Discover Bank · Delaware · 2025

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

Discover Bank took 415 mortgage applications in Delaware in 2025, ranking #32 of 540 lenders active in the state. It originated 18.3% of them and denied 53.0% (73.6% of the applications it decided), against a statewide denial rate of 18.2%.

415Applicationsin DE
73.6%Decision denial ratestate 22.7%
8.65%Median ratestate 6.63%
$65,000Median loanstate $245,000
$6.5MVolume3 counties

Discover Bank in Delaware vs the state

53.0%Denial rate+34.85 pts vs state
73.6%Decision denial rate+50.85 pts vs state
18.3%Origination rate-40.88 pts vs state
8.65%Median rate+2.03 pts vs state
2.16Rate spread (pts)+1.89 pts vs state
$106kMedian applicant income
76Loans originated
220Denied

Trend in Delaware

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,17420246.3%9.74%#6
20241,25324549.6%8.84%#6
20254157653.0%8.65%#32

What Discover Bank lends in Delaware

By loan purpose

Home purchase 25 6% · 44.0% denied
Refinance 65 16% · 52.3% denied
Home improvement 115 28% · 47.0% denied
Other / HELOC 210 51% · 57.6% denied

By loan type

Conventional 415 100% · 53.0% denied

Why it denied Delaware applicants

Credit history 120 55%
Incomplete application 35 16%
Debt-to-income ratio 29 13%
Other 18 8%
Collateral 15 7%
Employment history 2 1%
Unverifiable information 1 0%

Where in Delaware

Counties with the most Discover Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
New Castle County 21642113 52.3%
Sussex County 1181858 49.2%
Kent County 811649 60.5%

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: 415 applications in 2025, of which 76 were originated and 220 denied.

53.0% of all applications, or 73.6% of the applications it actually decided on. The Delaware statewide average across all lenders was 18.2%.

The median rate on loans Discover Bank originated in Delaware in 2025 was 8.65%, against a statewide median of 6.63%.

About this data. Figures are Discover 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