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Qualstar Credit Union

BOTHELL, WA

Qualstar Credit Union processed 361 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 296 loans with a 10.8% denial rate. Home Improvement was the primary loan purpose. Based in BOTHELL, WA. The approval rate of 82.0% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Qualstar Credit Union's 82.0% origination rate tells you how often an application turned into funded money; the 10.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Collateral, Debt-to-income ratio, Credit history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (361 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.

361
Applications
296
Originated
10.8%
Denial Rate
$134,861
Avg Loan Amount
Avg Interest Rate: 7.472% Avg Applicant Income: $40,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 361 296 39 $134,861

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Qualstar Credit Union (LEI: 254900QPRPHIXEAX3L37) · 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 Approval rates exclude withdrawn / incomplete applications.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

Collateral
19
Debt-to-income ratio
15
Credit history
9
Other
3
Unverifiable information
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 263 223 $95,760
Home Purchase 37 27 $349,054
Refinancing 35 26 $174,714
Cash-out Refinancing 26 20 $171,923

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 280 85.4% 10.0%
Black or African American * 27 77.8% 14.8%
Asian * 20 50.0% 20.0%
Native Hawaiian or Other Pacific Islander * 9 66.7% 22.2%
Joint * 6 83.3% 0.0%
American Indian or Alaska Native * 5 80.0% 0.0%
2 or more minority races * 1 100.0% 0.0%

* 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 300 82.0% 11.0%
Hispanic or Latino * 48 79.2% 12.5%
Joint * 9 88.9% 0.0%

* 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 Qualstar Credit Union vs Coastal Community Bank →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Qualstar Credit Union process?
Qualstar Credit Union processed 361 mortgage applications in the 2024 HMDA reporting year. Of these, 296 were originated (approved and funded), 13 were withdrawn by the applicant, and 39 were denied.
What is Qualstar Credit Union's mortgage approval rate?
Qualstar Credit Union has an approval (origination) rate of 82.0%, meaning 82.0% of all applications resulted in a funded mortgage. The denial rate is 10.8%.
What is the average loan amount at Qualstar Credit Union?
The average mortgage loan amount at Qualstar Credit Union is $134,861. The average interest rate is 7.472%. The average applicant income is $40,000.
What are the most common reasons for mortgage denial at Qualstar Credit Union?
The most common reasons for mortgage denial at Qualstar Credit Union are: Collateral, Debt-to-income ratio, Credit history. In total, 39 applications were denied out of 361 total applications.
What types of mortgage loans does Qualstar Credit Union offer?
Qualstar Credit Union processes Conventional loans. The most common type is Conventional with 361 applications and an average loan amount of $134,861.
What loan purposes does Qualstar Credit Union serve?
Qualstar Credit Union serves the following loan purposes: Home Improvement (263 applications), Home Purchase (37 applications), Refinancing (35 applications), Cash-out Refinancing (26 applications). Home Improvement is the most common purpose.
Where is Qualstar Credit Union located?
Qualstar Credit Union is headquartered in BOTHELL, WA. The lender is identified by LEI 254900QPRPHIXEAX3L37 in HMDA data.
How does Qualstar Credit Union compare in lending across racial demographics?
Qualstar Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 85.4% and denial rate of 10.0%; Black or African American applicants have an approval rate of 77.8% and denial rate of 14.8%; Asian applicants have an approval rate of 50.0% and denial rate of 20.0%. 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.