Philadelphia Federal Credit Union · Delaware · 2025

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

Philadelphia Federal Credit Union took 48 mortgage applications in Delaware in 2025, ranking #121 of 540 lenders active in the state. It originated 50.0% of them and denied 37.5% (40.0% of the applications it decided), against a statewide denial rate of 18.2%.

48Applicationsin DE
40.0%Decision denial ratestate 22.7%
7.25%Median ratestate 6.63%
$55,000Median loanstate $245,000
$2.3MVolume3 counties

Philadelphia Federal Credit Union in Delaware vs the state

37.5%Denial rate+19.34 pts vs state
40.0%Decision denial rate+17.27 pts vs state
50.0%Origination rate-9.19 pts vs state
7.25%Median rate+0.63 pts vs state
0.69Rate spread (pts)+0.42 pts vs state
$88kMedian applicant income
24Loans originated
18Denied

Trend in Delaware

YearApplicationsOriginatedDenial rateMedian rateRank in state
202321657.1%7.50%#156
2024411943.9%7.74%#126
2025482437.5%7.25%#121

What Philadelphia Federal Credit Union lends in Delaware

By loan purpose

Refinance 7 15% · 57.1% denied
Home improvement 27 56% · 33.3% denied
Other / HELOC 14 29% · 35.7% denied

By loan type

Conventional 48 100% · 37.5% denied

Why it denied Delaware applicants

Debt-to-income ratio 11 61%
Unverifiable information 4 22%
Collateral 2 11%
Incomplete application 1 6%

Where in Delaware

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

CountyApplicationsOriginatedDeniedDenial rate
New Castle County 372013 35.1%
Kent County 1045 50.0%
Sussex County 100 0.0%

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: 48 applications in 2025, of which 24 were originated and 18 denied.

37.5% of all applications, or 40.0% of the applications it actually decided on. The Delaware statewide average across all lenders was 18.2%.

The median rate on loans Philadelphia Federal Credit Union originated in Delaware in 2025 was 7.25%, against a statewide median of 6.63%.

About this data. Figures are Philadelphia 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