Safe Rate Rankings

Best Jumbo 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

Bank of America National Association is Safe Rate's top-ranked Jumbo lender in Frederick, leading on pricing, pullthrough, Jumbo product expertise, and local knowledge.
There is often a pricing vs. pullthrough tradeoff in mortgage lending. In Frederick, Morgan Stanley Private Bank National Association and Citibank National Association 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 #8 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 #10 in Frederick, the nation's largest lender by volume.

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Overall Rankings

All lenders in Frederick

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By Institution Type

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	Bank of America, National Association BankDirect	Exceptional	Exceptional	Exceptional	Strong	Strong	$1,652Fees	0.225%Below	132
2	Truist Bank BankDirect	Exceptional	Strong	Exceptional	Strong	Exceptional	$537Credit	0.137%Below	441
3	Manufacturers and Traders Trust Company BankDirect	Exceptional	Strong	Exceptional	Strong	Exceptional	$148Credit	0.127%Below	217
4	Citibank, National Association BankDirect	Exceptional	Exceptional	Exceptional	Strong	Strong	$438Fees	0.323%Below	105
5	Morgan Stanley Private Bank, National Association BankDirect	Exceptional	Exceptional	Exceptional	Strong	Strong	$287Fees	0.583%Below	67
6	STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED Credit UnionDirect	Exceptional	Exceptional	Exceptional	Strong	Exceptional	$814Fees	0.528%Below	123
7	U.S. Bank National Association BankDirect	Exceptional	Exceptional	Exceptional	Strong	Strong	$593Fees	0.050%Below	73
8	UNITED WHOLESALE MORTGAGE, LLC Independent Mortgage CompanyWholesale	Exceptional	Sound*	Exceptional	Strong	Exceptional	$2,445Fees	0.103%Above	637
9	Wells Fargo Bank, National Association BankDirect	Exceptional	Exceptional	Exceptional	Strong	Strong	$2,220Fees	0.162%Below	119
10	ROCKET MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Exceptional	$3,736Fees	0.140%Above	988
11	Bank-Fund Staff Federal Credit Union Credit UnionDirect	Strong	Exceptional	Strong	Sound	Strong	$1,483Credit	0.084%Below	95
12	GUARANTEED RATE, INC. Independent Mortgage CompanyDirect	Strong	Strong	Exceptional	Strong	Strong	$2,227Fees	0.017%Above	180
13	First National Bank of Pennsylvania BankDirect	Strong	Sound	Exceptional	Strong	Strong	$1,433Fees	0.049%Below	116
14	JPMorgan Chase Bank, National Association BankDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Exceptional	$2,271Fees	0.036%Below	288
15	United Nations Federal Credit Union Credit UnionDirect	Strong	Exceptional	Exceptional	Strong	Strong	$7Credit	0.393%Below	55
16	Citizens Bank, National Association BankDirect	Strong	Strong	Exceptional	Strong	Strong	$527Fees	0.069%Below	63
17	CROSSCOUNTRY MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,713Fees	0.181%Above	223
18	TD Bank, National Association BankDirect	Strong	Sound	Exceptional	Strong	Strong	$27Fees	0.099%Above	69
19	PNC Bank, National Association BankDirect	Strong	Sound	Exceptional	Strong	Strong	$506Credit	0.114%Below	75
20	Prosperity Home Mortgage, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,615Fees	0.174%Above	435
21	Fulton Bank, National Association BankDirect	Strong	Sound	Exceptional	Strong	Strong	$1,908Fees	0.188%Above	61
22	EMBRACE HOME LOANS, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Strong	Exceptional	$2,721Fees	0.267%Above	242
23	United Bank BankDirect	Strong	Acceptable	Strong	Strong	Strong	$2,336Fees	0.008%Below	137
24	FIRST SAVINGS MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Mediocre	Exceptional	Strong	Exceptional	$2,505Fees	0.159%Above	287
25	Shore United Bank, N.A. BankDirect	Strong	Acceptable	Strong	Strong	Exceptional	$3,805Fees	0.159%Above	117
26	Sandy Spring Bank BankDirect	Strong	Acceptable	Strong	Sound	Exceptional	$1,059Fees	0.105%Above	193

❓ 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 40 Points)

Pricing

Rate and fee competitiveness (25%)

Pull Through

Reliability in closing loans (25%)

Product

Specialization in the loan type (25%)

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.