Applications / Mortgage Analytics / Lenders / Maryland / 1st Financial
Linthicum, MD · Independent non-bank lender · CFPB · 248 loans in 2025
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248
loans originated, 2025
419
applications, 2025
5
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
1st Financial, a Maryland mortgage company whose biggest state is Florida, lends far more often than similar lenders in majority-minority neighborhoods.
It made 248 loans in 2025, 31% fewer than the 359 of a year earlier. Similar lenders, independent non-bank lenders making between half and twice as many loans, held steady, and the whole market grew 10%; its growth was lower than at about nine in ten of them. Its decline began after 2021, when it made 1,679 loans.
Majority-minority neighborhoods took 77.8% of its loans, against 21.7% at similar lenders. Low- and moderate-income (LMI) neighborhoods took 28.5%, against 18.2%. Both shares have risen since 2020, when they were 53.8% and 18.4%. Its largest market is Miami-Fort Lauderdale-West Palm Beach, where it ranked 120 of 937.
LMI borrowers took 12.8% of its loans, against 22.1% at similar lenders and 23.7% in 2020. One possible reason is loan size: its typical loan was $375,000, against $325,000 at peers, and bigger loans need bigger incomes. Home purchases made up 84.3% of its lending.
Loans insured by the Federal Housing Administration (FHA) made up 27.0% of its lending, against 17.4% at similar lenders. That was down from 35.1% a year earlier, as conventional loans rose to 71.4%.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2019–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Years with no HMDA report from this lender are left out: since 2020 a bank making fewer than 100 closed-end loans a year need not report. 1st Financial took 419 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 84.3% · Refinance 15.7%
Conventional 71.4% · FHA 27.0% · USDA (RHS or FSA) 0.8% · VA 0.8% · of 248 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Florida | 207 | 83.5% |
| Maryland | 32 | 12.9% |
| Texas | 5 | 2.0% |
| Virginia | 3 | 1.2% |
| District of Columbia | 1 | 0.4% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Miami-Miami Beach-Kendall | 107 |
| Fort Lauderdale-Pompano Beach-Sunrise | 53 |
| Cape Coral-Fort Myers | 16 |
| Baltimore-Columbia-Towson | 15 |
| West Palm Beach-Boca Raton-Delray Beach | 9 |
| Frederick-Gaithersburg-Bethesda | 6 |
| Washington | 6 |
| Houston-Pasadena-The Woodlands | 4 |
| Ocala | 3 |
| Tampa | 3 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300AT7S7TRS2KSX88 | 2019–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 5027208 | 2016–2023 |
| Respondent ID (the HMDA filer code before 2018) | 743694338 | 2015–2017 |
Established 24 June 2002. Reported under HMDA 2015-2025.
Mergers, name changes, data editions and corrections: 1st Financial's data.
1st Financial's data
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1st Financial and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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