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Rankings

Best Jumbo Mortgage Lenders in Baltimore

Updated June 4, 2026

Rankings are a starting point, not a verdict. Safe Rate recommends speaking with 2-3 lenders to find the right fit for your home loan!

The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.

Market

Total Lenders212

Total Loans31,415

Median Rate Spread0.28%

Baltimore Market Insights

State Employees Credit Union of Maryland Incorporated is Safe Rate's top-ranked Jumbo lender in Baltimore, leading on pricing, pullthrough, Jumbo product expertise, and local knowledge.
There is often a pricing vs. pullthrough tradeoff in mortgage lending. In Baltimore, Navy Federal Credit Union and State Employees Credit Union of Maryland Incorporated scores highest on Jumbo pricing while Bank of America National Association and Manufacturers and Traders Trust leads on likelihood to close. That is why we encourage speaking with multiple lenders.
United Wholesale Mortgage (UWM) ranks #3 in Baltimore, serving as the platform behind many independent local brokers who live and work in the community. A local broker knows the neighborhoods, the local market, and is personally invested in your outcome. Real estate agents often prefer referring local brokers for their accessibility and responsiveness, qualities that matter when a deal is moving fast. Pricing and experience can vary by broker.
Popular names in Baltimore: Rocket Mortgage (#10) and First Home Mortgage (#26).

Explore Rankings by Type

Overall Rankings

All lenders in Baltimore

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By Institution Type

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State Employees Credit Union of Maryland

Credit UnionDirect

Overall

Exceptional

Avg Fees

$1,302Fees

Manufacturers and Traders Trust Company

BankDirect

Overall

Exceptional

Avg Fees

$844Fees

United Wholesale Mortgage

Independent Mortgage CompanyWholesaleResponds to quote requests promptly

Overall

Exceptional

Avg Fees

$2,993Fees

U.S. Bank National Association

BankDirect

Overall

Exceptional

Avg Fees

$349Fees

Truist Bank

BankDirect

Overall

Exceptional

Avg Fees

$629Credit

Bank of America

BankDirectHasn't responded yet

Overall

Exceptional

Avg Fees

$1,859Fees

Wells Fargo Bank

BankDirect

Overall

Exceptional

Avg Fees

$1,934Fees

Navy Federal Credit Union

Credit UnionDirect

Overall

Strong

Avg Fees

$636Fees

First National Bank of Pennsylvania

BankDirect

Overall

Strong

Avg Fees

$1,543Fees

Rocket Mortgage

Independent Mortgage CompanyDirect & WholesaleHasn't responded yet

Overall

Strong

Avg Fees

$4,143Fees

JPMorgan Chase Bank

BankDirect & Wholesale

Overall

Strong

Avg Fees

$2,657Fees

CrossCountry Mortgage

Independent Mortgage CompanyDirect

Overall

Strong

Avg Fees

$3,704Fees

Fulton Bank

BankDirect

Overall

Strong

Avg Fees

$2,828Fees

PNC Bank

BankDirect

Overall

Strong

Avg Fees

$808Fees

WesBanco Bank

BankDirect

Overall

Strong

Avg Fees

$1,650Fees

TD Bank

BankDirect

Overall

Strong

Avg Fees

$1,494Credit

Guaranteed Rate Affinity

Independent Mortgage CompanyDirect

Overall

Strong

Avg Fees

$2,217Fees

loanDepot

Independent Mortgage CompanyDirect & Wholesale

Overall

Strong

Avg Fees

$3,284Fees

NFM

Independent Mortgage CompanyDirect

Overall

Strong

Avg Fees

$4,273Fees

Prosperity Home Mortgage

Independent Mortgage CompanyDirect

Overall

Strong

Avg Fees

$2,630Fees

DAS Acquisition Company

Independent Mortgage CompanyDirect

Overall

Strong

Avg Fees

$3,177Fees

PennyMac Loan Services

Independent Mortgage CompanyDirect & WholesaleHasn't responded yet

Overall

Strong

Avg Fees

$1,585Fees

United Bank

BankDirect

Overall

Strong

Avg Fees

$1,838Fees

Embrace Home Loans

Independent Mortgage CompanyDirect

Overall

Strong

Avg Fees

$3,406Fees

Shore United Bank

BankDirect

Overall

Strong

Avg Fees

$2,590Fees

First Home Mortgage Corporation

Independent Mortgage CompanyDirect

Overall

Sound

Avg Fees

$4,875Fees

Sandy Spring Bank

BankDirect

Overall

Sound

Avg Fees

$2,144Fees

Meridian Bank

BankDirect

Overall

Sound

Avg Fees

$2,057Fees

Rank	Lender	Safe Rate Score					Loan Economics			Action
Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans	Action
1	State Employees Credit Union of Maryland Credit UnionDirect	Exceptional	Exceptional	Exceptional	Strong	Exceptional	$1,302Fees	0.266%Below	344
2	Manufacturers and Traders Trust Company BankDirect	Exceptional	Strong	Exceptional	Strong	Exceptional	$844Fees	0.079%Above	398
3	United Wholesale Mortgage Independent Mortgage CompanyWholesaleResponds to quote requests promptly	Exceptional	Sound*	Exceptional	Strong	Exceptional	$2,993Fees	0.096%Above	1,767
4	U.S. Bank National Association BankDirect	Exceptional	Exceptional	Exceptional	Strong	Strong	$349Fees	0.019%Above	109
5	Truist Bank BankDirect	Exceptional	Strong	Exceptional	Strong	Exceptional	$629Credit	0.066%Below	494
6	Bank of America BankDirectHasn't responded yet	Exceptional	Exceptional	Exceptional	Strong	Strong	$1,859Fees	0.108%Below	303
7	Wells Fargo Bank BankDirect	Exceptional	Exceptional	Exceptional	Strong	Strong	$1,934Fees	0.029%Above	259
8	Navy Federal Credit Union Credit UnionDirect	Strong	Exceptional	Exceptional	Sound	Exceptional	$636Fees	0.456%Below	685
9	First National Bank of Pennsylvania BankDirect	Strong	Sound	Exceptional	Strong	Strong	$1,543Fees	0.039%Above	357
10	Rocket Mortgage Independent Mortgage CompanyDirect & WholesaleHasn't responded yet	Strong	Sound*	Exceptional	Strong	Exceptional	$4,143Fees	0.282%Above	2,545
11	JPMorgan Chase Bank BankDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Strong	$2,657Fees	0.097%Above	496
12	CrossCountry Mortgage Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$3,704Fees	0.417%Above	435
13	Fulton Bank BankDirect	Strong	Sound	Exceptional	Strong	Strong	$2,828Fees	0.245%Above	231
14	PNC Bank BankDirect	Strong	Sound	Exceptional	Strong	Strong	$808Fees	0.056%Above	145
15	WesBanco Bank BankDirect	Strong	Strong	Exceptional	Strong	Strong	$1,650Fees	0.222%Above	100
16	TD Bank BankDirect	Strong	Sound	Exceptional	Strong	Sound	$1,494Credit	0.216%Above	74
17	Guaranteed Rate Affinity Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Sound	Strong	$2,217Fees	0.219%Above	263
18	loanDepot Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Sound	Strong	$3,284Fees	0.114%Above	261
19	NFM Independent Mortgage CompanyDirect	Strong	Mediocre	Exceptional	Strong	Exceptional	$4,273Fees	0.392%Above	1,197
20	Prosperity Home Mortgage Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,630Fees	0.309%Above	506
21	DAS Acquisition Company Independent Mortgage CompanyDirect	Strong	Sound	Strong	Sound	Strong	$3,177Fees	0.114%Above	374
22	PennyMac Loan Services Independent Mortgage CompanyDirect & WholesaleHasn't responded yet	Strong	Sound*	Exceptional	Strong	Strong	$1,585Fees	0.097%Below	308
23	United Bank BankDirect	Strong	Acceptable	Strong	Strong	Strong	$1,838Fees	0.225%Below	186
24	Embrace Home Loans Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Strong	Strong	$3,406Fees	0.290%Above	253
25	Shore United Bank BankDirect	Strong	Acceptable	Strong	Strong	Strong	$2,590Fees	0.144%Above	193
26	First Home Mortgage Corporation Independent Mortgage CompanyDirect	Sound	Mediocre	Strong	Sound	Exceptional	$4,875Fees	0.376%Above	1,754
27	Sandy Spring Bank BankDirect	Sound	Acceptable	Strong	Sound	Exceptional	$2,144Fees	0.231%Above	268
28	Meridian Bank BankDirect	Sound	Sound	Sound	Acceptable	Exceptional	$2,057Fees	0.194%Above	723

❓ Frequently Asked Questions

How are mortgage lenders ranked in Baltimore?+

Safe Rate ranks lenders using the 5 Ps framework. Four are derived from HMDA (Home Mortgage Disclosure Act) data: Pricing (how competitively a lender prices loans vs. the market benchmark), Pullthrough (how effectively a lender closes applications), Place (the lender's depth of expertise in Baltimore), and Product (performance on specific loan types). The fifth, Promptness, is behavioral: it credits lenders who answer real shopper quote requests quickly. Each lender receives a composite Safe Rate Score from 0 to 100. No lender pays to appear in the rankings.

What is the Safe Rate Score?+

The Safe Rate Score is a 0–100 composite index measuring a lender's performance across Pricing, Pullthrough, Place, and Product. Scores of 80 or above earn Champion status; scores of 60–79 earn Superstar status. All scores are calculated from verified HMDA data — no lender can pay to improve their position.

How many mortgage lenders are active in Baltimore?+

Based on 2024 HMDA data, 212 lenders originated a combined 31,415 loans in Baltimore. Safe Rate's rankings evaluate all of them — not just a curated shortlist.

What does the rate spread tell me about a lender in Baltimore?+

Rate spread measures how much above the Average Prime Offer Rate (APOR) a lender charges. The median rate spread in Baltimore is 0.28%. Lenders in Safe Rate's top rankings consistently price below this median, meaning borrowers typically pay less interest over the life of their loan.

What is HMDA data and why does Safe Rate use it?+

HMDA (Home Mortgage Disclosure Act) is a federal law requiring every mortgage lender to disclose every loan application annually — including rates, amounts, approvals, and denials. Safe Rate uses HMDA because it is government-verified, covers all lenders equally, and cannot be gamed. It is the most objective foundation available for lender rankings.

Does Safe Rate accept payment from lenders to appear in rankings?+

No. Safe Rate rankings are strictly data-driven. No lender can pay to appear in or improve their position in Safe Rate's rankings. The only factor that determines a lender's rank is their verified HMDA performance data.

What is the difference between a bank, credit union, and independent mortgage company?+

Banks and credit unions offer mortgages alongside checking, savings, and other products. Independent Mortgage Companies (IMCs) focus exclusively on originating loans and often offer more product variety and speed. In Baltimore's rankings, all three institution types are evaluated on the same HMDA performance metrics.

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 40 Points)

10/ 40 pts

Pricing

Rate and fee competitiveness (25%)

10/ 40 pts

Pull Through

Reliability in closing loans (25%)

10/ 40 pts

Product

Specialization in the loan type (25%)

10/ 40 pts

Place

Local market expertise (25%)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

⚖️ Licensing & Disclosures

Lender rankings and market statistics are created by Dylan Hall, licensed mortgage loan officer (NMLS #1658740). Safe Rate is a mortgage technology platform; mortgage lending services are provided by PartnerOwn LLC dba Safe Rate Mortgage, a licensed mortgage broker and lender (NMLS #1590949). Safe Rate Mortgage is a lending partner of some of the lenders ranked on this page, and Safe Rate Inc. has software or service customers on this list; however, all rankings are calculated using objective, public Home Mortgage Disclosure Act (HMDA) datasets, completely independent of any corporate partnerships, client relationships, or compensation.