Applications / Mortgage Analytics / Lenders / Delaware / Discover Bank
Greenwood, DE · State non-member bank · FDIC · $145 billion assets · 9,711 loans in 2025
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9,711
loans originated, 2025
68,974
applications, 2025
49
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Discover Bank's loans fell 72% in 2025, from 34,694 to 9,711, ending six straight years of growth.
Similar lenders are state non-member banks making between half and twice as many loans; their originations rose 2% and the whole market's 10%, so its fall was the steepest of the group. Loans had climbed every year from 7,301 in 2018. A change of product or strategy could explain the drop.
Purchases were just 2.9% of its loans; other purposes (39.7%), home improvement (36.4%) and refinancing (21.0%) made up the rest. Its typical loan of $75,000 was the lowest of similar lenders, against $315,000.
12.6% of its loans were higher-priced (a rate well above the average for similar loans), against 2.5%, the highest of the group though down from 63.2% five years before; small home-improvement and other-purpose loans may carry higher rates than first mortgages. It turned down 90.3% of first-lien home-purchase applications on owner-occupied homes and 81.7% of refinance applications, against 6.5% and 13.9% for similar lenders, also the highest of the group. Such loans are a small part of its lending, and applicants seeking a full first mortgage may not fit the smaller loans it mainly makes.
It lent in 49 states and 1,396 counties. LMI (low- and moderate-income) borrowers took 22.7% of loans, lower than about two-thirds of similar lenders, though up from 17.7%; its mix of loan purposes may draw a different set of borrowers.
Questions the data can answer next
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Discover Bank took 68,974 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Other 39.7% · Home improvement 36.4% · Refinance 21.0% · Purchase 2.9%
Conventional 100.0% · of 9,711 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| California | 813 | 8.4% |
| Florida | 771 | 7.9% |
| Texas | 649 | 6.7% |
| Illinois | 493 | 5.1% |
| New York | 467 | 4.8% |
| Georgia | 466 | 4.8% |
| New Jersey | 451 | 4.6% |
| Ohio | 397 | 4.1% |
| Pennsylvania | 392 | 4.0% |
| Virginia | 317 | 3.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Chicago-Naperville-Schaumburg | 300 |
| Atlanta-Sandy Springs-Roswell | 245 |
| Phoenix-Mesa-Chandler | 221 |
| Houston-Pasadena-The Woodlands | 189 |
| New York-Jersey City-White Plains | 167 |
| Riverside-San Bernardino-Ontario | 167 |
| Dallas-Plano-Irving | 166 |
| Lakewood-New Brunswick | 151 |
| Los Angeles-Long Beach-Glendale | 146 |
| Nassau County-Suffolk County | 146 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | X05BVSK68TQ7YTOSNR22 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 30810 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 35649 | 1990–2009 |
| Respondent ID (the HMDA filer code before 2018) | 930810 | 2014–2017 |
Established 30 August 1911. Reported under HMDA 1990-2025.
Mergers, name changes, data editions and corrections: Discover Bank's data.
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