Newrez · Delaware · 2025

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

Newrez took 1,127 mortgage applications in Delaware in 2025, ranking #9 of 540 lenders active in the state. It originated 30.5% of them and denied 18.4% (36.8% of the applications it decided), against a statewide denial rate of 18.2%.

1.1kApplicationsin DE
36.8%Decision denial ratestate 22.7%
6.50%Median ratestate 6.63%
$275,000Median loanstate $245,000
$102MVolume3 counties

Newrez in Delaware vs the state

18.4%Denial rate+0.21 pts vs state
36.8%Decision denial rate+14.04 pts vs state
30.5%Origination rate-28.67 pts vs state
6.50%Median rate-0.13 pts vs state
0.39Rate spread (pts)+0.12 pts vs state
$107kMedian applicant income
344Loans originated
207Denied

Trend in Delaware

YearApplicationsOriginatedDenial rateMedian rateRank in state
202354118219.6%6.75%#18
202486633418.4%6.88%#11
20251,12734418.4%6.50%#9

What Newrez lends in Delaware

By loan purpose

Home purchase 131 12% · 7.6% denied
Refinance 379 34% · 10.6% denied
Cash-out refinance 617 55% · 25.5% denied

By loan type

Conventional 738 65% · 15.0% denied
FHA 267 24% · 31.5% denied
VA 121 11% · 9.1% denied
USDA / RHS 1 0% · 100.0% denied

Why it denied Delaware applicants

Debt-to-income ratio 135 65%
Credit history 29 14%
Unverifiable information 11 5%
Collateral 11 5%
Other 9 4%
Insufficient cash 8 4%
Employment history 4 2%

Where in Delaware

Counties with the most Newrez applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
New Castle County 48913298 20.0%
Sussex County 41614558 13.9%
Kent County 2226751 23.0%

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

Frequently asked questions

Delaware: 1,127 applications in 2025, of which 344 were originated and 207 denied.

18.4% of all applications, or 36.8% of the applications it actually decided on. The Delaware statewide average across all lenders was 18.2%.

The median rate on loans Newrez originated in Delaware in 2025 was 6.50%, against a statewide median of 6.63%.

About this data. Figures are Newrez'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