Navy Federal Credit Union · Delaware · 2025

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

Navy Federal Credit Union took 743 mortgage applications in Delaware in 2025, ranking #16 of 540 lenders active in the state. It originated 46.3% of them and denied 19.0% (28.7% of the applications it decided), against a statewide denial rate of 18.2%.

743Applicationsin DE
28.7%Decision denial ratestate 22.7%
7.75%Median ratestate 6.63%
$135,000Median loanstate $245,000
$78MVolume3 counties

Navy Federal Credit Union in Delaware vs the state

19.0%Denial rate+0.82 pts vs state
28.7%Decision denial rate+5.93 pts vs state
46.3%Origination rate-12.89 pts vs state
7.75%Median rate+1.13 pts vs state
0.95Rate spread (pts)+0.68 pts vs state
$121kMedian applicant income
344Loans originated
141Denied

Trend in Delaware

YearApplicationsOriginatedDenial rateMedian rateRank in state
202368527228.8%7.56%#13
202475936223.5%8.12%#13
202574334419.0%7.75%#16

What Navy Federal Credit Union lends in Delaware

By loan purpose

Home purchase 205 28% · 5.9% denied
Refinance 47 6% · 2.1% denied
Cash-out refinance 104 14% · 19.2% denied
Home improvement 207 28% · 25.6% denied
Other / HELOC 180 24% · 30.6% denied

By loan type

Conventional 643 87% · 20.1% denied
VA 100 13% · 12.0% denied

Why it denied Delaware applicants

Debt-to-income ratio 46 33%
Other 33 23%
Credit history 29 21%
Collateral 15 11%
Unverifiable information 8 6%
Incomplete application 5 4%
Employment history 3 2%
Insufficient cash 2 1%

Where in Delaware

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

CountyApplicationsOriginatedDeniedDenial rate
New Castle County 34815871 20.4%
Sussex County 21510729 13.5%
Kent County 1807941 22.8%

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: 743 applications in 2025, of which 344 were originated and 141 denied.

19.0% of all applications, or 28.7% of the applications it actually decided on. The Delaware statewide average across all lenders was 18.2%.

The median rate on loans Navy Federal Credit Union originated in Delaware in 2025 was 7.75%, against a statewide median of 6.63%.

About this data. Figures are Navy 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