PNC Bank · Delaware · 2025

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

PNC Bank took 1,492 mortgage applications in Delaware in 2025, ranking #4 of 540 lenders active in the state. It originated 58.1% of them and denied 25.1% (29.5% of the applications it decided), against a statewide denial rate of 18.2%.

1.5kApplicationsin DE
29.5%Decision denial ratestate 22.7%
7.50%Median ratestate 6.63%
$105,000Median loanstate $245,000
$136MVolume3 counties

PNC Bank in Delaware vs the state

25.1%Denial rate+6.97 pts vs state
29.5%Decision denial rate+6.75 pts vs state
58.1%Origination rate-1.08 pts vs state
7.50%Median rate+0.88 pts vs state
0.32Rate spread (pts)+0.05 pts vs state
$100kMedian applicant income
867Loans originated
375Denied

Trend in Delaware

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,56689724.5%8.66%#3
20241,54886525.7%9.02%#3
20251,49286725.1%7.50%#4

What PNC Bank lends in Delaware

By loan purpose

Home purchase 118 8% · 17.0% denied
Refinance 410 27% · 20.7% denied
Cash-out refinance 18 1% · 22.2% denied
Home improvement 499 33% · 30.3% denied
Other / HELOC 447 30% · 25.7% denied

By loan type

Conventional 1,483 99% · 25.2% denied
FHA 7 0% · 28.6% denied
VA 2 0% · 0.0% denied

Why it denied Delaware applicants

Debt-to-income ratio 148 39%
Credit history 132 35%
Incomplete application 43 11%
Collateral 39 10%
Other 8 2%
Insufficient cash 3 1%
Unverifiable information 1 0%
Employment history 1 0%

Where in Delaware

Counties with the most PNC Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
New Castle County 847507194 22.9%
Sussex County 432255107 24.8%
Kent County 21310574 34.7%

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%
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%
Pennymac Loan ServicesC 1,05611.7%6.62%

Frequently asked questions

Delaware: 1,492 applications in 2025, of which 867 were originated and 375 denied.

25.1% of all applications, or 29.5% of the applications it actually decided on. The Delaware statewide average across all lenders was 18.2%.

The median rate on loans PNC Bank originated in Delaware in 2025 was 7.50%, against a statewide median of 6.63%.

About this data. Figures are PNC Bank'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