Maryland
Mortgage Loan Application
Totals and Details
in 2018

Find mortgage statistics and mortgage data for Maryland.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2018 in all of Maryland.
You can organize this information by metropolitan area and by county.

Years 2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 298,091
Total Mortgage Loan Application Amount $81,736,335,000
Average Mortgage Loan Application Amount $274,000
Highest Mortgage Loan Application Amount $94,625,000
Average Applicant Income $119,000
Highest Applicant Income $9,999,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in Maryland, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

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Mortgage Loan Application Detail Totals for Maryland in 2018

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 147,595 $48,433,155,000 $328,000 $75,005,000 $120,000 $4,420,000
Refinancing 49,951 $14,296,915,000 $286,000 $69,405,000 $123,000 $9,999,000
Cash-out Refinancing 49,317 $12,919,475,000 $261,000 $58,685,000 $105,000 $9,810,000
Home Improvement 24,390 $2,612,150,000 $107,000 $94,625,000 $128,000 $8,905,000
Other Purpose 20,063 $2,137,535,000 $106,000 $17,005,000 $127,000 $9,943,000
Not Applicable 6,775 $1,337,105,000 $197,000 $16,705,000 $101,000 $1,278,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 128,946 $32,507,960,000 $252,000 $8,005,000 $128,000 $9,999,000
Black or African American 58,232 $13,850,510,000 $237,000 $3,505,000 $97,000 $9,943,000
Not applicable 39,144 $16,011,690,000 $409,000 $94,625,000 $106,000 $1,591,000
Not Provided 36,887 $9,847,735,000 $266,000 $6,765,000 $130,000 $8,905,000
Hispanic 16,221 $3,964,975,000 $244,000 $3,355,000 $91,000 $4,420,000
Asian 14,906 $4,531,800,000 $304,000 $3,305,000 $131,000 $9,810,000
American Indian or Alaskan Native 1,279 $291,465,000 $227,000 $1,225,000 $104,000 $1,560,000
Native Hawaiian or Other Pacific Islander 386 $146,880,000 $380,000 $34,005,000 $112,000 $679,000

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 202,374 $54,121,920,000 $267,000 $94,625,000 $131,000 $9,943,000
FHA-insured (Federal Housing Administration) 61,264 $16,254,270,000 $265,000 $66,145,000 $79,000 $9,999,000
VA-guaranteed (Veterans Administration) 29,859 $10,366,515,000 $347,000 $2,235,000 $107,000 $4,707,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 4,594 $993,630,000 $216,000 $655,000 $67,000 $1,080,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 144,128 $42,611,700,000 $295,000 $75,005,000 $125,000 $9,999,000
Application Denied By Financial Institution 51,828 $9,716,140,000 $187,000 $33,275,000 $103,000 $9,943,000
Loan Purchased By The Institution 47,586 $13,913,890,000 $292,000 $64,965,000 $117,000 $3,868,000
Application Withdrawn By Applicant 37,252 $11,063,340,000 $296,000 $69,405,000 $118,000 $9,810,000
File Closed For Incompleteness 11,053 $2,737,495,000 $247,000 $22,005,000 $114,000 $4,800,000
Application Approved But Not Accepted 6,184 $1,677,210,000 $271,000 $94,625,000 $127,000 $4,953,000
Preapproval Approved but not Accepted 36 $9,940,000 $276,000 $1,005,000 $123,000 $492,000
Preapproval Denied by Financial Institution 24 $6,620,000 $275,000 $515,000 $85,000 $250,000

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Not applicable 242,381 $70,710,825,000 $291,000 $94,625,000 $122,000 $9,999,000
Debt-To-Income Ratio 17,264 $4,053,850,000 $234,000 $66,145,000 $90,000 $4,600,000
Credit History 16,541 $2,301,035,000 $139,000 $2,245,000 $105,000 $9,943,000
Collateral 8,479 $1,635,625,000 $192,000 $5,705,000 $124,000 $4,620,000
Other 5,286 $1,036,260,000 $196,000 $33,275,000 $114,000 $8,905,000
Credit Application Incomplete 4,813 $1,222,375,000 $253,000 $2,765,000 $113,000 $8,704,000
Insufficient Cash (Downpayment, Closing Cost) 1,570 $345,470,000 $220,000 $3,355,000 $131,000 $3,000,000
Unverifiable Information 1,266 $310,090,000 $244,000 $1,985,000 $114,000 $4,953,000
Employment History 466 $116,750,000 $250,000 $1,495,000 $84,000 $650,000
Mortgage Insurance Denied 25 $4,055,000 $162,000 $345,000 $82,000 $179,000
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Mortgage Loan Application Totals in 2018 by Maryland Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
BALTIMORE-COLUMBIA-TOWSON, MD 135,897 $ 35,139,925,000 $ 258,000 $ 117,000
CALIFORNIA-LEXINGTON PARK, MD 5,671 $ 1,355,115,000 $ 238,000 $ 109,000
CUMBERLAND, MD-WV 2,193 $ 222,425,000 $ 101,000 $ 68,000
HAGERSTOWN-MARTINSBURG, MD-WV 6,411 $ 1,132,635,000 $ 176,000 $ 87,000
SALISBURY, MD-DE 9,273 $ 1,673,515,000 $ 180,000 $ 117,000
SILVER SPRING-FREDERICK-ROCKVILLE, MD 60,730 $ 21,478,615,000 $ 353,000 $ 149,000
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Mortgage Loan Application Totals in 2018 by Maryland County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Allegany 2,194 $ 222,500,000 $ 101,000 $ 68,000
Anne Arundel 34,069 $ 10,455,125,000 $ 306,000 $ 127,000
Baltimore 37,659 $ 8,667,725,000 $ 230,000 $ 108,000
Baltimore City 22,049 $ 4,334,275,000 $ 196,000 $ 97,000
Calvert 6,010 $ 1,591,060,000 $ 264,000 $ 123,000
Caroline 1,481 $ 239,975,000 $ 162,000 $ 78,000
Carroll 9,242 $ 2,208,760,000 $ 238,000 $ 110,000
Cecil 4,770 $ 978,350,000 $ 205,000 $ 91,000
Charles 10,647 $ 3,164,975,000 $ 297,000 $ 102,000
Dorchester 1,300 $ 222,310,000 $ 171,000 $ 89,000
Frederick 15,893 $ 4,429,265,000 $ 278,000 $ 114,000
Garrett 1,538 $ 323,890,000 $ 210,000 $ 148,000
Harford 13,745 $ 3,192,715,000 $ 232,000 $ 105,000
Howard 15,984 $ 5,465,340,000 $ 341,000 $ 152,000
Kent 908 $ 192,580,000 $ 212,000 $ 128,000
Montgomery 44,847 $ 17,084,960,000 $ 380,000 $ 161,000
Prince George's 49,202 $ 13,368,635,000 $ 271,000 $ 98,000
Queen Anne's 3,227 $ 871,775,000 $ 270,000 $ 130,000
Somerset 673 $ 82,135,000 $ 122,000 $ 70,000
St. Mary's 5,677 $ 1,355,305,000 $ 238,000 $ 109,000
Talbot 1,947 $ 548,875,000 $ 281,000 $ 153,000
Washington 6,416 $ 1,133,290,000 $ 176,000 $ 87,000
Wicomico 3,824 $ 604,140,000 $ 157,000 $ 83,000
Worcester 4,789 $ 998,375,000 $ 208,000 $ 147,000

We hope these mortgage application details and statistics will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in Maryland.

If you prefer, you can download a copy of the entire list of mortgage lenders in Maryland and search similar information back through 2003.

Download the Maryland Lender List