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home improvement loan lenders · HMDA 2023–2025

Home improvement loan lenders in Howard County, Maryland

Fat Boy Data analyzed home improvement loan activity in Howard County, Maryland to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 3,274 applications were decided by 120 lenders between 2023 and 2025.

Howard County at a glance

120Active lenders22 with 20+ decisions
65.4%Market approval rate2,142 of 3,274 decided
$105KTypical loanmedian lender, $10K brackets
95%Borrower take-up2,029 loans funded

How Howard County compares

Approval rate compared
Howard County65.4%Maryland56.0%All 616 counties62.7%
Typical loan compared
Howard County$105KMaryland$85KAll 616 counties$75K

What the data shows

TOWER Federal Credit Union made the most home improvement loans in Howard County, MD, 302 of them.

Apl approved the highest share of applications among lenders with at least 20 decisions here, 99% of 192.

Lenders approved 65.4% of home improvement loan applications in Howard County, MD, 9.4 percentage points above the Maryland rate of 56.0%.

The typical home improvement loan here is $105K, 24% larger than the Maryland typical of $85K.

No lender with a meaningful sample here has a typical home improvement loan at or below $35K, so small jobs are poorly served by the banks in this market.

Approval rate of all 22 lenders with 20+ decisions here
0%25%50%75%100%State Employees Credit Union of Maryland, Incorporated: 22% approved of 92Spring Eq, LLC: 36% approved of 85Truist Bank: 48% approved of 216Bank of America, National Association: 49% approved of 426U.S. Bank National Association: 50% approved of 42Manufacturers and Traders Trust Company: 50% approved of 232TD Bank, National Association: 60% approved of 57Educational Systems: 61% approved of 38First National Bank of Pennsylvania: 65% approved of 130Pentagon Federal Credit Union: 67% approved of 72Figure Lending LLC: 67% approved of 30Citizens Bank, National Association: 69% approved of 77PNC Bank, National Association: 69% approved of 170Fulton Bank, National Association: 70% approved of 91TOWER Federal Credit Union: 71% approved of 433Atlantic Union Bank: 71% approved of 42Navy Federal Credit Union: 73% approved of 295Sandy Spring Bank: 75% approved of 75Third Federal Savings And Loan Association Of Cleveland: 75% approved of 24NASA Federal Credit Union: 97% approved of 32Apl: 99% approved of 192Coastal Community Bank: 100% approved of 33

Each dot is one lender, placed at its approval rate. Hover for the name and sample size.

Home improvement loan lenders in Howard County

LenderApprovalApprovedTaken upTypical loanLoans made
1TOWER Federal Credit Union71%308 / 43398%$115K302
2Bank of America, National Association49%209 / 42696%$105K201
3Navy Federal Credit Union73%216 / 29595%$85K206
4Manufacturers and Traders Trust Company50%117 / 23286%$105K101
5Truist Bank48%103 / 21690%$165K93

Ranked by lending volume. Approval is the share of decided applications a lender approved; taken up is the share of approvals the borrower accepted. Lenders with fewer than 20 decisions are marked as a limited sample and are never used for a “highest approval” claim. How these numbers are built.

Fat Boy found 115 more lenders.

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You are seeing the 5 largest home improvement loan lenders in Howard County. Unlock every lender who decided one of these loans here, what they approved, how much borrowers actually took, and how far the nearest office is.

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