Carrington Mortgage Services · Delaware · 2025

Carrington Mortgage Services in Delaware: approval rate, denial rate and rates (2025)

Carrington Mortgage Services took 243 mortgage applications in Delaware in 2025, ranking #50 of 540 lenders active in the state. It originated 32.1% of them and denied 49.8% (58.5% of the applications it decided), against a statewide denial rate of 18.2%.

243Applicationsin DE
58.5%Decision denial ratestate 22.7%
6.63%Median ratestate 6.63%
$185,000Median loanstate $245,000
$14MVolume3 counties

Carrington Mortgage Services in Delaware vs the state

49.8%Denial rate+31.63 pts vs state
58.5%Decision denial rate+35.72 pts vs state
32.1%Origination rate-27.09 pts vs state
6.63%Median rate0.00 pts vs state
0.87Rate spread (pts)+0.60 pts vs state
$83kMedian applicant income
78Loans originated
121Denied

Trend in Delaware

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232166140.3%6.63%#46
20241904746.8%6.13%#50
20252437849.8%6.63%#50

What Carrington Mortgage Services lends in Delaware

By loan purpose

Home purchase 8 3% · 37.5% denied
Refinance 21 9% · 42.9% denied
Cash-out refinance 214 88% · 50.9% denied

By loan type

Conventional 107 44% · 46.7% denied
FHA 112 46% · 55.4% denied
VA 24 10% · 37.5% denied

Why it denied Delaware applicants

Incomplete application 94 78%
Credit history 8 7%
Other 7 6%
Debt-to-income ratio 7 6%
Insufficient cash 3 2%
Collateral 2 2%

Where in Delaware

Counties with the most Carrington Mortgage Services applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
New Castle County 1404672 51.4%
Kent County 592224 40.7%
Sussex County 441025 56.8%

Other large lenders in Delaware

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 2,38115.5%6.88%
Wilmington Savings Fund SocietyB 1,80116.6%7.25%
Citizens BankC 1,63329.3%7.65%
PNC BankD 1,49225.1%7.50%
NVR Mortgage FinanceB 1,41418.7%6.63%
United Shore Financial ServicesB 1,40813.0%6.13%
Pike Creek Mortgage ServicesB 1,3832.2%6.38%
Manufacturers and Traders TrustC 1,33732.5%5.99%
NewrezD 1,12718.4%6.50%
Del-One Federal Credit UnionD 1,07041.3%7.00%

Frequently asked questions

Delaware: 243 applications in 2025, of which 78 were originated and 121 denied.

49.8% of all applications, or 58.5% of the applications it actually decided on. The Delaware statewide average across all lenders was 18.2%.

The median rate on loans Carrington Mortgage Services originated in Delaware in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are Carrington Mortgage Services's own HMDA filing for properties located in Delaware, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology