Delaware Mortgage Lending
479 lenders reporting under HMDA
Statewide mortgage activity. Lenders filed 48,776 HMDA-reported mortgage applications in Delaware in 2024, originating 24,280 loans and denying 8,600. That puts the statewide denial rate at 17.6% and the approval (origination) rate at 49.8%. The average loan amount across Delaware was $274,655 at an average note rate of 7.23%. 479 distinct institutions — banks, credit unions, and independent mortgage companies — filed HMDA data covering activity in the state. Applications span 3 counties and 3 metropolitan areas.
What drives state-level differences. State mortgage denial rates reflect applicant mix more than lender stance. Credit profiles, loan-to-value ratios, debt-to-income, property type, and rural-versus-urban composition all move the number before any lender policy does. Demographic lending data reported under HMDA shows variation across applicant groups — for example, White applicants had an approval rate of 62.6% and denial rate of 17.1%; while Black or African American applicants had an approval rate of 48.7% and denial rate of 27.6%. These are derived race categories as reported by applicants and do not by themselves prove causation; credit score, income, and loan-to-value are not reported in HMDA and drive much of the underlying variation. Top counties by volume include New Castle County, Sussex County, Kent County.
How to read this page. These are aggregate 2024 HMDA disclosures published by the Consumer Financial Protection Bureau — a federal transparency dataset, not a real-time market feed. A state-level number is useful for context but cannot tell you what rate, fees, or underwriting any individual lender will offer a specific borrower. This page is informational data reporting, not financial, legal, or mortgage advice. Shop at least three lenders, compare Loan Estimates line-by-line, and consult a licensed mortgage professional before applying. Data reflects the CFPB HMDA 2024 Snapshot National Loan-Level Dataset; demographic fields reflect derived categories as reported by applicants.
Nearby Lenders in Delaware
Top HMDA-reporting lenders active in Delaware. Compare any two side-by-side for rates, denial rates, and loan mix.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | ROCKET MORTGAGE | 1,498 | 6.2% |
| 2 | WSFS bank | 1,114 | 4.6% |
| 3 | NVR MORTGAGE FINANCE, INC. | 1,017 | 4.2% |
| 4 | Pike Creek Mortgage Services, Inc. | 978 | 4.0% |
| 5 | PNC BANK N.A. | 865 | 3.6% |
Lending by Race in Delaware
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 23,475 | 62.6% | 17.1% |
| Black or African American | 7,701 | 48.7% | 27.6% |
| Asian | 2,439 | 58.5% | 14.8% |
| Joint | 767 | 66.4% | 16.0% |
| American Indian or Alaska Native | 213 | 42.7% | 35.2% |
| 2 or more minority races | 158 | 47.5% | 30.4% |
| Native Hawaiian or Other Pacific Islander | 79 | 45.6% | 36.7% |
Counties in Delaware
| County | Applications | Originated | Denial Rate | Avg Loan |
|---|---|---|---|---|
| New Castle County | 22,895 | 11,199 | 17.9% | $266,629 |
| Sussex County | 15,698 | 8,344 | 15.6% | $303,579 |
| Kent County | 9,895 | 4,593 | 20.4% | $245,961 |
Metro Areas in Delaware
Frequently Asked Questions
How many mortgage applications were filed in Delaware?
What is the mortgage denial rate in Delaware?
What is the average mortgage loan amount in Delaware?
How many mortgage lenders operate in Delaware?
How do mortgage denial rates vary by demographics in Delaware?
Which counties in Delaware have the most mortgage activity?
Mortgage Lending Guides
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. State geography per U.S. Census Bureau standards.
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Demographic data reflects derived categories as reported by applicants. Provided for informational purposes only.
Read our methodology — how this data is sourced, computed, and verified.
