TOWER Federal Credit Union in Delaware vs the state
20.4%Denial rate+2.25 pts vs state
24.7%Decision denial rate+1.96 pts vs state
62.2%Origination rate+3.05 pts vs state
7.00%Median rate+0.38 pts vs state
-0.22Rate spread (pts)-0.49 pts vs state
$148kMedian applicant income
61Loans originated
20Denied
Trend in Delaware
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 110 | 69 | 25.5% | 7.00% | #74 |
| 2024 | 110 | 73 | 21.8% | 7.99% | #72 |
| 2025 | 98 | 61 | 20.4% | 7.00% | #86 |
What TOWER Federal Credit Union lends in Delaware
By loan purpose
By loan type
Why it denied Delaware applicants
Where in Delaware
Counties with the most TOWER Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Sussex County | 66 | 43 | 9 | 13.6% |
| New Castle County | 28 | 15 | 10 | 35.7% |
| Kent County | 4 | 3 | 1 | 25.0% |
Other large lenders in Delaware
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 2,381 | 15.5% | 6.88% |
| Wilmington Savings Fund Society | B | 1,801 | 16.6% | 7.25% |
| Citizens Bank | C | 1,633 | 29.3% | 7.65% |
| PNC Bank | D | 1,492 | 25.1% | 7.50% |
| NVR Mortgage Finance | B | 1,414 | 18.7% | 6.63% |
| United Shore Financial Services | B | 1,408 | 13.0% | 6.13% |
| Pike Creek Mortgage Services | B | 1,383 | 2.2% | 6.38% |
| Manufacturers and Traders Trust | C | 1,337 | 32.5% | 5.99% |
| Newrez | D | 1,127 | 18.4% | 6.50% |
| Del-One Federal Credit Union | D | 1,070 | 41.3% | 7.00% |
Frequently asked questions
Delaware: 98 applications in 2025, of which 61 were originated and 20 denied.
20.4% of all applications, or 24.7% of the applications it actually decided on. The Delaware statewide average across all lenders was 18.2%.
The median rate on loans TOWER Federal Credit Union originated in Delaware in 2025 was 7.00%, against a statewide median of 6.63%.
About this data. Figures are TOWER 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