GTE Federal Credit Union · Delaware · 2025

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

GTE Federal Credit Union took 22 mortgage applications in Delaware in 2025, ranking #176 of 540 lenders active in the state. It originated 72.7% of them and denied 27.3% (27.3% of the applications it decided), against a statewide denial rate of 18.2%.

22Applicationsin DE
27.3%Decision denial ratestate 22.7%
8.75%Median ratestate 6.63%
$105,000Median loanstate $245,000
$2.1MVolume3 counties

GTE Federal Credit Union in Delaware vs the state

27.3%Denial rate+9.11 pts vs state
27.3%Decision denial rate+4.54 pts vs state
72.7%Origination rate+13.54 pts vs state
8.75%Median rate+2.13 pts vs state
1.55Rate spread (pts)+1.27 pts vs state
$132kMedian applicant income
16Loans originated
6Denied

Trend in Delaware

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023211042.9%10.63%#153
2024362227.8%9.88%#133
2025221627.3%8.75%#176

What GTE Federal Credit Union lends in Delaware

By loan purpose

Home purchase 3 14% · 33.3% denied
Refinance 3 14% · 0.0% denied
Home improvement 3 14% · 66.7% denied
Other / HELOC 13 59% · 23.1% denied

By loan type

Conventional 22 100% · 27.3% denied

Why it denied Delaware applicants

Debt-to-income ratio 4 67%
Credit history 2 33%

Where in Delaware

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

CountyApplicationsOriginatedDeniedDenial rate
New Castle County 981 11.1%
Sussex County 835 62.5%
Kent County 550 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: 22 applications in 2025, of which 16 were originated and 6 denied.

27.3% of all applications, or 27.3% of the applications it actually decided on. The Delaware statewide average across all lenders was 18.2%.

The median rate on loans GTE Federal Credit Union originated in Delaware in 2025 was 8.75%, against a statewide median of 6.63%.

About this data. Figures are GTE 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