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Timberland Bank

Hoquiam, WA

Timberland Bank processed 357 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 233 loans with a 11.5% denial rate. Home Purchase was the primary loan purpose. Based in Hoquiam, WA. The approval rate of 65.3% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Timberland Bank's 65.3% origination rate tells you how often an application turned into funded money; the 11.5% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (357 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.

357
Applications
233
Originated
11.5%
Denial Rate
$547,689
Avg Loan Amount
Avg Interest Rate: 7.816% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 357 233 41 $547,689

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Timberland Bank (LEI: 254900MKY47WU65N1J56) · 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 Approval rates exclude withdrawn / incomplete applications.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
24
Credit history
8
Collateral
5
Insufficient cash
3
Other
3
Employment history
2
Unverifiable information
2

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 258 158 $662,481
Refinancing 30 24 $362,333
Home Improvement 28 24 $126,071
Cash-out Refinancing 24 13 $334,167
Other 17 14 $128,529

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 265 68.3% 10.2%
Joint * 17 47.1% 23.5%
Asian * 9 44.4% 11.1%
American Indian or Alaska Native * 3 66.7% 0.0%
Black or African American * 3 33.3% 33.3%
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 261 69.7% 8.4%
Hispanic or Latino * 13 53.9% 23.1%
Joint * 10 40.0% 30.0%

* 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 Timberland Bank vs Coastal Community Bank →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Timberland Bank process?
Timberland Bank processed 357 mortgage applications in the 2024 HMDA reporting year. Of these, 233 were originated (approved and funded), 71 were withdrawn by the applicant, and 41 were denied.
What is Timberland Bank's mortgage approval rate?
Timberland Bank has an approval (origination) rate of 65.3%, meaning 65.3% of all applications resulted in a funded mortgage. The denial rate is 11.5%.
What is the average loan amount at Timberland Bank?
The average mortgage loan amount at Timberland Bank is $547,689. The average interest rate is 7.816%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at Timberland Bank?
The most common reasons for mortgage denial at Timberland Bank are: Debt-to-income ratio, Credit history, Collateral. In total, 41 applications were denied out of 357 total applications.
What types of mortgage loans does Timberland Bank offer?
Timberland Bank processes Conventional loans. The most common type is Conventional with 357 applications and an average loan amount of $547,689.
What loan purposes does Timberland Bank serve?
Timberland Bank serves the following loan purposes: Home Purchase (258 applications), Refinancing (30 applications), Home Improvement (28 applications), Cash-out Refinancing (24 applications), Other (17 applications). Home Purchase is the most common purpose.
Where is Timberland Bank located?
Timberland Bank is headquartered in Hoquiam, WA. The lender is identified by LEI 254900MKY47WU65N1J56 in HMDA data.
How does Timberland Bank compare in lending across racial demographics?
Timberland Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 68.3% and denial rate of 10.2%; Joint applicants have an approval rate of 47.1% and denial rate of 23.5%; Asian applicants have an approval rate of 44.4% and denial rate of 11.1%. 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.