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Sussex County, Delaware · 2025

Mortgage lenders in Sussex County, DE: denial rates and top lenders (2025)

424 lenders acted on 15,003 mortgage applications for properties in Sussex County in 2025. 16.5% were denied (Delaware: 18.2%). Median rate on closed loans 6.63%; median loan $275,000; median property value $475,000.

15kApplications
16.5%Denial ratestate 18.2%
6.63%Median ratestate 6.63%
$275,000Median loan
$475,000Median property value

Largest lenders in Sussex County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 NVR Mortgage Finance B 871648 16.0%6.63%
2 Rocket Mortgage C 756569 15.9%6.75%
3 Manufacturers and Traders Trust C 526312 31.9%5.99%
4 Loandepot.Com D 455336 8.6%6.88%
5 Citizens Bank C 450261 30.2%7.40%
6 PNC Bank D 432255 24.8%7.49%
7 Newrez D 416145 13.9%6.50%
8 United Shore Financial Services B 379292 10.0%6.12%
9 Vanderbilt Mortgage and Finance F 37914 50.1%10.50%
10 Wilmington Savings Fund Society B 349247 13.8%7.25%
11 Pennymac Loan Services C 333158 11.7%6.63%
12 CMG Mortgage A 324262 0.9%6.75%
13 Lennar Mortgage A 311229 10.3%6.63%
14 Del-One Federal Credit Union D 293140 40.3%7.00%
15 Capital Bank B 258213 1.6%6.62%
16 Dhi Mortgage Company B 258190 8.5%6.38%
17 K. Hovnanian American Mortgage B 254200 7.5%6.50%
18 Fulton Bank C 241148 20.3%6.49%
19 Meridian Bank B 220172 0.9%6.25%
20 Navy Federal Credit Union D 215107 13.5%7.38%
21 Bank of America F 21096 23.8%6.06%
22 Guild Mortgage A 197152 4.1%6.63%
23 Broker Solutions D 19555 13.9%6.88%
24 Embrace Home Loans A 189150 3.7%6.75%
25 Freedom Mortgage B 18674 14.0%6.00%

Best approval odds in Sussex County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Union Home Mortgage520.0%
2NFM510.0%
3CMG Mortgage2861.1%
4Meridian Bank1751.1%
5Direct Mortgage Loans621.6%
6Capital Bank2171.8%
7Guaranteed Rate Affinity593.4%
8Pike Creek Mortgage Services1133.5%
9Fairway Independent Mortgage1403.6%
10Prosperity Home Mortgage823.7%

What Sussex County borrowers applied for

By loan purpose

Home purchase 7,953 53% · 10.5% denied
Refinance 2,023 13% · 13.3% denied
Cash-out refinance 2,147 14% · 20.9% denied
Home improvement 1,400 9% · 30.9% denied
Other / HELOC 1,480 10% · 32.8% denied

By loan type

Conventional 11,962 80% · 16.5% denied
FHA 1,957 13% · 18.7% denied
VA 1,034 7% · 12.3% denied
USDA / RHS 50 0% · 18.0% denied

Why applications were denied

Debt-to-income ratio 843 34%
Credit history 553 22%
Collateral 361 15%
Incomplete application 276 11%
Other 223 9%
Unverifiable information 143 6%
Insufficient cash 44 2%
Employment history 22 1%

Sussex County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202312,4517,58718.1%6.76%$245,000
202413,6928,34617.9%6.88%$255,000
202515,0039,16416.5%6.63%$275,000

Frequently asked questions

16.5% of applications in Sussex County were denied in 2025, against 18.2% statewide in Delaware.

NVR Mortgage Finance, with 871 applications in 2025 and a denial rate of 16.0%.

The median mortgage application in Sussex County in 2025 was for $275,000; the median property value on originated loans was $475,000.