Meridian Bank · Delaware · 2025

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

Meridian Bank took 790 mortgage applications in Delaware in 2025, ranking #14 of 540 lenders active in the state. It originated 81.0% of them and denied 2.4% (2.9% of the applications it decided), against a statewide denial rate of 18.2%.

790Applicationsin DE
2.9%Decision denial ratestate 22.7%
6.25%Median ratestate 6.63%
$285,000Median loanstate $245,000
$199MVolume3 counties

Meridian Bank in Delaware vs the state

2.4%Denial rate-15.75 pts vs state
2.9%Decision denial rate-19.86 pts vs state
81.0%Origination rate+21.82 pts vs state
6.25%Median rate-0.38 pts vs state
0.25Rate spread (pts)-0.02 pts vs state
$88kMedian applicant income
640Loans originated
19Denied

Trend in Delaware

YearApplicationsOriginatedDenial rateMedian rateRank in state
20237485642.8%6.75%#12
20247396022.3%6.25%#14
20257906402.4%6.25%#14

What Meridian Bank lends in Delaware

By loan purpose

Home purchase 634 80% · 2.4% denied
Refinance 31 4% · 0.0% denied
Cash-out refinance 33 4% · 6.1% denied
Home improvement 61 8% · 1.6% denied
Other / HELOC 31 4% · 3.2% denied

By loan type

Conventional 362 46% · 1.4% denied
FHA 340 43% · 3.2% denied
VA 70 9% · 4.3% denied
USDA / RHS 18 2% · 0.0% denied

Why it denied Delaware applicants

Debt-to-income ratio 7 37%
Collateral 6 32%
Insufficient cash 4 21%
Credit history 2 11%

Where in Delaware

Counties with the most Meridian Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
New Castle County 40433512 3.0%
Sussex County 2201722 0.9%
Kent County 1661335 3.0%

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: 790 applications in 2025, of which 640 were originated and 19 denied.

2.4% of all applications, or 2.9% of the applications it actually decided on. The Delaware statewide average across all lenders was 18.2%.

The median rate on loans Meridian Bank originated in Delaware in 2025 was 6.25%, against a statewide median of 6.63%.

About this data. Figures are Meridian 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