Wilmington Savings Fund Society · Delaware · 2025

Wilmington Savings Fund Society in Delaware: approval rate, denial rate and rates (2025)

Wilmington Savings Fund Society took 1,801 mortgage applications in Delaware in 2025, ranking #2 of 540 lenders active in the state. It originated 67.2% of them and denied 16.6% (19.5% of the applications it decided), against a statewide denial rate of 18.2%.

1.8kApplicationsin DE
19.5%Decision denial ratestate 22.7%
7.25%Median ratestate 6.63%
$155,000Median loanstate $245,000
$289MVolume3 counties

Wilmington Savings Fund Society in Delaware vs the state

16.6%Denial rate-1.61 pts vs state
19.5%Decision denial rate-3.25 pts vs state
67.2%Origination rate+7.99 pts vs state
7.25%Median rate+0.63 pts vs state
0.04Rate spread (pts)-0.23 pts vs state
$106kMedian applicant income
1,210Loans originated
298Denied

Trend in Delaware

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,60199523.7%8.00%#2
20241,7121,11421.9%8.25%#2
20251,8011,21016.6%7.25%#2

What Wilmington Savings Fund Society lends in Delaware

By loan purpose

Home purchase 480 27% · 5.8% denied
Refinance 411 23% · 14.4% denied
Cash-out refinance 27 1% · 7.4% denied
Home improvement 587 33% · 22.3% denied
Other / HELOC 296 16% · 26.4% denied

By loan type

Conventional 1,741 97% · 16.9% denied
FHA 51 3% · 3.9% denied
VA 9 0% · 11.1% denied

Why it denied Delaware applicants

Debt-to-income ratio 147 49%
Collateral 68 23%
Credit history 58 19%
Incomplete application 16 5%
Employment history 6 2%
Other 2 1%
Insufficient cash 1 0%

Where in Delaware

Counties with the most Wilmington Savings Fund Society applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
New Castle County 1,125769181 16.1%
Sussex County 34924748 13.8%
Kent County 32719469 21.1%

Other large lenders in Delaware

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 2,38115.5%6.88%
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%
Pennymac Loan ServicesC 1,05611.7%6.62%

Frequently asked questions

Delaware: 1,801 applications in 2025, of which 1,210 were originated and 298 denied.

16.6% of all applications, or 19.5% of the applications it actually decided on. The Delaware statewide average across all lenders was 18.2%.

The median rate on loans Wilmington Savings Fund Society originated in Delaware in 2025 was 7.25%, against a statewide median of 6.63%.

About this data. Figures are Wilmington Savings Fund Society'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