Citizens Bank · Delaware · 2025

Citizens Bank in Delaware: approval rate, denial rate and rates (2025)

Citizens Bank took 1,633 mortgage applications in Delaware in 2025, ranking #3 of 540 lenders active in the state. It originated 59.5% of them and denied 29.3% (32.4% of the applications it decided), against a statewide denial rate of 18.2%.

1.6kApplicationsin DE
32.4%Decision denial ratestate 22.7%
7.65%Median ratestate 6.63%
$135,000Median loanstate $245,000
$177MVolume3 counties

Citizens Bank in Delaware vs the state

29.3%Denial rate+11.17 pts vs state
32.4%Decision denial rate+9.66 pts vs state
59.5%Origination rate+0.33 pts vs state
7.65%Median rate+1.03 pts vs state
0.43Rate spread (pts)+0.16 pts vs state
$95kMedian applicant income
972Loans originated
479Denied

Trend in Delaware

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,78296235.4%8.50%#1
20241,44482130.9%8.90%#5
20251,63397229.3%7.65%#3

What Citizens Bank lends in Delaware

By loan purpose

Home purchase 136 8% · 21.3% denied
Refinance 519 32% · 23.5% denied
Cash-out refinance 22 1% · 18.2% denied
Home improvement 513 31% · 33.7% denied
Other / HELOC 443 27% · 34.1% denied

By loan type

Conventional 1,622 99% · 29.3% denied
FHA 8 0% · 37.5% denied
VA 3 0% · 33.3% denied

Why it denied Delaware applicants

Debt-to-income ratio 251 52%
Collateral 103 22%
Credit history 78 16%
Other 29 6%
Unverifiable information 11 2%
Employment history 6 1%
Insufficient cash 1 0%

Where in Delaware

Counties with the most Citizens Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
New Castle County 914542273 29.9%
Sussex County 450261136 30.2%
Kent County 26916970 26.0%

Other large lenders in Delaware

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 2,38115.5%6.88%
Wilmington Savings Fund SocietyB 1,80116.6%7.25%
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%
Pennymac Loan ServicesC 1,05611.7%6.62%

Frequently asked questions

Delaware: 1,633 applications in 2025, of which 972 were originated and 479 denied.

29.3% of all applications, or 32.4% of the applications it actually decided on. The Delaware statewide average across all lenders was 18.2%.

The median rate on loans Citizens Bank originated in Delaware in 2025 was 7.65%, against a statewide median of 6.63%.

About this data. Figures are Citizens Bank'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