Safe Rate Rankings

Best Mortgage Lenders in Frederick

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 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

🛡️ 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 Lenders148

Total Loans13,067

Median Rate Spread0.16%

Frederick Market Insights

Navy Federal Credit Union is Safe Rate's top-ranked lender in Frederick, leading the composite scorecard across pricing, pullthrough, products, and local expertise.
Top-ranked by institution type in Frederick: Bank: Truist Bank (#2). Credit union: Navy Federal Credit Union (#1). Mortgage company: United Wholesale Mortgage (#3).
There is often a pricing vs. pullthrough tradeoff in mortgage lending. In Frederick, Morgan Stanley Private Bank National Association and Navy Federal Credit Union scores highest on pricing while Rocket Mortgage and United Wholesale Mortgage leads on likelihood to close. That is why we encourage speaking with multiple lenders.
United Wholesale Mortgage (UWM) ranks #3 in Frederick, 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.
Rocket Mortgage ranks #5 in Frederick, the nation's largest lender by volume.

Explore Rankings by Type

By Loan Product

Lenders often score differently for different loan products. Get tailored rankings by selecting your product type.

FHA Loans Conventional Loans VA Loans Jumbo Loans

By Institution Type

Some consumers only want to work with a credit union, bank, or focused mortgage company. See our rankings here!

Banks Credit Unions Mortgage Companies

Shopping for a mortgage? Click the heart icon to save lenders to My Home and make comparison painless.

Rank	Lender	Overall	Pricing	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	NAVY FEDERAL CREDIT UNION Credit UnionDirect	Strong	Exceptional	Sound	Exceptional	$301Fees	0.562%Below	243
2	Truist Bank BankDirect	Strong	Strong	Strong	Exceptional	$537Credit	0.137%Below	441
3	UNITED WHOLESALE MORTGAGE, LLC Independent Mortgage CompanyWholesale	Strong	Sound*	Exceptional	Exceptional	$2,445Fees	0.103%Above	637
4	First Heritage Mortgage, LLC Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Exceptional	$2,680Fees	0.118%Above	272
5	ROCKET MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Exceptional	$3,736Fees	0.140%Above	988
6	Manufacturers and Traders Trust Company BankDirect	Strong	Strong	Strong	Exceptional	$148Credit	0.127%Below	217
7	Morgan Stanley Private Bank, National Association BankDirect	Strong	Exceptional	Strong	Strong	$287Fees	0.583%Below	67
8	Bank of America, National Association BankDirect	Strong	Strong	Strong	Strong	$1,652Fees	0.225%Below	132
9	Citibank, National Association BankDirect	Strong	Exceptional	Sound	Strong	$438Fees	0.323%Below	105
10	Bank-Fund Staff Federal Credit Union Credit UnionDirect	Strong	Exceptional	Sound	Strong	$1,483Credit	0.084%Below	95
11	NBKC BANK BankDirect	Strong	Exceptional	Sound	Strong	$197Credit	0.291%Below	55
12	Towne Bank BankDirect	Strong	Acceptable	Exceptional	Exceptional	$3,232Fees	0.067%Above	336
13	United Bank BankDirect	Strong	Sound	Strong	Strong	$2,336Fees	0.008%Below	137
14	STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED Credit UnionDirect	Strong	Strong	Sound	Exceptional	$814Fees	0.528%Below	123
15	PROVIDENT FUNDING ASSOCIATES, L.P. Independent Mortgage CompanyWholesale	Strong	Exceptional*	Sound	Strong	$779Fees	0.137%Below	109
16	U.S. Bank National Association BankDirect	Strong	Strong	Strong	Strong	$593Fees	0.050%Below	73
17	Prosperity Home Mortgage, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Exceptional	$2,615Fees	0.174%Above	435
18	FIRST SAVINGS MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Exceptional	$2,505Fees	0.159%Above	287
19	Atlantic Coast Mortgage, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Exceptional	$2,846Fees	0.103%Above	222
20	Sandy Spring Bank BankDirect	Strong	Sound	Strong	Exceptional	$1,059Fees	0.105%Above	193
21	FIRST HOME MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Mediocre	Exceptional	Exceptional	$3,897Fees	0.297%Above	483
22	JPMorgan Chase Bank, National Association BankDirect & Wholesale	Strong	Sound*	Strong	Exceptional	$2,271Fees	0.036%Below	288
23	First National Bank of Pennsylvania BankDirect	Strong	Sound	Strong	Strong	$1,433Fees	0.049%Below	116
24	FEDERATED MORTGAGE CORP. Independent Mortgage CompanyDirect	Strong	Strong	Strong	Strong	$854Credit	0.199%Below	34
25	Vellum Mortgage, Inc. Independent Mortgage CompanyDirect	Strong	Sound	Strong	Exceptional	$2,894Fees	0.155%Above	152
26	PNC Bank, National Association BankDirect	Strong	Strong	Strong	Strong	$506Credit	0.114%Below	75
27	INTERCOASTAL MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Strong	$2,701Fees	0.077%Above	71
28	PENNYMAC LOAN SERVICES, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Strong	Strong	$1,878Fees	0.111%Below	153
29	FREEDOM MORTGAGE CORPORATION Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Strong	Strong	$2,286Fees	0.077%Above	140
30	Wells Fargo Bank, National Association BankDirect	Strong	Strong	Sound	Strong	$2,220Fees	0.162%Below	119
31	LOANDEPOT.COM, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Strong	Strong	$2,856Fees	0.059%Above	110
32	Citizens Bank, National Association BankDirect	Strong	Strong	Strong	Strong	$527Fees	0.069%Below	63
33	United Nations Federal Credit Union Credit UnionDirect	Strong	Strong	Sound	Strong	$7Credit	0.393%Below	55
34	EMBRACE HOME LOANS, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Exceptional	$2,721Fees	0.267%Above	242
35	HOMESPIRE MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Exceptional	$4,117Fees	0.436%Above	156
36	MERIDIAN BANK BankDirect	Strong	Sound	Exceptional	Strong	$1,644Fees	0.067%Above	43
37	BAY EQUITY LLC Independent Mortgage CompanyDirect	Strong	Sound	Strong	Exceptional	$2,117Fees	0.018%Below	217
38	NFM, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	$4,036Fees	0.305%Above	173
39	Capital Bank, National Association BankDirect	Strong	Sound	Sound	Strong	$1,814Fees	0.143%Above	86
40	Ameris Bank BankDirect	Strong	Sound	Exceptional	Strong	$3,598Fees	0.143%Above	67
41	CREDIT UNION MORTGAGE ASSOCIATION, INC. Independent Mortgage CompanyDirect	Strong	Exceptional	Acceptable	Strong	$1,999Fees	0.560%Below	40
42	GUARANTEED RATE, INC. Independent Mortgage CompanyDirect	Strong	Sound	Strong	Strong	$2,227Fees	0.017%Above	180
43	MOVEMENT MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	$2,464Fees	0.196%Above	112
44	FAIRWAY INDEPENDENT MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	$2,616Fees	0.211%Above	137
45	SWBC MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	$2,202Fees	0.328%Above	63
46	Presidential Bank, FSB BankDirect	Strong	Acceptable	Strong	Strong	$3,637Fees	0.222%Above	124
47	Shore United Bank, N.A. BankDirect	Strong	Acceptable	Strong	Exceptional	$3,805Fees	0.159%Above	117
48	CMG MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	$2,323Fees	0.048%Above	88
49	T2 FINANCIAL LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	$3,329Fees	0.295%Above	72
50	CROSSCOUNTRY MORTGAGE, LLC Independent Mortgage CompanyDirect	Sound	Acceptable	Strong	Strong	$2,713Fees	0.181%Above	223

❓ Frequently Asked Questions

How are mortgage lenders ranked in Frederick?+

Safe Rate ranks lenders using the 4 Ps framework, derived entirely 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 Frederick), and Product (performance on specific loan types). Each lender receives a composite Safe Rate Score from 0–100. 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 Frederick?+

Based on 2024 HMDA data, 148 lenders originated a combined 13,067 loans in Frederick. Safe Rate's rankings evaluate all of them — not just a curated shortlist.

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

Rate spread measures how much above the Average Prime Offer Rate (APOR) a lender charges. The median rate spread in Frederick is 0.16%. 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 Frederick's rankings, all three institution types are evaluated on the same HMDA performance metrics.

How We Rank Lenders

Our rankings use a weighted average of scores across equally-weighted categories to evaluate lenders on a linear, raw performance scale.

Our Point System (Max 30 Points)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

Place

Local market expertise (33%)

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.