First Federal Bank · Delaware · 2025

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

First Federal Bank took 28 mortgage applications in Delaware in 2025, ranking #163 of 540 lenders active in the state. It originated 39.3% of them and denied 17.9% (29.4% of the applications it decided), against a statewide denial rate of 18.2%.

28Applicationsin DE
29.4%Decision denial ratestate 22.7%
5.63%Median ratestate 6.63%
$375,000Median loanstate $245,000
$4.9MVolume3 counties

First Federal Bank in Delaware vs the state

17.9%Denial rate-0.30 pts vs state
29.4%Decision denial rate+6.68 pts vs state
39.3%Origination rate-19.90 pts vs state
5.63%Median rate-1.00 pts vs state
-0.64Rate spread (pts)-0.91 pts vs state
$156kMedian applicant income
11Loans originated
5Denied

Trend in Delaware

YearApplicationsOriginatedDenial rateMedian rateRank in state
202321129.5%6.94%#157
2024291417.2%6.13%#154
2025281117.9%5.63%#163

What First Federal Bank lends in Delaware

By loan purpose

Home purchase 19 68% · 26.3% denied
Refinance 7 25% · 0.0% denied
Cash-out refinance 1 4% · 0.0% denied
Other / HELOC 1 4% · 0.0% denied

By loan type

Conventional 18 64% · 16.7% denied
FHA 1 4% · 100.0% denied
VA 9 32% · 11.1% denied

Why it denied Delaware applicants

Incomplete application 3 60%
Debt-to-income ratio 2 40%

Where in Delaware

Counties with the most First Federal Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
New Castle County 1652 12.5%
Sussex County 933 33.3%
Kent County 330 0.0%

Other large lenders in Delaware

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 2,38115.5%6.88%
Wilmington Savings Fund SocietyB 1,80116.6%7.25%
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: 28 applications in 2025, of which 11 were originated and 5 denied.

17.9% of all applications, or 29.4% of the applications it actually decided on. The Delaware statewide average across all lenders was 18.2%.

The median rate on loans First Federal Bank originated in Delaware in 2025 was 5.63%, against a statewide median of 6.63%.

About this data. Figures are First Federal 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