Pennymac Loan Services · Delaware · 2025

Pennymac Loan Services in Delaware: approval rate, denial rate and rates (2025)

Pennymac Loan Services took 1,056 mortgage applications in Delaware in 2025, ranking #11 of 540 lenders active in the state. It originated 45.7% of them and denied 11.7% (19.6% of the applications it decided), against a statewide denial rate of 18.2%.

1.1kApplicationsin DE
19.6%Decision denial ratestate 22.7%
6.62%Median ratestate 6.63%
$265,000Median loanstate $245,000
$124MVolume3 counties

Pennymac Loan Services in Delaware vs the state

11.7%Denial rate-6.51 pts vs state
19.6%Decision denial rate-3.11 pts vs state
45.7%Origination rate-13.45 pts vs state
6.62%Median rate0.00 pts vs state
0.32Rate spread (pts)+0.05 pts vs state
$101kMedian applicant income
483Loans originated
123Denied

Trend in Delaware

YearApplicationsOriginatedDenial rateMedian rateRank in state
202354525318.5%6.88%#16
202473533314.6%6.62%#15
20251,05648311.7%6.62%#11

What Pennymac Loan Services lends in Delaware

By loan purpose

Home purchase 129 12% · 12.4% denied
Refinance 356 34% · 5.1% denied
Cash-out refinance 289 27% · 15.6% denied
Other / HELOC 282 27% · 15.6% denied

By loan type

Conventional 574 54% · 12.0% denied
FHA 371 35% · 12.9% denied
VA 108 10% · 3.7% denied
USDA / RHS 3 0% · 66.7% denied

Why it denied Delaware applicants

Credit history 34 28%
Debt-to-income ratio 30 24%
Collateral 25 20%
Incomplete application 16 13%
Unverifiable information 9 7%
Insufficient cash 7 6%
Other 2 2%

Where in Delaware

Counties with the most Pennymac Loan Services applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
New Castle County 45720464 14.0%
Sussex County 33315839 11.7%
Kent County 26612120 7.5%

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: 1,056 applications in 2025, of which 483 were originated and 123 denied.

11.7% of all applications, or 19.6% of the applications it actually decided on. The Delaware statewide average across all lenders was 18.2%.

The median rate on loans Pennymac Loan Services originated in Delaware in 2025 was 6.62%, against a statewide median of 6.63%.

About this data. Figures are Pennymac Loan Services'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