Lenders › Lower, LLC › Delaware
Lower, LLC in Delaware
HMDA record for properties in Delaware, calendar year 2024. National record · Delaware overview
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
Lower, LLC's 2024 HMDA record for Delaware covers 107 applications, 68 of them originated, worth $20m.
Its denial rate in the state was 12.8%, below the Delaware rate of 25.4% across all lenders and compared with the lender's national rate of 12.7%.
The median rate spread on its Delaware originations was 0.5 percentage points (state median 0.4).
Applications in the state were about level with 2023.
Compared with the state and the lender's national record
| Measure | In Delaware | Delaware, all lenders | Lower, LLC, all states | United States |
|---|---|---|---|---|
| Denial rate | 12.8% | 25.4% | 12.7% | 24.3% |
| Median rate spread, pp | 0.5 | 0.4 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 13.2% | 16.9% | 7.3% | 15.6% |
| Average originated loan | $299k | $289k | $310k | $329k |
| Home purchase share | 63.2% | 56.3% | 81.3% | 57.0% |
| FHA-insured share | 36.8% | 14.8% | 26.1% | 13.4% |
| VA-guaranteed share | 17.6% | 7.7% | 8.2% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateDelaware, all lenders
Loan purpose and loan type in Delaware
By purpose
Home purchase 63% (43)Refinancing 3% (2)Cash-out refinancing 34% (23)
By type
Conventional 46% (31)FHA 37% (25)VA 18% (12)
Denial reasons as coded
Withheld: fewer than 25 denials in the state.
Counties in Delaware
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Sussex County | 40 | 28 | $8.4m | 6.7% |
| Kent County | 30 | 22 | $7.3m | — |
| New Castle County | 37 | 18 | $4.6m | 30.8% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Lower, LLC originate in Delaware in 2024?
68 loans totalling $20m, from 107 applications reported for properties in Delaware.
What is Lower, LLC's denial rate in Delaware?
12.8% of decided applications in Delaware were denied, against 25.4% for all lenders in the state and 12.7% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Delaware counties does Lower, LLC lend in most?
By originations: Sussex County (28), Kent County (22), New Castle County (18).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Delaware. Built 1 Oct 2026; data through 1 Aug 2026. See methodology and corrections.