Fairway Independent Mortgage · Delaware · 2025

Fairway Independent Mortgage in Delaware: approval rate, denial rate and rates (2025)

Fairway Independent Mortgage took 374 mortgage applications in Delaware in 2025, ranking #35 of 540 lenders active in the state. It originated 80.2% of them and denied 3.5% (4.1% of the applications it decided), against a statewide denial rate of 18.2%.

374Applicationsin DE
4.1%Decision denial ratestate 22.7%
6.63%Median ratestate 6.63%
$385,000Median loanstate $245,000
$120MVolume3 counties

Fairway Independent Mortgage in Delaware vs the state

3.5%Denial rate-14.68 pts vs state
4.1%Decision denial rate-18.59 pts vs state
80.2%Origination rate+21.02 pts vs state
6.63%Median rate0.00 pts vs state
0.33Rate spread (pts)+0.06 pts vs state
$143kMedian applicant income
300Loans originated
13Denied

Trend in Delaware

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234623593.9%6.88%#23
20243562902.5%6.88%#35
20253743003.5%6.63%#35

What Fairway Independent Mortgage lends in Delaware

By loan purpose

Home purchase 314 84% · 3.5% denied
Refinance 26 7% · 0.0% denied
Cash-out refinance 25 7% · 4.0% denied
Home improvement 2 1% · 0.0% denied
Other / HELOC 7 2% · 14.3% denied

By loan type

Conventional 309 83% · 2.6% denied
FHA 42 11% · 9.5% denied
VA 23 6% · 4.4% denied

Why it denied Delaware applicants

Debt-to-income ratio 4 31%
Insufficient cash 3 23%
Employment history 2 15%
Credit history 1 8%
Collateral 1 8%
Mortgage insurance denied 1 8%
Incomplete application 1 8%

Where in Delaware

Counties with the most Fairway Independent Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Sussex County 1761355 2.8%
New Castle County 1621356 3.7%
Kent County 36302 5.6%

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: 374 applications in 2025, of which 300 were originated and 13 denied.

3.5% of all applications, or 4.1% of the applications it actually decided on. The Delaware statewide average across all lenders was 18.2%.

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

About this data. Figures are Fairway Independent Mortgage'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