Discover Bank · District of Columbia · 2025

Discover Bank in District of Columbia: approval rate, denial rate and rates (2025)

Discover Bank took 40 mortgage applications in District of Columbia in 2025, ranking #85 of 473 lenders active in the state. It originated 7.5% of them and denied 60.0% (88.9% of the applications it decided), against a statewide denial rate of 18.1%.

40Applicationsin DC
88.9%Decision denial ratestate 23.7%
9.00%Median ratestate 6.50%
$75,000Median loanstate $405,000
$315kVolume1 counties

Discover Bank in District of Columbia vs the state

60.0%Denial rate+41.94 pts vs state
88.9%Decision denial rate+65.15 pts vs state
7.5%Origination rate-48.01 pts vs state
9.00%Median rate+2.50 pts vs state
2.35Rate spread (pts)+2.30 pts vs state
$145kMedian applicant income
3Loans originated
24Denied

Trend in District of Columbia

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232222255.0%8.67%#17
20241832361.8%8.86%#24
202540360.0%9.00%#85

What Discover Bank lends in District of Columbia

By loan purpose

Home purchase 1 3% · 100.0% denied
Refinance 6 15% · 50.0% denied
Home improvement 11 28% · 45.5% denied
Other / HELOC 22 55% · 68.2% denied

By loan type

Conventional 40 100% · 60.0% denied

Why it denied District of Columbia applicants

Credit history 9 38%
Incomplete application 5 21%
Debt-to-income ratio 4 17%
Other 4 17%
Collateral 2 8%

Where in District of Columbia

Counties with the most Discover Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
District of Columbia 40324 60.0%

Other large lenders in District of Columbia

LenderGradeApplicationsDenial rateMedian rate
Navy Federal Credit UnionD 78628.5%7.75%
Rocket MortgageC 67120.7%6.63%
Bank of AmericaF 54633.2%5.99%
First Savings MortgageA 5440.9%6.50%
Truist BankC 52941.2%6.25%
PNC BankD 46731.5%6.25%
JPMorgan Chase BankB 4597.6%6.38%
CitibankB 4179.6%6.00%
First Home MortgageB 3592.5%6.63%
NewrezD 35323.5%6.63%

Frequently asked questions

District of Columbia: 40 applications in 2025, of which 3 were originated and 24 denied.

60.0% of all applications, or 88.9% of the applications it actually decided on. The District of Columbia statewide average across all lenders was 18.1%.

The median rate on loans Discover Bank originated in District of Columbia in 2025 was 9.00%, against a statewide median of 6.50%.

About this data. Figures are Discover Bank's own HMDA filing for properties located in District of Columbia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology