State Employees Credit Union of Maryland Review
See how often this lender's Bankrate auction price beats comparable loans from 2025.
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This lender is a Bankrate Auction Participant, meaning we verify their offer authenticity and hold them to high standards to ensure you get the best possible rate offer.
How Bankrate scores State Employees Credit Union of Maryland
- Price competitiveness
How often this lender's borrowers got an interest rate at or below the median rate for similar loans.
3 out of 5 - Amount of overpayment
How much more this lender's borrowers paid than the lowest-cost mortgage offer for a similar borrower and loan, almost always found exclusively through Bankrate's auction.
5 out of 5 - Customer complaints
How often consumers complain about this lender, and whether they get relief.
Clean5 out of 5 - Where and what they lend
How many states and loan types this lender serves.
67%4 out of 5
No lender can pay for a higher Bankrate Rating. Every score comes from the same data and criteria.
2025 ratings, across all four measures
A few more details worth knowing
Though these don't affect the star rating, we show them so you have the full picture.
For applicants age 62 and older, we measure two things: whether this lender denies them more often than its own lending patterns would predict after accounting for loan size, income, debt-to-income ratio, and loan type; and whether it lends to them at rates similar to comparable lenders. Importantly, federal mortgage disclosure data does not include applicants' credit scores, so the analysis cannot account for differences in creditworthiness that may explain some disparities. This limitation applies to all lenders, making comparisons more consistent, but its impact may vary across lenders. These measures identify potential disparities, not proof of unfair treatment.
We looked at how often a lender's applications end up as closed loans, not counting any that were denied or the applicant withdrew. At this lender, at least 95% did, which might mean quoted terms held up, applicants were well qualified, or both.
Importantly, this measure is not included in the scores because a lender's closing likelihood might be pulled down by factors outside their control, such as differences in application volume. Nonetheless, there are clear performance differences between lenders even after these factors are controlled for, so it is included for informational purposes only.
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What Bankrate's editors think
Membership at SECU isn’t limited to state employees or even Marylanders — anyone can join with a one-time donation to the SECU MD Foundation. Its mortgage business stays regional, though, so it’s mainly an option if you’re buying in or around Maryland, especially with an adjustable-rate mortgage you’d rather not refinance every few years.
Its LoanFlex program lets members reset an ARM’s rate up to five times over the loan’s life, with no appraisal, credit check, underwriting or closing costs. SECU also layers Maryland Mortgage Program down payment and closing cost assistance on top of its own rates for eligible first-time buyers.
At a glance
Good for Maryland-area borrowers — membership isn’t restricted to state employees, and most Marylanders qualify to join. Not a good fit for jumbo or out-of-state buyers looking for a nationwide lender, since SECU’s rates and reach stay regional.
What consumers say
Excellent Service and Great Refinancing Rates
I recently refinanced my house with SECU. Mark Considine and his team were extremely professional, helpful, and easy to work with throughout our refinancing process. They helped us secure a very good interest rate for refinancing our home and made everything smooth and stress free. We truly appreciated their guidance, responsiveness, and support. Highly recommend!
Soshy J. · Broad run, Virginia
Happy to be a SECU customer!
Mark, Cynthia, and Katina were great to work with. We had an issue with the first house I was supposed to close on due to the seller and the SECUI guided me through the process and easily pivoted when I found a few home to purchase. They were quick to respond, honest, rates were reasonable, and I felt that they had my best interests in mind. Happy to be a SECU customer!
Neeraj · Virginia
Unbeatable Rates; Exceptional Service, and Seamless Closing Experience
I thoroughly enjoyed working with Mark and Cynthia from SECU. Not only did they offer a rate that no one could beat, but their professionalism and attention to detail truly stood out. Mark was exceptionally professional and precise throughout the process, and Cynthia managed everything seamlessly: coordinating with my realtor, the title and closing companies, the underwriter, and the appraiser. We stayed well ahead of schedule for closing, and it was an absolute pleasure partnering with them.
Danni S. · Ashburn, VA
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Figures are drawn from public lending and complaint data and weighted by loan volume.
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