Lenders › Wells Fargo Bank NA › Washington
Wells Fargo Bank NA in Washington
HMDA record for properties in Washington, calendar year 2024. National record · Washington 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.
Wells Fargo Bank NA's 2024 HMDA record for Washington covers 2,448 applications, 1,195 of them originated, worth $1.4bn.
Its denial rate in the state was 22.0%, close to the Washington rate of 21.3% across all lenders and compared with the lender's national rate of 31.7%.
The median rate spread on its Washington originations was -0.1 percentage points (state median 0.4).
Applications in the state were down 15% on 2023.
Compared with the state and the lender's national record
| Measure | In Washington | Washington, all lenders | Wells Fargo Bank NA, all states | United States |
|---|---|---|---|---|
| Denial rate | 22.0% | 21.3% | 31.7% | 24.3% |
| Median rate spread, pp | -0.1 | 0.4 | -0.0 | 0.3 |
| Originations with spread of 1.5 pp or more | 0.6% | 15.8% | 2.2% | 15.6% |
| Average originated loan | $1.2m | $440k | $1.0m | $329k |
| Home purchase share | 82.8% | 54.5% | 66.4% | 57.0% |
| FHA-insured share | 0.6% | 9.9% | 2.3% | 13.4% |
| VA-guaranteed share | 1.1% | 8.6% | 2.1% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateWashington, all lenders
Loan purpose and loan type in Washington
By purpose
Home purchase 83% (990)Home improvement 1% (9)Refinancing 6% (74)Cash-out refinancing 7% (89)Other purpose 3% (33)
By type
Conventional 98% (1,175)FHA 1% (7)VA 1% (13)
Denial reasons as coded
Share of 338 denials in Washington by first denial reason coded (outlined bar: all lenders in the state).
Counties in Washington
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| King County | 1,363 | 709 | $986m | 16.5% |
| Snohomish County | 339 | 146 | $112m | 20.2% |
| Pierce County | 147 | 66 | $34m | 34.7% |
| Spokane County | 82 | 39 | $13m | 29.1% |
| Kitsap County | 60 | 34 | $28m | 20.5% |
| Clark County | 85 | 33 | $79m | 23.3% |
| Thurston County | 48 | 26 | $10m | 21.2% |
| Skagit County | 33 | 17 | $7.2m | — |
| Whatcom County | 33 | 16 | $88m | — |
| Yakima County | 35 | 10 | $3.4m | 61.5% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Wells Fargo Bank NA originate in Washington in 2024?
1,195 loans totalling $1.4bn, from 2,448 applications reported for properties in Washington.
What is Wells Fargo Bank NA's denial rate in Washington?
22.0% of decided applications in Washington were denied, against 21.3% for all lenders in the state and 31.7% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Washington counties does Wells Fargo Bank NA lend in most?
By originations: King County (709), Snohomish County (146), Pierce County (66), Spokane County (39), Kitsap County (34).
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 Washington. Built 1 Oct 2026; data through 1 Aug 2026. See methodology and corrections.