# CREDENCE FUNDING CORPORATION

> **Canonical URL:** https://saferate.com/lenders/credence-funding


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


CREDENCE FUNDING CORPORATION is a independent mortgage company, headquartered in Aberdeen, MD, serving borrowers across 10 states, with 31 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 50% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 64% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 254900HIDMT4ZG09RP47
- **Headquarters:** Aberdeen, MD
- **Geographic Reach:** Multi-Region
- **States Served:** 10
- **State List:** AZ, FL, GA, IL, IN, MD, MI, PA, VA, WA
- **Markets (MSAs):** 1
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 50/100
- Rating: ●●●○○ (3/5)

### Pull Through: Acceptable 🙂
- Score: 36/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** -0.690%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $3,313
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 31
- **Dollar Volume:** $12 million
- **Applications Received:** 32
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $385,645
- **Average Borrower Income:** $131,323
- **Average Property Value:** $480,161

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 14/100 | 19 | -0.086% | $1,971 | Mediocre 😐 |
| VA | 37/100 | 10 | -0.846% | $4,026 | Acceptable 🙂 |

### Product Performance by Purpose

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 20/100 | 22 | $8M | -0.063% | Mediocre 😐 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| MD | 20 | 0.03% | 55/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Baltimore | MD | 16 | 54/100 |

## Frequently Asked Questions

### What loan types does CREDENCE FUNDING CORPORATION offer?

CREDENCE FUNDING CORPORATION offers the following mortgage loan types: Conventional, VA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does CREDENCE FUNDING CORPORATION offer mortgages?

CREDENCE FUNDING CORPORATION offers mortgages in 10 states: AZ, FL, GA, IL, IN, MD, MI, PA, VA, WA.

### How competitive are CREDENCE FUNDING CORPORATION's mortgage rates?

CREDENCE FUNDING CORPORATION has a pricing score of 50/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.690% below market average.

### What type of lender is CREDENCE FUNDING CORPORATION?

CREDENCE FUNDING CORPORATION is a non-depository lender that specializes in mortgage origination, headquartered in Aberdeen, MD.

### What is CREDENCE FUNDING CORPORATION's loan approval success rate?

CREDENCE FUNDING CORPORATION has a pull-through score of 36/100 (Acceptable). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/credence-funding

### How to Cite

> "CREDENCE FUNDING CORPORATION Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/credence-funding

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