PlainLender

KITSAP CREDIT UNION

BREMERTON, WA

KITSAP CREDIT UNION processed 1,212 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 660 loans with a 28.5% denial rate. Home Improvement was the primary loan purpose. Based in BREMERTON, WA. The approval rate of 54.5% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. KITSAP CREDIT UNION processed 1,212 HMDA-reported mortgage applications in 2024, originating 660 loans and denying 345 for a denial rate of 28.5% (applicants themselves withdrew 73 files before a decision). The average loan amount was $124,678 at a 7.566% average note rate, and applicants self-reported an average income of $38,000. The lender reports under LEI 549300YEI60WAHWQ3110 from BREMERTON, WA.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. KITSAP CREDIT UNION's 54.5% origination rate tells you how often an application turned into funded money; the 28.5% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Collateral, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,205 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.

1,212
Applications
660
Originated
28.5%
Denial Rate
$124,678
Avg Loan Amount
Avg Interest Rate: 7.566% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,205 657 344 $123,257
VA 7 3 1 $369,286

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for KITSAP CREDIT UNION (LEI: 549300YEI60WAHWQ3110) · 2023 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
218
Collateral
116
Other
88
Credit history
21
Unverifiable information
6
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 444 263 $93,491
Other 406 176 $85,025
Refinancing 196 156 $136,122
Home Purchase 130 56 $297,231
Cash-out Refinancing 36 9 $271,111

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 947 56.8% 25.9%
Asian 63 34.9% 52.4%
Joint 43 58.1% 32.6%
Black or African American 25 44.0% 40.0%
Native Hawaiian or Other Pacific Islander 20 55.0% 35.0%
American Indian or Alaska Native 5 40.0% 40.0%
2 or more minority races 2 0.0% 100.0%

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 996 55.8% 27.6%
Hispanic or Latino 50 32.0% 42.0%
Joint 39 53.9% 41.0%

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 KITSAP CREDIT UNION vs Coastal Community Bank →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did KITSAP CREDIT UNION process?
KITSAP CREDIT UNION processed 1,212 mortgage applications in the 2023 HMDA reporting year. Of these, 660 were originated (approved and funded), 73 were withdrawn by the applicant, and 345 were denied.
What is KITSAP CREDIT UNION's mortgage approval rate?
KITSAP CREDIT UNION has an approval (origination) rate of 54.5%, meaning 54.5% of all applications resulted in a funded mortgage. The denial rate is 28.5%.
What is the average loan amount at KITSAP CREDIT UNION?
The average mortgage loan amount at KITSAP CREDIT UNION is $124,678. The average interest rate is 7.566%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at KITSAP CREDIT UNION?
The most common reasons for mortgage denial at KITSAP CREDIT UNION are: Debt-to-income ratio, Collateral, Other. In total, 345 applications were denied out of 1,212 total applications.
What types of mortgage loans does KITSAP CREDIT UNION offer?
KITSAP CREDIT UNION processes Conventional, VA loans. The most common type is Conventional with 1,205 applications and an average loan amount of $123,257.
What loan purposes does KITSAP CREDIT UNION serve?
KITSAP CREDIT UNION serves the following loan purposes: Home Improvement (444 applications), Other (406 applications), Refinancing (196 applications), Home Purchase (130 applications), Cash-out Refinancing (36 applications). Home Improvement is the most common purpose.
Where is KITSAP CREDIT UNION located?
KITSAP CREDIT UNION is headquartered in BREMERTON, WA. The lender is identified by LEI 549300YEI60WAHWQ3110 in HMDA data.
How does KITSAP CREDIT UNION compare in lending across racial demographics?
KITSAP CREDIT UNION reports demographic lending data under HMDA requirements. White applicants have an approval rate of 56.8% and denial rate of 25.9%; Asian applicants have an approval rate of 34.9% and denial rate of 52.4%; Joint applicants have an approval rate of 58.1% and denial rate of 32.6%. 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.