DOVER Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Dover averaged
6.87%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.7% and
one month ago for the week of 2024-10-03, the
average rate was 6.3%.
Dover's average rate one year ago was 7.74%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.42%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Dover 30 Year Fixed Rate | 2024-11-07 | 6.87% |
| Dover 30 Year Fixed Rate Refi | 2024-11-07 | 7.42% |
| Dover 15 Year Fixed Rate | 2024-11-07 | 6% |
| Dover 15 Year Fixed Rate Refi | 2024-11-07 | 6.1% |
| Dover 30 Year FHA | 2024-11-07 | 6.29% |
| Dover 30 Year FHA Refi | 2024-11-07 | 6.53% |
| Dover 30 Year USDA | 2024-11-07 | 6.28% |
| Dover 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Dover 30 Year VA | 2024-11-07 | 6.06% |
| Dover 30 Year VA Refi | 2024-11-07 | 6.24% |
DOVER Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the DOVER, DE market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
DOVER Average Closing Costs & Other Stats
DOVER, DE's 130 lenders originated 4,121
loans during 2023. The total origination value was $1,039,085,000, with an average loan value of
$252,144.
DOVER's average closing costs are $6,999.
The top DOVER lender as defined by loan originations is PIKE CREEK MORTGAGE SERVICES, INC., with
79 loans originated. Their average total fees are
$10,006, which is $1,738
higher than the next largest lender,
NFM, INC..
The lowest fee DOVER lenders (with over 10 loans originated) are
DEL-ONE FEDERAL CREDIT UNION ($2,869), Wells Fargo Bank ($3,777), TD Bank ($3,876), DHI MORTGAGE COMPANY, LTD. ($4,704) and M&T Bank ($4,798).
The lowest rate DOVER lenders (with over 10 loans originated) are
DHI MORTGAGE COMPANY, LTD. (5.92%), DEL-ONE FEDERAL CREDIT UNION (6.01%), NVR Mortgage Finance, Inc. (6.03%), M&T Bank (6.33%) and Nations Lending Corporation (6.35%).
DOVER, DE Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| PIKE CREEK MORTGAGE SERVICES, INC. | $69,635,000 | $54,950,000 | -21.1% | 5.3% |
| NFM, INC. | $73,160,000 | $53,090,000 | -27.4% | 5.1% |
| QUICKEN LOANS, LLC | $88,755,000 | $45,025,000 | -49.3% | 4.3% |
| Arbor Realty Trust, Inc. | $42,565,000 | n/a | 4.1% | |
| DHI MORTGAGE COMPANY, LTD. | $27,640,000 | $37,350,000 | 35.1% | 3.6% |
| NVR Mortgage Finance, Inc. | $45,685,000 | $34,380,000 | -24.7% | 3.3% |
| GUILD MORTGAGE COMPANY | $24,980,000 | $29,760,000 | 19.1% | 2.9% |
| Meridian Bank Corporation | $30,710,000 | $26,180,000 | -14.8% | 2.5% |
| UNITED WHOLESALE MORTGAGE, LLC | $29,900,000 | $24,590,000 | -17.8% | 2.4% |
| Wilmington Savings Fund Society, FSB | $30,765,000 | $21,845,000 | -29.0% | 2.1% |
| Keystone Funding, Inc. | $21,590,000 | n/a | 2.1% | |
| Ixonia Bank | $4,040,000 | $21,170,000 | 424.0% | 2.0% |
| Mortgage Research Center, LLC | $35,355,000 | $19,310,000 | -45.4% | 1.9% |
| Citizens Bank | $30,375,000 | $19,300,000 | -36.5% | 1.9% |
| CARDINAL FINANCIAL | $28,595,000 | $18,010,000 | -37.0% | 1.7% |
| MOVEMENT MORTGAGE, LLC | $7,655,000 | $17,935,000 | 134.3% | 1.7% |
| DEL-ONE FEDERAL CREDIT UNION | $23,740,000 | $16,865,000 | -29.0% | 1.6% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $5,140,000 | $15,240,000 | 196.5% | 1.5% |
| AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC | $27,235,000 | $14,845,000 | -45.5% | 1.4% |
| NEWREZ LLC | $17,120,000 | $14,835,000 | -13.3% | 1.4% |
| M&T Bank | $23,735,000 | $14,710,000 | -38.0% | 1.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $21,045,000 | $14,675,000 | -30.3% | 1.4% |
| PENNYMAC LOAN SERVICES, LLC | $17,690,000 | $14,170,000 | -19.9% | 1.4% |
| Equity Prime Mortgage LLC | $10,795,000 | $14,075,000 | 30.4% | 1.4% |
| LOANDEPOT.COM, LLC | $39,225,000 | $13,750,000 | -64.9% | 1.3% |
| PNC Bank | $29,555,000 | $13,300,000 | -55.0% | 1.3% |
| NAVY FEDERAL CREDIT UNION | $16,545,000 | $12,835,000 | -22.4% | 1.2% |
| K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. | $20,060,000 | $11,915,000 | -40.6% | 1.1% |
| CROSSCOUNTRY MORTGAGE, LLC | $13,350,000 | $11,745,000 | -12.0% | 1.1% |
| Shore United Bank | $11,095,000 | $11,545,000 | 4.1% | 1.1% |
| TIDEWATER MORTGAGE SERVICES, INC. | $12,960,000 | $11,530,000 | -11.0% | 1.1% |
| Evolve Bank & Trust | $6,885,000 | $10,860,000 | 57.7% | 1.0% |
| CMG MORTGAGE, INC. | $22,935,000 | $10,620,000 | -53.7% | 1.0% |
| EMM LOANS LLC | $13,960,000 | $10,610,000 | -24.0% | 1.0% |
| Dover Federal Credit Union | $13,105,000 | $10,230,000 | -21.9% | 1.0% |
| FREEDOM MORTGAGE CORPORATION | $20,730,000 | $9,430,000 | -54.5% | 0.9% |
| Prosperity Home Mortgage, LLC | $7,365,000 | $9,260,000 | 25.7% | 0.9% |
| CALIBER HOME LOANS, INC. | $20,405,000 | $8,975,000 | -56.0% | 0.9% |
| Northpointe Bank | $33,770,000 | $8,395,000 | -75.1% | 0.8% |
| Mr. Cooper ( Nationstar Mortgage ) | $20,600,000 | $7,950,000 | -61.4% | 0.8% |
| COREVEST AMERICAN FINANCE LENDER LLC | $7,380,000 | n/a | 0.7% | |
| EAGLE HOME MORTGAGE, LLC | $980,000 | $7,275,000 | 642.3% | 0.7% |
| Nations Lending Corporation | $7,610,000 | $6,825,000 | -10.3% | 0.7% |
| BROKER SOLUTIONS, INC. | $7,150,000 | $6,690,000 | -6.4% | 0.6% |
| Fulton Bank | $12,365,000 | $6,315,000 | -48.9% | 0.6% |
| First Citizens Community Bank | $4,620,000 | $6,295,000 | 36.3% | 0.6% |
| TD Bank | $6,025,000 | $6,095,000 | 1.2% | 0.6% |
| Wells Fargo Bank | $18,105,000 | $5,985,000 | -66.9% | 0.6% |
| PENTAGON FEDERAL CREDIT UNION | $4,680,000 | $5,725,000 | 22.3% | 0.6% |
| GUARANTEED RATE AFFINITY, LLC | $2,250,000 | $5,685,000 | 152.7% | 0.5% |
| HOMESIDE FINANCIAL, LLC | $17,300,000 | $5,470,000 | -68.4% | 0.5% |
| Citibank | $370,000 | $5,130,000 | 1,286.5% | 0.5% |
| Carrington Mortgage Services, LLC | $6,950,000 | $4,820,000 | -30.6% | 0.5% |
| The Federal Savings Bank | $5,390,000 | $4,695,000 | -12.9% | 0.5% |
| EMBRACE HOME LOANS, INC. | $10,075,000 | $4,565,000 | -54.7% | 0.4% |
| NATION ONE MORTGAGE CORPORATION | $4,305,000 | n/a | 0.4% | |
| PLAZA HOME MORTGAGE, INC. | $7,745,000 | $4,045,000 | -47.8% | 0.4% |
| AMERISAVE MORTGAGE CORPORATION | $15,130,000 | $3,995,000 | -73.6% | 0.4% |
| JPMorgan Chase Bank | $5,930,000 | $3,985,000 | -32.8% | 0.4% |
| Bank of America | $9,005,000 | $3,885,000 | -56.9% | 0.4% |
| NEW DAY FINANCIAL, LLC | $5,480,000 | $3,775,000 | -31.1% | 0.4% |
| EVERETT FINANCIAL, INC. | $2,375,000 | $3,760,000 | 58.3% | 0.4% |
| Plains Commerce Bank | $2,080,000 | $3,540,000 | 70.2% | 0.3% |
| USAA Federal Savings Bank | $12,635,000 | $3,455,000 | -72.7% | 0.3% |
| NBKC BANK | $2,020,000 | $3,450,000 | 70.8% | 0.3% |
| AMERICAN FINANCIAL NETWORK, INC. | $3,035,000 | n/a | 0.3% | |
| First National Bank of Pennsylvania | $1,540,000 | $2,960,000 | 92.2% | 0.3% |
| Discover Bank | $2,160,000 | $2,820,000 | 30.6% | 0.3% |
| LAKEVIEW LOAN SERVICING, LLC | $6,200,000 | $2,800,000 | -54.8% | 0.3% |
| BAYSHORE MORTGAGE FUNDING, LLC | $1,195,000 | $2,755,000 | 130.5% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,755,000 | $2,615,000 | 49.0% | 0.3% |
| Magnolia Bank | $1,450,000 | $2,530,000 | 74.5% | 0.2% |
| Capital Bank | $940,000 | $2,510,000 | 167.0% | 0.2% |
| GUARANTEED RATE, INC. | $8,700,000 | $2,505,000 | -71.2% | 0.2% |
| ALLIED MORTGAGE GROUP, INC. | $4,740,000 | $2,320,000 | -51.1% | 0.2% |
| Community Bank Delaware | $2,275,000 | n/a | 0.2% | |
| ABSOLUTE HOME MORTGAGE CORPORATION | $6,600,000 | $1,940,000 | -70.6% | 0.2% |
| TIDEMARK FEDERAL CREDIT UNION | $505,000 | $1,930,000 | 282.2% | 0.2% |
| Waterstone Mortgage Corporation | $1,275,000 | $1,885,000 | 47.8% | 0.2% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $1,365,000 | $1,875,000 | 37.4% | 0.2% |
| BAY EQUITY LLC | $650,000 | $1,870,000 | 187.7% | 0.2% |
| MidAtlantic Farm Credit, ACA | $3,495,000 | $1,760,000 | -49.6% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,745,000 | n/a | 0.2% | |
| FIRST HOME MORTGAGE CORPORATION | $2,770,000 | $1,730,000 | -37.5% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $1,120,000 | $1,715,000 | 53.1% | 0.2% |
| POLICE & FIRE | $755,000 | $1,715,000 | 127.2% | 0.2% |
| Huntingdon Valley Bank | $13,090,000 | $1,560,000 | -88.1% | 0.2% |
| First Shore Federal Savings and Loan Association | $2,975,000 | $1,555,000 | -47.7% | 0.1% |
| The Queenstown Bank of Maryland | $155,000 | $1,445,000 | 832.3% | 0.1% |
| WesBanco | $720,000 | $1,435,000 | 99.3% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $3,150,000 | $1,410,000 | -55.2% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $1,350,000 | n/a | 0.1% | |
| NATIONWIDE MORTGAGE BANKERS, INC. | $1,615,000 | $1,305,000 | -19.2% | 0.1% |
| ACADEMY MORTGAGE CORPORATION | $225,000 | $1,255,000 | 457.8% | 0.1% |
| TRIAD FINANCIAL SERVICES, INC. | $1,140,000 | $1,240,000 | 8.8% | 0.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $1,220,000 | n/a | 0.1% | |
| Acre Mortgage and Financial Inc | $2,090,000 | $1,175,000 | -43.8% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,830,000 | $1,150,000 | -37.2% | 0.1% |
| RELIANCE FIRST CAPITAL, LLC | $1,225,000 | $1,130,000 | -7.8% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $2,805,000 | $1,120,000 | -60.1% | 0.1% |
| NORWICH COMMERCIAL GROUP, INC. | $1,055,000 | n/a | 0.1% | |
| Flagstar Bank, FSB | $2,660,000 | $1,045,000 | -60.7% | 0.1% |
| Artisans' Bank | $2,130,000 | $980,000 | -54.0% | 0.1% |
| GSF Mortgage Corporation | $825,000 | $935,000 | 13.3% | 0.1% |
| Towne Bank | $645,000 | $905,000 | 40.3% | 0.1% |
| LOANPAL, LLC | $2,585,000 | $885,000 | -65.8% | 0.1% |
| Truist | $1,640,000 | $875,000 | -46.6% | 0.1% |
| THE BANK OF DELMARVA | $870,000 | n/a | 0.1% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $1,390,000 | $865,000 | -37.8% | 0.1% |
| First Federal Bank | $530,000 | $855,000 | 61.3% | 0.1% |
| SUCCESS MORTGAGE PARTNERS, INC. | $415,000 | $840,000 | 102.4% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $1,395,000 | $835,000 | -40.1% | 0.1% |
| ATLANTIC BAY MORTGAGE GROUP, L.L.C. | $245,000 | $830,000 | 238.8% | 0.1% |
| MDE Home Loans, LLC | $830,000 | n/a | 0.1% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $965,000 | $800,000 | -17.1% | 0.1% |
| Presidential Bank, FSB | $445,000 | $800,000 | 79.8% | 0.1% |
| U.S. Bank | $2,245,000 | $745,000 | -66.8% | 0.1% |
| Barrington Bank & Trust Company, N.A. | $2,320,000 | $720,000 | -69.0% | 0.1% |
| FIDELITY DIRECT MORTGAGE, LLC | $420,000 | $705,000 | 67.9% | 0.1% |
| Armed Forces Bank | $1,045,000 | $700,000 | -33.0% | 0.1% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $800,000 | $685,000 | -14.4% | 0.1% |
| PREMIA MORTGAGE, LLC | $660,000 | n/a | 0.1% | |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $1,620,000 | $640,000 | -60.5% | 0.1% |
| TOTAL MORTGAGE SERVICES, LLC | $640,000 | n/a | 0.1% | |
| Ally Bank | $1,005,000 | $610,000 | -39.3% | 0.1% |
| ABERDEEN PROVING GROUND FEDERAL CREDIT UNION | $475,000 | $605,000 | 27.4% | 0.1% |
| Sandy Spring Bank | $605,000 | n/a | 0.1% | |
| S&T Bank | $605,000 | n/a | 0.1% | |
| First Savings Bank | $2,070,000 | $595,000 | -71.3% | 0.1% |
| LENDSURE MORTGAGE CORP. | $675,000 | $595,000 | -11.9% | 0.1% |
| State Financial Network, LLC | $175,000 | $590,000 | 237.1% | 0.1% |
| FRANKLIN MINT | $1,150,000 | $535,000 | -53.5% | 0.1% |
| Ameris Bank | $755,000 | $530,000 | -29.8% | 0.1% |
| BETTER MORTGAGE CORPORATION | $780,000 | $525,000 | -32.7% | 0.1% |
| 21ST MORTGAGE CORPORATION | $1,140,000 | $510,000 | -55.3% | 0.0% |
| PHH Mortgage Corporation | $1,365,000 | $510,000 | -62.6% | 0.0% |
| The People's Credit Union | $125,000 | $505,000 | 304.0% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $495,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $2,055,000 | $485,000 | -76.4% | 0.0% |
| Sun East Federal Credit Union | $785,000 | $480,000 | -38.9% | 0.0% |
| Aurora Financial, LLC | $475,000 | n/a | 0.0% | |
| PANORAMA MORTGAGE GROUP, LLC | $475,000 | n/a | 0.0% | |
| SUMMIT FUNDING, INC. | $295,000 | $465,000 | 57.6% | 0.0% |
| FINANCE OF AMERICA MORTGAGE LLC | $3,980,000 | $460,000 | -88.4% | 0.0% |
| FIRST ALLIANCE HOME MORTGAGE, LLC | $445,000 | n/a | 0.0% | |
| Cornerstone First Mortgage, Inc | $295,000 | $435,000 | 47.5% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $265,000 | $430,000 | 62.3% | 0.0% |
| First National Bank of America | $1,305,000 | $430,000 | -67.0% | 0.0% |
| LENDINGONE, LLC | $135,000 | $430,000 | 218.5% | 0.0% |
| FIRST CREDIT CORPORATION OF NEW YORK, INC. | $730,000 | $415,000 | -43.2% | 0.0% |
| AMERICAN HERITAGE LENDING, INC. | $125,000 | $410,000 | 228.0% | 0.0% |
| CONTOUR MORTGAGE CORPORATION | $2,005,000 | $410,000 | -79.6% | 0.0% |
| CHEVRON | $405,000 | n/a | 0.0% | |
| Paramount Bank | $405,000 | n/a | 0.0% | |
| HOMEXPRESS MORTGAGE CORP. | $465,000 | $400,000 | -14.0% | 0.0% |
| Century Mortgage Company DBA Century Lending Company | $480,000 | $395,000 | -17.7% | 0.0% |
| LIBERTY HOME MORTGAGE CORPORATION | $155,000 | $395,000 | 154.8% | 0.0% |
| BAY CAPITAL MORTGAGE CORPORATION | $760,000 | $385,000 | -49.3% | 0.0% |
| CITADEL FEDERAL CREDIT UNION | $1,120,000 | $385,000 | -65.6% | 0.0% |
| GREENTREE MORTGAGE COMPANY, L.P. | $1,685,000 | $380,000 | -77.4% | 0.0% |
| AmeriHome Mortgage Company, LLC | $2,320,000 | $375,000 | -83.8% | 0.0% |
| T2 FINANCIAL LLC | $165,000 | $365,000 | 121.2% | 0.0% |
| DIRECT MORTGAGE LOANS, LLC | $355,000 | n/a | 0.0% | |
| Connexus Credit Union | $350,000 | n/a | 0.0% | |
| MEMBERS 1ST FEDERAL CREDIT UNION | $575,000 | $345,000 | -40.0% | 0.0% |
| RADIUS FINANCIAL GROUP INC. | $345,000 | n/a | 0.0% | |
| Advisors Mortgage Group, L.L.C. | $335,000 | n/a | 0.0% | |
| ADVANCIAL | $325,000 | n/a | 0.0% | |
| MCLEAN MORTGAGE CORPORATION | $4,905,000 | $325,000 | -93.4% | 0.0% |
| DEXSTA | $315,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $115,000 | $315,000 | 173.9% | 0.0% |
| LENDING CAPITAL GROUP Inc | $315,000 | n/a | 0.0% | |
| Ballston Spa National Bank | $490,000 | $310,000 | -36.7% | 0.0% |
| STATE EMPLOYEES CREDIT UNION OF MARYLAND, INCORPORATED | $1,890,000 | $310,000 | -83.6% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $2,505,000 | $290,000 | -88.4% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $310,000 | $285,000 | -8.1% | 0.0% |
| NEXERA HOLDING LLC | $280,000 | n/a | 0.0% | |
| Commerce Home Mortgage, Inc. | $790,000 | $275,000 | -65.2% | 0.0% |
| Financial Freedom Mortgage, LLC | $1,770,000 | $275,000 | -84.5% | 0.0% |
| AFFINITY | $780,000 | $265,000 | -66.0% | 0.0% |
| FIRST HERITAGE FINANCIAL, LLC | $265,000 | n/a | 0.0% | |
| HOMESTEAD FUNDING CORP. | $710,000 | $265,000 | -62.7% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $265,000 | n/a | 0.0% | |
| US MORTGAGE CORPORATION | $570,000 | $255,000 | -55.3% | 0.0% |
| Mid Penn Bank | $245,000 | n/a | 0.0% | |
| ARC HOME LLC | $235,000 | n/a | 0.0% | |
| Bank of Whittier | $365,000 | $225,000 | -38.4% | 0.0% |
| Residential Mortgage Solutions, Inc. | $660,000 | $225,000 | -65.9% | 0.0% |
| Summit Mortgage Corporation | $225,000 | n/a | 0.0% | |
| ZILLOW HOME LOANS, LLC | $1,480,000 | $225,000 | -84.8% | 0.0% |
| CRESCENT MORTGAGE COMPANY | $215,000 | n/a | 0.0% | |
| EQUITY RESOURCES, INC. | $215,000 | n/a | 0.0% | |
| OCEANSIDE MORTGAGE COMPANY | $235,000 | $215,000 | -8.5% | 0.0% |
| MY MORTGAGE, INC. | $235,000 | $210,000 | -10.6% | 0.0% |
| TRUMARK FINANCIAL CREDIT UNION | $830,000 | $210,000 | -74.7% | 0.0% |
| AMERICAN HERITAGE FCU | $60,000 | $205,000 | 241.7% | 0.0% |
| Charles Schwab Bank, SSB | $205,000 | n/a | 0.0% | |
| NexBank | $205,000 | n/a | 0.0% | |
| UNION HOME MORTGAGE CORP. | $900,000 | $205,000 | -77.2% | 0.0% |
| AMWEST FUNDING CORP. | $400,000 | $200,000 | -50.0% | 0.0% |
| VAN DYK MORTGAGE CORPORATION | $630,000 | $195,000 | -69.0% | 0.0% |
| BayVanguard Bank | $185,000 | n/a | 0.0% | |
| Bethpage Federal Credit Union | $265,000 | $180,000 | -32.1% | 0.0% |
| Atlantic Coast Mortgage, LLC | $195,000 | $175,000 | -10.3% | 0.0% |
| HomeTrust Bank | $170,000 | n/a | 0.0% | |
| Firstrust Savings Bank | $165,000 | n/a | 0.0% | |
| LIMA ONE CAPITAL, LLC | $200,000 | $165,000 | -17.5% | 0.0% |
| DIGITAL Federal Credit Union | $225,000 | $155,000 | -31.1% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $440,000 | $155,000 | -64.8% | 0.0% |
| OCMBC, INC. | $470,000 | $155,000 | -67.0% | 0.0% |
| Summit Community Bank, Inc. | $155,000 | n/a | 0.0% | |
| York Traditions Bank | $145,000 | n/a | 0.0% | |
| Citadel Servicing Corporation | $135,000 | n/a | 0.0% | |
| Service Federal Credit Union | $130,000 | n/a | 0.0% | |
| NASA Federal Credit Union | $275,000 | $110,000 | -60.0% | 0.0% |
| CORNING | $105,000 | n/a | 0.0% | |
| Watermark Capital, Inc. | $95,000 | $105,000 | 10.5% | 0.0% |
| Centier Bank | $120,000 | $100,000 | -16.7% | 0.0% |
| THRIVE MORTGAGE, LLC | $95,000 | n/a | 0.0% | |
| UTILITIES EMPLOYEES CREDIT UNION | $80,000 | $90,000 | 12.5% | 0.0% |
| PLANET HOME LENDING, LLC | $1,405,000 | $85,000 | -94.0% | 0.0% |
| SOUTHWEST STAGE FUNDING, LLC | $85,000 | n/a | 0.0% | |
| TOWER | $420,000 | $75,000 | -82.1% | 0.0% |
| CHERRY CREEK MORTGAGE, LLC | $315,000 | $65,000 | -79.4% | 0.0% |
| EVERENCE FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% | |
| CREDIT UNION OF NEW JERSEY | $45,000 | n/a | 0.0% | |
| NORTHROP GRUMMAN Federal Credit Union | $45,000 | n/a | 0.0% | |
| USAlliance Federal Credit Union | $45,000 | n/a | 0.0% | |
| APCI Federal Credit Union | $35,000 | n/a | 0.0% |
DOVER's top lender by overall market share is PIKE CREEK MORTGAGE SERVICES, INC., with 5.3% market share. In second place, with 5.1%, is NFM, INC., having originated $53,090,000 in loans. In third place, with 4.3%, is QUICKEN LOANS, LLC, having originated $45,025,000 in loans. In fourth place, with 4.1%, is Arbor Realty Trust, Inc., having originated $42,565,000 in loans. In fifth place, with 3.6%, is DHI MORTGAGE COMPANY, LTD., having originated $37,350,000 in loans.
DOVER, DE Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 19901 | Dover, DE MSA | $1,030 | $1,030 | $1,240 | $1,760 | $1,990 |
| 19902 | Dover, DE MSA | $980 | $980 | $1,180 | $1,680 | $1,890 |
| 19903 | Dover, DE MSA | $980 | $980 | $1,180 | $1,680 | $1,890 |
| 19904 | Dover, DE MSA | $980 | $980 | $1,180 | $1,680 | $1,890 |
| 19934 | Dover, DE MSA | $1,100 | $1,110 | $1,330 | $1,890 | $2,130 |
| 19936 | Dover, DE MSA | $790 | $790 | $950 | $1,350 | $1,520 |
| 19938 | Dover, DE MSA | $1,060 | $1,080 | $1,290 | $1,810 | $2,040 |
| 19943 | Dover, DE MSA | $960 | $970 | $1,160 | $1,650 | $1,860 |
| 19946 | Dover, DE MSA | $990 | $990 | $1,190 | $1,690 | $1,910 |
| 19950 | Dover, DE MSA | $790 | $860 | $1,110 | $1,480 | $1,770 |
| 19952 | Dover, DE MSA | $900 | $910 | $1,090 | $1,550 | $1,750 |
| 19953 | Dover, DE MSA | $920 | $920 | $1,110 | $1,580 | $1,780 |
| 19954 | Dover, DE MSA | $920 | $920 | $1,110 | $1,580 | $1,780 |
| 19955 | Dover, DE MSA | $1,060 | $1,080 | $1,290 | $1,810 | $2,040 |
| 19961 | Dover, DE MSA | $980 | $980 | $1,180 | $1,680 | $1,890 |
| 19962 | Dover, DE MSA | $890 | $900 | $1,080 | $1,530 | $1,730 |
| 19963 | Dover, DE MSA | $790 | $850 | $1,080 | $1,460 | $1,720 |
| 19964 | Dover, DE MSA | $770 | $780 | $910 | $1,290 | $1,490 |
| 19977 | Dover, DE MSA | $990 | $1,020 | $1,230 | $1,700 | $1,920 |
| 19979 | Dover, DE MSA | $900 | $910 | $1,090 | $1,550 | $1,750 |
| 19980 | Dover, DE MSA | $980 | $980 | $1,180 | $1,680 | $1,890 |
2022 Average & Median Rent Data Statistics
DOVER, DE average 1BR rent: $953, median: $980
DOVER, DE average 2BR rent: $1,150, median: $1,180
DOVER, DE average 3BR rent: $1,623, median: $1,680
DOVER, DE Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 2,532 | $759,060,000 | $299,787 |
| Cash Out Refi | 490 | $151,570,000 | $309,327 |
| Home Improvement | 477 | $43,865,000 | $91,960 |
| Other | 350 | $30,990,000 | $88,543 |
| Refi | 272 | $53,600,000 | $197,059 |
Dover's most frequently cited loan purpose was Home Purchase, with 2,532 originations. The 2nd most popular reason was Cash Out Refi, with 490 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 1,550 | $442,660,000 | $285,587 |
| 7-8% | 932 | $232,400,000 | $249,356 |
| Over 8% | 760 | $77,200,000 | $101,579 |
| 5-6% | 652 | $239,570,000 | $367,439 |
| 4-5% | 80 | $23,180,000 | $289,750 |
| <2.5% | 35 | $775,000 | $22,143 |
| 3-4% | 11 | $6,705,000 | $609,545 |
| 2.5-3% | 9 | $1,915,000 | $212,778 |
During 2023, Dover's most frequently originated rate bucket was 6-7%, with 1,550 originations.
Loan Sizing (DOVER, DE MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 1,926 | $563,360,000 | $292,503 |
| $100,000 or less | 900 | $48,050,000 | $53,389 |
| $100k-200k | 755 | $112,245,000 | $148,669 |
| $400k-600k | 483 | $220,905,000 | $457,360 |
| $600k-1000k | 51 | $34,045,000 | $667,549 |
| $Over $1MM | 6 | $60,480,000 | $10,080,000 |
DOVER's loan sizing saw the bucket of loans from $200k-400k with 1,926 originations, totaling $563,360,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 1,814 | $583,100,000 | $321,444 |
| 60-80% | 652 | $216,970,000 | $332,776 |
| Under 20% | 626 | $36,370,000 | $58,099 |
| 20-40% | 397 | $48,755,000 | $122,809 |
| 40-60% | 310 | $62,410,000 | $201,323 |
| Over 100% | 194 | $72,830,000 | $375,412 |
DOVER's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 1,814 originations, totaling $583,100,000 in origination value.