Manufacturers and Traders Trust · Delaware · 2025

Manufacturers and Traders Trust in Delaware: approval rate, denial rate and rates (2025)

Manufacturers and Traders Trust took 1,337 mortgage applications in Delaware in 2025, ranking #8 of 540 lenders active in the state. It originated 57.4% of them and denied 32.5% (34.8% of the applications it decided), against a statewide denial rate of 18.2%.

1.3kApplicationsin DE
34.8%Decision denial ratestate 22.7%
5.99%Median ratestate 6.63%
$105,000Median loanstate $245,000
$128MVolume3 counties

Manufacturers and Traders Trust in Delaware vs the state

32.5%Denial rate+14.38 pts vs state
34.8%Decision denial rate+12.04 pts vs state
57.4%Origination rate-1.82 pts vs state
5.99%Median rate-0.63 pts vs state
-1.21Rate spread (pts)-1.48 pts vs state
$93kMedian applicant income
767Loans originated
435Denied

Trend in Delaware

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,09264532.1%8.24%#9
20241,19870733.1%8.94%#7
20251,33776732.5%5.99%#8

What Manufacturers and Traders Trust lends in Delaware

By loan purpose

Home purchase 151 11% · 9.9% denied
Refinance 273 20% · 19.8% denied
Cash-out refinance 39 3% · 15.4% denied
Home improvement 612 46% · 40.5% denied
Other / HELOC 262 20% · 42.8% denied

By loan type

Conventional 1,309 98% · 32.5% denied
FHA 27 2% · 33.3% denied
VA 1 0% · 0.0% denied

Why it denied Delaware applicants

Credit history 169 39%
Debt-to-income ratio 140 32%
Other 61 14%
Collateral 60 14%
Employment history 3 1%
Insufficient cash 1 0%
Unverifiable information 1 0%

Where in Delaware

Counties with the most Manufacturers and Traders Trust applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
New Castle County 564332169 30.0%
Sussex County 526312168 31.9%
Kent County 24712398 39.7%

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%
NewrezD 1,12718.4%6.50%
Del-One Federal Credit UnionD 1,07041.3%7.00%
Pennymac Loan ServicesC 1,05611.7%6.62%

Frequently asked questions

Delaware: 1,337 applications in 2025, of which 767 were originated and 435 denied.

32.5% of all applications, or 34.8% of the applications it actually decided on. The Delaware statewide average across all lenders was 18.2%.

The median rate on loans Manufacturers and Traders Trust originated in Delaware in 2025 was 5.99%, against a statewide median of 6.63%.

About this data. Figures are Manufacturers and Traders Trust'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