved of 343Coastal Community Bank: 99% approved of 547Direct Mortgage Loans, LLC: 100% approved of 70

Each dot is one lender, placed at its approval rate. Hover for the name and sample size.

Home improvement loan lenders in Maryland

LenderApprovalApprovedTaken upTypical loanLoans made
1Navy Federal Credit Union65%4,143 / 6,32796%$75K3,984
2Bank of America, National Association36%2,149 / 5,98697%$105K2,083
3Manufacturers and Traders Trust Company48%2,107 / 4,42890%$85K1,896
4Truist Bank41%1,570 / 3,80289%$105K1,402
5PNC Bank, National Association58%2,109 / 3,63496%$95K2,026

Ranked by lending volume. Approval is the share of decided applications a lender approved; taken up is the share of approvals the borrower accepted. Lenders with fewer than 20 decisions are marked as a limited sample and are never used for a “highest approval” claim. How these numbers are built.

Fat Boy found 273 more lenders.

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Other lending data for Maryland

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Counties in Maryland

Montgomery CountyCountyPrince George's CountyCountyBaltimore CountyCountyAnne Arundel CountyCountyBaltimore cityCountyHoward CountyCountyFrederick CountyCountyHarford CountyCountyCarroll CountyCountyCharles CountyCountyWashington CountyCountySt. Mary's CountyCounty