New Day Financial · Delaware · 2025

New Day Financial in Delaware: approval rate, denial rate and rates (2025)

New Day Financial took 238 mortgage applications in Delaware in 2025, ranking #51 of 540 lenders active in the state. It originated 18.5% of them and denied 27.3% (58.6% of the applications it decided), against a statewide denial rate of 18.2%.

238Applicationsin DE
58.6%Decision denial ratestate 22.7%
6.87%Median ratestate 6.63%
$325,000Median loanstate $245,000
$14MVolume3 counties

New Day Financial in Delaware vs the state

27.3%Denial rate+9.15 pts vs state
58.6%Decision denial rate+35.83 pts vs state
18.5%Origination rate-40.70 pts vs state
6.87%Median rate+0.25 pts vs state
0.87Rate spread (pts)+0.60 pts vs state
$74kMedian applicant income
44Loans originated
65Denied

Trend in Delaware

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231702927.1%7.49%#55
20242374122.8%7.75%#44
20252384427.3%6.87%#51

What New Day Financial lends in Delaware

By loan purpose

Home purchase 5 2% · 0.0% denied
Refinance 24 10% · 8.3% denied
Cash-out refinance 205 86% · 30.7% denied
Other / HELOC 4 2% · 0.0% denied

By loan type

FHA 7 3% · 28.6% denied
VA 231 97% · 27.3% denied

Why it denied Delaware applicants

Credit history 38 58%
Debt-to-income ratio 20 31%
Collateral 6 9%
Other 1 2%

Where in Delaware

Counties with the most New Day Financial applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Kent County 851618 21.2%
New Castle County 781327 34.6%
Sussex County 751520 26.7%

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%
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: 238 applications in 2025, of which 44 were originated and 65 denied.

27.3% of all applications, or 58.6% of the applications it actually decided on. The Delaware statewide average across all lenders was 18.2%.

The median rate on loans New Day Financial originated in Delaware in 2025 was 6.87%, against a statewide median of 6.63%.

About this data. Figures are New Day Financial'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