Wilmington, DE-MD-NJ Metro Area Mortgage Lenders & HMDA Data, 2020
In 2020, lenders reported 55,626 mortgage applications in Wilmington, DE-MD-NJ metro area totaling $13.8 billion, up 43% from 2019. The average application was for $247,480, and applicants reported an average income of $109,621. 56% of applications resulted in an originated loan and 11% were denied. The most active lender was Pike Creek Mortgage Services, Inc., with 2,716 applications, followed by Wells Fargo Bank NA and Freedom Mortgage Corporation.
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| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 |
| Total Number of Mortgage Applications | 55,626 |
| Total Mortgage Loan Application Amount | $13,766,335,000 |
| Average Mortgage Loan Application Amount | $247,480 |
| Highest Mortgage Loan Application Amount | $80,925,000 |
| Average Applicant Income | $109,621 |
| Highest Applicant Income | $8,441,000 |
Top Mortgage Lenders in Wilmington, DE-MD-NJ Metro Area (2020)
Ranked by the number of mortgage applications each lender reported in Wilmington, DE-MD-NJ metro area in 2020.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Pike Creek Mortgage Services, Inc. Newark, DE |
2,716 | $674,930,000 | $248,000 | $102,000 |
| 2 | Wells Fargo Bank NA Minneapolis, MN |
2,187 | $516,065,000 | $235,000 | $128,000 |
| 3 | Freedom Mortgage Corporation Boca Raton, FL |
1,759 | $418,925,000 | $238,000 | $102,000 |
| 4 | Wsfs Bank Wilmington, DE |
1,427 | $264,815,000 | $185,000 | $136,000 |
| 5 | Lakeview Loan Servicing, LLC Coral Gables, FL |
1,345 | $302,455,000 | $224,000 | $60,000 |
| 6 | PNC Bank N.A. Pittsburgh, PA |
1,199 | $233,255,000 | $194,000 | $129,000 |
| 7 | Newrez LLC Fort Washington, PA |
1,172 | $282,005,000 | $240,000 | $115,000 |
| 8 | Amerihome Mortgage Company, LLC Thousand Oaks, CA |
1,031 | $274,455,000 | $266,000 | $107,000 |
| 9 | Citizens Bank, NA Providence, RI |
999 | $180,935,000 | $181,000 | $113,000 |
| 10 | JPMorgan Chase Bank, NA Columbus, OH |
985 | $246,855,000 | $250,000 | $116,000 |
See every lender active in Wilmington, DE-MD-NJ metro area in 2020 »
The tables below break down 2020 mortgage applications in Wilmington, DE-MD-NJ metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Wilmington, DE-MD-NJ in 2020
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Refinancing | 25,879 | $6,933,895,000 | $267,000 | $61,255,000 | $117,000 | $4,716,000 |
| Home Purchase | 18,359 | $4,790,635,000 | $260,000 | $80,925,000 | $98,000 | $2,919,000 |
| Cash-out Refinancing | 6,147 | $1,451,450,000 | $236,000 | $8,405,000 | $112,000 | $8,441,000 |
| Home Improvement | 2,408 | $201,530,000 | $83,000 | $1,205,000 | $120,000 | $2,268,000 |
| Not Applicable | 1,460 | $245,700,000 | $168,000 | $915,000 | $60,000 | $200,000 |
| Other Purpose | 1,373 | $143,125,000 | $104,000 | $3,705,000 | $128,000 | $7,083,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 30,196 | $6,934,955,000 | $229,000 | $4,005,000 | $114,000 | $7,083,000 |
| Not Provided | 7,106 | $1,664,660,000 | $234,000 | $2,855,000 | $113,000 | $8,441,000 |
| Black or African American | 7,054 | $1,606,990,000 | $227,000 | $975,000 | $90,000 | $4,716,000 |
| Not applicable | 5,809 | $2,215,155,000 | $381,000 | $80,925,000 | $103,000 | $965,000 |
| Asian | 2,360 | $653,390,000 | $276,000 | $2,565,000 | $131,000 | $1,621,000 |
| Hispanic | 2,325 | $489,635,000 | $210,000 | $1,325,000 | $79,000 | $2,196,000 |
| American Indian or Alaskan Native | 181 | $40,455,000 | $223,000 | $515,000 | $87,000 | $323,000 |
| Native Hawaiian or Other Pacific Islander | 50 | $11,090,000 | $221,000 | $415,000 | $103,000 | $700,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 38,641 | $9,648,000,000 | $249,000 | $80,925,000 | $119,000 | $8,441,000 |
| FHA-insured (Federal Housing Administration) | 10,938 | $2,458,960,000 | $224,000 | $36,545,000 | $68,000 | $2,299,000 |
| VA-guaranteed (Veterans Administration) | 5,155 | $1,456,125,000 | $282,000 | $815,000 | $80,000 | $428,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 892 | $203,250,000 | $227,000 | $465,000 | $68,000 | $240,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 30,929 | $8,187,715,000 | $264,000 | $80,925,000 | $112,000 | $8,441,000 |
| Loan Purchased By The Institution | 7,760 | $1,824,660,000 | $235,000 | $2,855,000 | $100,000 | $2,053,000 |
| Application Withdrawn By Applicant | 6,500 | $1,623,275,000 | $249,000 | $36,005,000 | $113,000 | $2,196,000 |
| Application Denied By Financial Institution | 6,071 | $1,166,705,000 | $192,000 | $42,005,000 | $99,000 | $7,083,000 |
| File Closed For Incompleteness | 3,259 | $711,865,000 | $218,000 | $2,585,000 | $109,000 | $4,716,000 |
| Application Approved But Not Accepted | 1,091 | $248,445,000 | $227,000 | $1,805,000 | $109,000 | $1,633,000 |
| Preapproval Denied by Financial Institution | 9 | $2,125,000 | $236,000 | $365,000 | $54,000 | $124,000 |
| Preapproval Approved but not Accepted | 7 | $1,545,000 | $220,000 | $385,000 | $121,000 | $552,000 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 48,986 | $12,453,025,000 | $254,000 | $80,925,000 | $111,000 | $8,441,000 |
| Debt-To-Income Ratio | 2,106 | $433,780,000 | $205,000 | $10,005,000 | $84,000 | $1,100,000 |
| Credit History | 1,559 | $239,405,000 | $153,000 | $1,655,000 | $99,000 | $2,911,000 |
| Credit Application Incomplete | 1,020 | $235,460,000 | $230,000 | $1,215,000 | $119,000 | $2,299,000 |
| Collateral | 853 | $184,565,000 | $216,000 | $42,005,000 | $126,000 | $4,362,000 |
| Other | 635 | $120,965,000 | $190,000 | $1,475,000 | $115,000 | $7,083,000 |
| Unverifiable Information | 235 | $45,675,000 | $194,000 | $595,000 | $105,000 | $1,385,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 126 | $30,210,000 | $239,000 | $905,000 | $102,000 | $850,000 |
| Employment History | 104 | $23,090,000 | $222,000 | $1,135,000 | $75,000 | $468,000 |
| Mortgage Insurance Denied | 2 | $160,000 | $80,000 | $125,000 | $100,000 | $144,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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