States › Washington
Washington mortgage lending
Every HMDA reporter's applications, originations and denial rate for properties in Washington, with all 39 counties.
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. Record year 2024.
Washington had 253,354 HMDA-reported mortgage applications and 153,487 originations ($68bn) in 2024, from 353 lenders with at least 25 applications in the state.
The statewide denial rate was 21.3% (national 24.3%) and the median rate spread 0.4 percentage points (national 0.3). Originations ran at 50.1 per 1,000 households, against 48.0 nationally.
Originations in the state went from 246,471 in 2018 to 153,487 in 2024; the denial rate moved from 20.1% to 21.3%.
The most active lenders by originations were Boeing Employees' Credit Union (12,344), United Wholesale Mortgage (8,744) and Rocket Mortgage (7,879).
Most active lenders in Washington
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Boeing Employees' Credit Union | 20,128 | 12,344 | $3.3bn | 27.8% | 0.6 |
| 2 | United Wholesale Mortgage | 11,159 | 8,744 | $4.2bn | 10.4% | 0.0 |
| 3 | Rocket Mortgage | 10,363 | 7,879 | $2.8bn | 15.9% | 0.3 |
| 4 | Guild Mortgage Company | 7,209 | 5,129 | $2.1bn | 4.1% | 0.3 |
| 5 | Movement Mortgage, LLC | 6,498 | 4,812 | $2.3bn | 4.3% | 0.4 |
| 6 | CMG Mortgage Inc | 6,250 | 4,758 | $2.2bn | 3.6% | 0.3 |
| 7 | Crosscountry Mortgage, LLC | 5,684 | 4,052 | $2.2bn | 2.6% | 0.4 |
| 8 | Us Bank, N.A. | 6,471 | 3,364 | $1.8bn | 35.6% | 0.3 |
| 9 | Bank of America NA | 6,469 | 3,011 | $1.4bn | 36.5% | 1.0 |
| 10 | Fairway Independent Mort Corp | 3,301 | 2,565 | $1.2bn | 4.6% | 0.4 |
| 11 | Evergreen Moneysource Mortgage Company | 3,166 | 2,448 | $1.1bn | 4.0% | 0.5 |
| 12 | Navy Federal Credit Union | 4,473 | 2,260 | $599m | 27.8% | 0.9 |
| 13 | Newrez LLC | 4,685 | 2,255 | $992m | 22.5% | 0.4 |
| 14 | Pennymac Loan Services LLC | 3,827 | 2,241 | $990m | 16.3% | 0.2 |
| 15 | American Pacific Mortgage Corporation | 2,663 | 2,044 | $934m | 7.4% | 0.5 |
| 16 | JPMorgan Chase Bank, NA | 3,076 | 2,012 | $1.7bn | 9.9% | -0.1 |
| 17 | Loandepot.com, LLC | 3,413 | 1,948 | $784m | 23.8% | 0.3 |
| 18 | Gesa Credit Union | 2,927 | 1,936 | $376m | 22.9% | 1.4 |
| 19 | Wsecu | 4,054 | 1,928 | $355m | 46.5% | 0.9 |
| 20 | Umpqua Bank | 2,985 | 1,859 | $634m | 25.8% | 1.4 |
| 21 | Spokane Teachers Credit Union | 2,905 | 1,753 | $254m | 25.9% | 1.1 |
| 22 | DHI Mortgage Company, LTD. | 2,068 | 1,730 | $849m | 4.8% | -1.0 |
| 23 | Banner Bank | 3,078 | 1,677 | $470m | 34.4% | 0.9 |
| 24 | New American Funding, LLC. | 3,193 | 1,623 | $631m | 13.2% | 0.4 |
| 25 | 1st Security Bank of Washington | 1,779 | 1,346 | $640m | 5.6% | 0.3 |
| 26 | Mortgage Research Center | 2,721 | 1,322 | $609m | 23.4% | -0.3 |
| 27 | Cornerstone Capital Bank, Ssb | 1,464 | 1,226 | $668m | 1.9% | 0.4 |
| 28 | Wells Fargo Bank NA | 2,448 | 1,195 | $1.4bn | 22.0% | -0.1 |
| 29 | Freedom Mortgage Corporation | 2,524 | 1,183 | $518m | 13.3% | -0.0 |
| 30 | Bay Equity LLC | 1,622 | 1,111 | $574m | 5.4% | 0.1 |
| 31 | Nationstar Mortgage | 1,650 | 1,105 | $254m | 17.6% | 3.2 |
| 32 | HomeStreet Bank | 1,635 | 1,104 | $473m | 17.5% | 0.5 |
| 33 | Figure Lending LLC | 2,343 | 1,097 | $104m | 29.6% | 4.7 |
| 34 | Spring Eq, LLC | 3,502 | 1,093 | $118m | 62.6% | 3.6 |
| 35 | Columbia Credit Union | 1,865 | 1,080 | $145m | 29.7% | -1.8 |
| 36 | Guaranteed Rate, Inc. | 1,674 | 1,035 | $507m | 9.8% | 0.2 |
| 37 | Numerica Credit Union | 1,902 | 990 | $163m | 42.8% | 0.6 |
| 38 | iQ Credit Union | 1,422 | 937 | $136m | 25.7% | 0.1 |
| 39 | Keybank National Association | 1,926 | 925 | $449m | 40.2% | 0.1 |
| 40 | Whatcom Educational Credit Uni | 1,432 | 925 | $237m | 23.0% | 0.1 |
| 41 | First Technology Credit Union | 1,265 | 806 | $443m | 14.0% | 0.4 |
| 42 | Sound Credit Union | 1,692 | 805 | $191m | 34.6% | -0.1 |
| 43 | Washington Trust Bank | 1,287 | 805 | $340m | 24.6% | 0.5 |
| 44 | Lennar Mortgage, LLC | 975 | 792 | $402m | 5.2% | -0.4 |
| 45 | Canopy Mortgage, LLC | 1,220 | 788 | $307m | 2.4% | 0.3 |
| 46 | NFM, Inc | 913 | 784 | $447m | 1.8% | 0.4 |
| 47 | The Loan Store, Inc | 1,065 | 723 | $305m | 11.8% | 0.4 |
| 48 | Sammamish Mortgage Company | 965 | 695 | $411m | 3.5% | 0.0 |
| 49 | Global Federal Credit Union | 1,198 | 690 | $459m | 24.0% | -0.3 |
| 50 | Discover Bank | 3,583 | 663 | $67m | 72.8% | 2.1 |
| 51 | Kitsap Credit Union | 1,208 | 658 | $74m | 30.5% | 0.8 |
| 52 | Washington Federal | 1,453 | 643 | $342m | 30.5% | 0.7 |
| 53 | Twinstar Credit Union | 1,270 | 634 | $126m | 39.0% | 0.3 |
| 54 | Peoples Bank | 1,124 | 632 | $246m | 25.8% | 0.6 |
| 55 | Primelending | 805 | 617 | $233m | 4.4% | 0.2 |
| 56 | Originpoint, LLC | 936 | 613 | $479m | 3.6% | 0.3 |
| 57 | OnPoint Community Credit Union | 899 | 612 | $125m | 21.4% | 0.3 |
| 58 | PNC Bank N.A. | 918 | 592 | $514m | 20.4% | 0.1 |
| 59 | Glacier Bank | 930 | 589 | $219m | 17.4% | 0.3 |
| 60 | Sunflower Bank, N.A. | 831 | 588 | $228m | 5.6% | 0.3 |
Top 60 of 353 lenders with at least 25 applications in the state, by originations. 226 lenders have 100 or more applications here and link to a state-specific page.
Compared with the nation
| Measure | Washington | United States |
|---|---|---|
| Denial rate | 21.3% | 24.3% |
| Median rate spread, pp | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 15.8% | 15.6% |
| Average originated loan | $440k | $329k |
| Originations per 1,000 households | 50.1 | 48.0 |
| Home purchase share of originations | 54.5% | 57.0% |
| FHA-insured share | 9.9% | 13.4% |
| VA-guaranteed share | 8.6% | 7.9% |
Trend, 2018–2024
ApplicationsOriginations
WashingtonUnited States
FHA share of originationsVA share
| Year | Applications | Originations | Amount | Denial rate | FHA | VA | Refinance share |
|---|---|---|---|---|---|---|---|
| 2018 | 393,395 | 246,471 | $77bn | 20.1% | 9.1% | 9.2% | 31.9% |
| 2019 | 474,545 | 308,782 | $109bn | 16.5% | 9.2% | 11.6% | 46.1% |
| 2020 | 753,799 | 507,727 | $183bn | 12.7% | 6.2% | 11.3% | 67.1% |
| 2021 | 718,246 | 489,868 | $192bn | 12.6% | 5.9% | 9.4% | 61.6% |
| 2022 | 381,484 | 237,090 | $102bn | 19.3% | 6.8% | 7.1% | 30.7% |
| 2023 | 230,068 | 137,453 | $57bn | 22.7% | 9.5% | 7.1% | 16.8% |
| 2024 | 253,354 | 153,487 | $68bn | 21.3% | 9.9% | 8.6% | 23.5% |
Yearly figures from the HMDA Data Browser aggregations for the state (all reporters).
Loan purpose and loan type, 2024
By purpose
Home purchase 55% (83,646)Home improvement 12% (17,722)Refinancing 12% (18,628)Cash-out refinancing 11% (17,402)Other purpose 10% (16,070)
By type
Conventional 81% (124,598)FHA 10% (15,181)VA 9% (13,265)USDA 0% (443)
Counties
| County | Applications | Originations | Per 1,000 households | Denial rate | Median spread | Lenders |
|---|---|---|---|---|---|---|
| King County | 60,891 | 37,309 | 39.6 | 19.9% | 0.3 | 192 |
| Pierce County | 34,257 | 20,438 | 58.2 | 22.9% | 0.4 | 148 |
| Snohomish County | 29,017 | 17,590 | 55.6 | 21.2% | 0.4 | 131 |
| Spokane County | 19,154 | 11,856 | 54.3 | 20.9% | 0.5 | 98 |
| Clark County | 18,435 | 11,326 | 57.8 | 20.7% | 0.3 | 103 |
| Thurston County | 11,427 | 6,963 | 58.6 | 20.5% | 0.3 | 70 |
| Kitsap County | 10,560 | 6,619 | 61.0 | 18.5% | 0.3 | 75 |
| Benton County | 7,610 | 4,895 | 62.7 | 19.0% | 0.4 | 50 |
| Whatcom County | 6,782 | 4,192 | 44.6 | 19.3% | 0.3 | 47 |
| Yakima County | 6,272 | 3,583 | 40.9 | 26.4% | 0.5 | 49 |
| Cowlitz County | 4,488 | 2,753 | 62.6 | 20.2% | 0.5 | 42 |
| Skagit County | 3,995 | 2,407 | 46.0 | 22.1% | 0.5 | 39 |
| Island County | 3,547 | 2,068 | 57.5 | 22.2% | 0.3 | 33 |
| Franklin County | 3,092 | 1,919 | 64.2 | 21.9% | 0.5 | 32 |
| Lewis County | 3,400 | 1,895 | 57.6 | 27.1% | 0.4 | 34 |
| Mason County | 3,154 | 1,879 | 72.2 | 20.9% | 0.5 | 31 |
| Grant County | 3,099 | 1,832 | 51.8 | 24.3% | 0.5 | 34 |
| Grays Harbor County | 3,153 | 1,812 | 59.2 | 23.0% | 0.5 | 31 |
| Clallam County | 2,395 | 1,456 | 41.5 | 20.3% | 0.5 | 25 |
| Chelan County | 2,507 | 1,442 | 45.7 | 24.8% | 0.5 | 26 |
| Kittitas County | 1,947 | 1,233 | 61.7 | 19.8% | 0.4 | 20 |
| Walla Walla County | 1,781 | 1,075 | 45.8 | 20.7% | 0.5 | 22 |
| Douglas County | 1,444 | 900 | 56.5 | 20.4% | 0.5 | 12 |
| Stevens County | 1,651 | 855 | 44.1 | 30.7% | 0.6 | 20 |
| Okanogan County | 1,118 | 619 | 35.3 | 24.6% | 0.6 | 11 |
| Whitman County | 975 | 598 | 31.9 | 20.9% | 0.4 | 10 |
| Jefferson County | 1,056 | 597 | 36.5 | 24.3% | 0.4 | 11 |
| Pacific County | 1,015 | 596 | 54.3 | 22.3% | 0.5 | 6 |
| Asotin County | 688 | 434 | 45.7 | 18.2% | 0.4 | 8 |
| Klickitat County | 691 | 348 | 35.3 | 29.5% | 0.5 | 5 |
| San Juan County | 615 | 331 | 36.7 | 29.1% | 0.5 | 5 |
| Pend Oreille County | 569 | 316 | 53.1 | 25.2% | 0.6 | 4 |
| Lincoln County | 495 | 273 | 56.6 | 25.8% | 0.5 | 2 |
| Skamania County | 452 | 269 | 53.6 | 21.2% | 0.3 | 3 |
| Adams County | 507 | 265 | 42.1 | 28.4% | 0.6 | 6 |
| Wahkiakum County | 180 | 93 | 44.3 | 26.7% | 0.4 | 0 |
| Ferry County | 174 | 90 | 28.4 | 24.6% | 0.5 | 1 |
| Columbia County | 157 | 85 | 45.6 | 29.5% | 0.3 | 0 |
| Garfield County | 73 | 51 | 49.5 | 17.7% | 0.7 | 0 |
By originations. Lenders: those with at least 25 applications in the county.
VA-guaranteed loans by month
VA publishes lender volume nationally, not by state; see the Aug 2026 VA lender table and the monthly series. The VA-guaranteed share of Washington originations by year is charted above from HMDA.
Questions and answers
Which mortgage lenders are most active in Washington?
By 2024 originations: Boeing Employees' Credit Union (12,344), United Wholesale Mortgage (8,744), Rocket Mortgage (7,879), Guild Mortgage Company (5,129), Movement Mortgage, LLC (4,812). 353 lenders had at least 25 applications in the state.
What is the mortgage denial rate in Washington?
21.3% of decided applications were denied in 2024, against 24.3% nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
How has mortgage lending in Washington changed since 2018?
Originations went from 246,471 in 2018 to 153,487 in 2024; the denial rate moved from 20.1% to 21.3%.
Where does this data come from?
From the public HMDA loan/application register (FFIEC and CFPB) for 2024, the HMDA Data Browser aggregations for 2018–2024, and Census Bureau household estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 and Data Browser aggregations 2018–2024 (FFIEC and CFPB, public domain); households from the Census Bureau ACS 2024 five-year estimates. Built 30 Sep 2026; data through 1 Aug 2026.