The Federal Savings Bank · Delaware · 2025

The Federal Savings Bank in Delaware: approval rate, denial rate and rates (2025)

The Federal Savings Bank took 137 mortgage applications in Delaware in 2025, ranking #67 of 540 lenders active in the state. It originated 35.0% of them and denied 12.4% (25.4% of the applications it decided), against a statewide denial rate of 18.2%.

137Applicationsin DE
25.4%Decision denial ratestate 22.7%
6.50%Median ratestate 6.63%
$355,000Median loanstate $245,000
$18MVolume3 counties

The Federal Savings Bank in Delaware vs the state

12.4%Denial rate-5.75 pts vs state
25.4%Decision denial rate+2.64 pts vs state
35.0%Origination rate-24.15 pts vs state
6.50%Median rate-0.13 pts vs state
0.31Rate spread (pts)+0.04 pts vs state
$84kMedian applicant income
48Loans originated
17Denied

Trend in Delaware

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023160519.4%6.50%#58
20241204010.0%6.13%#67
20251374812.4%6.50%#67

What The Federal Savings Bank lends in Delaware

By loan purpose

Home purchase 9 7% · 0.0% denied
Refinance 19 14% · 31.6% denied
Cash-out refinance 103 75% · 8.7% denied
Home improvement 2 1% · 50.0% denied
Other / HELOC 4 3% · 25.0% denied

By loan type

Conventional 17 12% · 17.7% denied
FHA 14 10% · 0.0% denied
VA 106 77% · 13.2% denied

Why it denied Delaware applicants

Incomplete application 5 29%
Other 4 24%
Credit history 4 24%
Debt-to-income ratio 2 12%
Collateral 2 12%

Where in Delaware

Counties with the most The Federal Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Kent County 50175 10.0%
New Castle County 45174 8.9%
Sussex County 42148 19.0%

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: 137 applications in 2025, of which 48 were originated and 17 denied.

12.4% of all applications, or 25.4% of the applications it actually decided on. The Delaware statewide average across all lenders was 18.2%.

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

About this data. Figures are The Federal Savings 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