Dover Federal Credit Union · Delaware · 2025

Dover Federal Credit Union in Delaware: approval rate, denial rate and rates (2025)

Dover Federal Credit Union took 252 mortgage applications in Delaware in 2025, ranking #46 of 540 lenders active in the state. It originated 54.8% of them and denied 34.1% (38.2% of the applications it decided), against a statewide denial rate of 18.2%.

252Applicationsin DE
38.2%Decision denial ratestate 22.7%
7.15%Median ratestate 6.63%
$85,000Median loanstate $245,000
$20MVolume3 counties

Dover Federal Credit Union in Delaware vs the state

34.1%Denial rate+15.97 pts vs state
38.2%Decision denial rate+15.49 pts vs state
54.8%Origination rate-4.43 pts vs state
7.15%Median rate+0.53 pts vs state
1.07Rate spread (pts)+0.80 pts vs state
$101kMedian applicant income
138Loans originated
86Denied

Trend in Delaware

YearApplicationsOriginatedDenial rateMedian rateRank in state
202333718041.0%7.40%#33
202422913930.6%7.50%#46
202525213834.1%7.15%#46

What Dover Federal Credit Union lends in Delaware

By loan purpose

Home purchase 42 17% · 7.1% denied
Refinance 51 20% · 25.5% denied
Cash-out refinance 18 7% · 22.2% denied
Home improvement 66 26% · 39.4% denied
Other / HELOC 75 30% · 53.3% denied

By loan type

Conventional 252 100% · 34.1% denied

Why it denied Delaware applicants

Credit history 34 40%
Debt-to-income ratio 33 38%
Other 13 15%
Unverifiable information 4 5%
Collateral 2 2%

Where in Delaware

Counties with the most Dover Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Kent County 1488647 31.8%
New Castle County 723527 37.5%
Sussex County 321712 37.5%

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: 252 applications in 2025, of which 138 were originated and 86 denied.

34.1% of all applications, or 38.2% of the applications it actually decided on. The Delaware statewide average across all lenders was 18.2%.

The median rate on loans Dover Federal Credit Union originated in Delaware in 2025 was 7.15%, against a statewide median of 6.63%.

About this data. Figures are Dover Federal Credit Union'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