PlainLender

WASHINGTON FEDERAL

SEATTLE, WA

WASHINGTON FEDERAL processed 3,817 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,641 loans with a 18.4% denial rate. Home Purchase was the primary loan purpose. Based in SEATTLE, WA. The approval rate of 43.0% 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. WASHINGTON FEDERAL processed 3,817 HMDA-reported mortgage applications in 2024, originating 1,641 loans and denying 703 for a denial rate of 18.4% (applicants themselves withdrew 821 files before a decision). The average loan amount was $546,064 at a 7.630% average note rate, and applicants self-reported an average income of $36,000. The lender reports under LEI D38AC76TAMYI50NBPX33 from SEATTLE, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. WASHINGTON FEDERAL's 43.0% origination rate tells you how often an application turned into funded money; the 18.4% 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 (3,817 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.

3,817
Applications
1,641
Originated
18.4%
Denial Rate
$546,064
Avg Loan Amount
Avg Interest Rate: 7.630% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 3,817 1,641 703 $546,064

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for WASHINGTON FEDERAL (LEI: D38AC76TAMYI50NBPX33) · 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
528
Other
249
Collateral
62
Credit history
55
Unverifiable information
25
Employment history
15
Insufficient cash
4

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 2,034 868 $761,893
Home Improvement 764 387 $222,866
Other 514 210 $186,109
Cash-out Refinancing 341 147 $412,390
Refinancing 72 29 $361,806

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 2,389 44.9% 18.9%
Asian 192 37.5% 17.2%
Joint 96 49.0% 10.4%
Black or African American 53 24.5% 28.3%
American Indian or Alaska Native 41 19.5% 31.7%
2 or more minority races 11 18.2% 27.3%
Native Hawaiian or Other Pacific Islander 8 25.0% 50.0%

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 2,283 45.2% 18.0%
Hispanic or Latino 348 34.2% 25.3%
Joint 121 33.1% 22.3%

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 WASHINGTON FEDERAL 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 WASHINGTON FEDERAL process?
WASHINGTON FEDERAL processed 3,817 mortgage applications in the 2023 HMDA reporting year. Of these, 1,641 were originated (approved and funded), 821 were withdrawn by the applicant, and 703 were denied.
What is WASHINGTON FEDERAL's mortgage approval rate?
WASHINGTON FEDERAL has an approval (origination) rate of 43.0%, meaning 43.0% of all applications resulted in a funded mortgage. The denial rate is 18.4%.
What is the average loan amount at WASHINGTON FEDERAL?
The average mortgage loan amount at WASHINGTON FEDERAL is $546,064. The average interest rate is 7.630%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at WASHINGTON FEDERAL?
The most common reasons for mortgage denial at WASHINGTON FEDERAL are: Debt-to-income ratio, Other, Collateral. In total, 703 applications were denied out of 3,817 total applications.
What types of mortgage loans does WASHINGTON FEDERAL offer?
WASHINGTON FEDERAL processes Conventional loans. The most common type is Conventional with 3,817 applications and an average loan amount of $546,064.
What loan purposes does WASHINGTON FEDERAL serve?
WASHINGTON FEDERAL serves the following loan purposes: Home Purchase (2,034 applications), Home Improvement (764 applications), Other (514 applications), Cash-out Refinancing (341 applications), Refinancing (72 applications). Home Purchase is the most common purpose.
Where is WASHINGTON FEDERAL located?
WASHINGTON FEDERAL is headquartered in SEATTLE, WA. The lender is identified by LEI D38AC76TAMYI50NBPX33 in HMDA data.
How does WASHINGTON FEDERAL compare in lending across racial demographics?
WASHINGTON FEDERAL reports demographic lending data under HMDA requirements. White applicants have an approval rate of 44.9% and denial rate of 18.9%; Asian applicants have an approval rate of 37.5% and denial rate of 17.2%; Joint applicants have an approval rate of 49.0% and denial rate of 10.4%. 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.