PlainLender
2024 data HMDA 2024 disclosure official source

Snohomish County

31,888 mortgage applications, 15.5% denial rate. Verify FIPS 53061 with U.S. Census Bureau →

PlainLender home → About this data

Washington · FIPS 53061

Local mortgage market. Snohomish County, Washington saw 31,888 HMDA-reported mortgage applications in 2024. Lenders originated 17,571 of those loans and denied 4,945, producing a denial rate of 15.5% and an approval (origination) rate of 55.1%. The average loan amount was $458,774 at an average note rate of 7.37%, with applicants self-reporting average annual income of $39K. 383 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 11.8x, meaning typical borrowers took on mortgages of about 11.8 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 53061 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

31,888
Applications
17,571
Originated
15.5%
Denial Rate
55.1%
Approval Rate
$458,774
Avg Loan Amount
7.37%
Avg Interest Rate
$39K
Avg Applicant Income
11.8x
Loan-to-Income Ratio

Nearby Lenders in Snohomish County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 Boeing Employees' Credit Union 2,984 17.0%
2 Rocket Mortgage 929 5.3%
3 United Wholesale Mortgage 922 5.2%
4 Movement Mortgage, LLC 497 2.8%
5 Bank of America NA 484 2.8%
Compare Boeing Employees' Credit Union vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Snohomish County?
In the 2024 HMDA reporting year, 31,888 mortgage applications were filed in Snohomish County, Washington. Of these, 17,571 were originated (approved and funded), while 4,945 were denied, resulting in a denial rate of 15.5%.
What is the mortgage denial rate in Snohomish County?
The mortgage denial rate in Snohomish County is 15.5%. The approval (origination) rate is 55.1%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Snohomish County?
The average mortgage loan amount in Snohomish County is $458,774. The average interest rate is 7.373%. The average applicant income is $39K.
What is the loan-to-income ratio in Snohomish County?
The average loan-to-income ratio in Snohomish County is 11.8x, meaning borrowers took on loans averaging 11.8 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Snohomish County?
The top mortgage lenders in Snohomish County by origination volume are Boeing Employees' Credit Union, Rocket Mortgage, United Wholesale Mortgage. In total, 383 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.