Wells Fargo Bank · Delaware · 2025

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

Wells Fargo Bank took 323 mortgage applications in Delaware in 2025, ranking #40 of 540 lenders active in the state. It originated 57.3% of them and denied 15.8% (21.4% of the applications it decided), against a statewide denial rate of 18.2%.

323Applicationsin DE
21.4%Decision denial ratestate 22.7%
6.38%Median ratestate 6.63%
$265,000Median loanstate $245,000
$70MVolume3 counties

Wells Fargo Bank in Delaware vs the state

15.8%Denial rate-2.37 pts vs state
21.4%Decision denial rate-1.30 pts vs state
57.3%Origination rate-1.91 pts vs state
6.38%Median rate-0.25 pts vs state
0.07Rate spread (pts)-0.20 pts vs state
$102kMedian applicant income
185Loans originated
51Denied

Trend in Delaware

YearApplicationsOriginatedDenial rateMedian rateRank in state
202344824321.4%6.13%#25
202432314622.9%6.50%#37
202532318515.8%6.38%#40

What Wells Fargo Bank lends in Delaware

By loan purpose

Home purchase 180 56% · 12.2% denied
Refinance 39 12% · 7.7% denied
Cash-out refinance 82 25% · 20.7% denied
Home improvement 6 2% · 33.3% denied
Other / HELOC 16 5% · 43.8% denied

By loan type

Conventional 302 93% · 14.9% denied
FHA 17 5% · 29.4% denied
VA 4 1% · 25.0% denied

Why it denied Delaware applicants

Debt-to-income ratio 16 31%
Collateral 14 27%
Credit history 10 20%
Other 6 12%
Insufficient cash 4 8%
Unverifiable information 1 2%

Where in Delaware

Counties with the most Wells Fargo Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
New Castle County 18611030 16.1%
Sussex County 1035816 15.5%
Kent County 34175 14.7%

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%
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: 323 applications in 2025, of which 185 were originated and 51 denied.

15.8% of all applications, or 21.4% of the applications it actually decided on. The Delaware statewide average across all lenders was 18.2%.

The median rate on loans Wells Fargo Bank originated in Delaware in 2025 was 6.38%, against a statewide median of 6.63%.

About this data. Figures are Wells Fargo 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