USAA Federal Savings Bank · Delaware · 2025

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

USAA Federal Savings Bank took 104 mortgage applications in Delaware in 2025, ranking #81 of 540 lenders active in the state. It originated 42.3% of them and denied 29.8% (40.8% of the applications it decided), against a statewide denial rate of 18.2%.

104Applicationsin DE
40.8%Decision denial ratestate 22.7%
6.50%Median ratestate 6.63%
$345,000Median loanstate $245,000
$15MVolume3 counties

USAA Federal Savings Bank in Delaware vs the state

29.8%Denial rate+11.65 pts vs state
40.8%Decision denial rate+18.06 pts vs state
42.3%Origination rate-16.88 pts vs state
6.50%Median rate-0.13 pts vs state
-0.17Rate spread (pts)-0.44 pts vs state
$128kMedian applicant income
44Loans originated
31Denied

Trend in Delaware

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023813527.2%6.50%#88
2024813133.3%6.38%#87
20251044429.8%6.50%#81

What USAA Federal Savings Bank lends in Delaware

By loan purpose

Home purchase 68 65% · 27.9% denied
Refinance 12 12% · 33.3% denied
Cash-out refinance 23 22% · 30.4% denied
Home improvement 1 1% · 100.0% denied

By loan type

Conventional 46 44% · 32.6% denied
VA 58 56% · 27.6% denied

Why it denied Delaware applicants

Incomplete application 13 42%
Debt-to-income ratio 7 23%
Credit history 4 13%
Other 3 10%
Insufficient cash 2 6%
Collateral 2 6%

Where in Delaware

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

CountyApplicationsOriginatedDeniedDenial rate
New Castle County 441314 31.8%
Sussex County 33199 27.3%
Kent County 27128 29.6%

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: 104 applications in 2025, of which 44 were originated and 31 denied.

29.8% of all applications, or 40.8% of the applications it actually decided on. The Delaware statewide average across all lenders was 18.2%.

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

About this data. Figures are USAA 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