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Harborstone Credit Union

TACOMA, WA

Harborstone Credit Union processed 1,095 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 431 loans with a 51.1% denial rate. Other was the primary loan purpose. Based in TACOMA, WA. The approval rate of 39.4% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Harborstone Credit Union's 39.4% origination rate tells you how often an application turned into funded money; the 51.1% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Other, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,095 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

1,095
Applications
431
Originated
51.1%
Denial Rate
$129,073
Avg Loan Amount
Avg Interest Rate: 8.640% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,095 431 560 $129,073

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Harborstone Credit Union (LEI: 54930028J11BWKUVGX50) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
311
Other
162
Collateral
152
Credit history
43
Credit application incomplete
43
Unverifiable information
4

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Other 605 202 $91,000
Home Improvement 392 182 $97,806
Home Purchase 55 29 $536,636
Cash-out Refinancing 28 15 $278,571
Refinancing 15 3 $708,333

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 694 42.5% 49.6%
Joint 101 47.5% 43.6%
Asian 79 30.4% 60.8%
Black or African American 51 37.3% 51.0%
American Indian or Alaska Native * 15 33.3% 66.7%
Native Hawaiian or Other Pacific Islander * 11 54.5% 36.4%
2 or more minority races * 6 0.0% 66.7%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 871 41.3% 50.8%
Joint * 49 55.1% 32.6%
Hispanic or Latino * 48 31.3% 60.4%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Nearby Lenders in WA

Other HMDA-reporting lenders in WA with similar activity. Compare any two side-by-side.

Coastal Community Bank

Everett, WA

64,233 apps 15,099 originated 1.6% denied

Boeing Employees' Credit Union

Tukwila, WA

21,382 apps 13,093 originated 24.6% denied

Evergreen Moneysource Mortgage Company

BELLEVUE, WA

6,824 apps 4,791 originated 3.0% denied

Banner Bank

Walla Walla, WA

6,099 apps 3,140 originated 33.5% denied

WSECU

OLYMPIA, WA

4,133 apps 1,960 originated 42.2% denied
Compare Harborstone Credit Union vs Coastal Community Bank →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Harborstone Credit Union process?
Harborstone Credit Union processed 1,095 mortgage applications in the 2024 HMDA reporting year. Of these, 431 were originated (approved and funded), 13 were withdrawn by the applicant, and 560 were denied.
What is Harborstone Credit Union's mortgage approval rate?
Harborstone Credit Union has an approval (origination) rate of 39.4%, meaning 39.4% of all applications resulted in a funded mortgage. The denial rate is 51.1%.
What is the average loan amount at Harborstone Credit Union?
The average mortgage loan amount at Harborstone Credit Union is $129,073. The average interest rate is 8.640%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at Harborstone Credit Union?
The most common reasons for mortgage denial at Harborstone Credit Union are: Debt-to-income ratio, Other, Collateral. In total, 560 applications were denied out of 1,095 total applications.
What types of mortgage loans does Harborstone Credit Union offer?
Harborstone Credit Union processes Conventional loans. The most common type is Conventional with 1,095 applications and an average loan amount of $129,073.
What loan purposes does Harborstone Credit Union serve?
Harborstone Credit Union serves the following loan purposes: Other (605 applications), Home Improvement (392 applications), Home Purchase (55 applications), Cash-out Refinancing (28 applications), Refinancing (15 applications). Other is the most common purpose.
Where is Harborstone Credit Union located?
Harborstone Credit Union is headquartered in TACOMA, WA. The lender is identified by LEI 54930028J11BWKUVGX50 in HMDA data.
How does Harborstone Credit Union compare in lending across racial demographics?
Harborstone Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 42.5% and denial rate of 49.6%; Joint applicants have an approval rate of 47.5% and denial rate of 43.6%; Asian applicants have an approval rate of 30.4% and denial rate of 60.8%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is 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.