Seattle-Bellevue-Kent
Metropolitan Statistical Area · MSA Code 42644
According to CFPB HMDA 2024 application volume among tracked metros, Seattle-Bellevue-Kent ranks #47 of 418.
Mortgage lending activity in the Seattle-Bellevue-Kent metro area based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this geography during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Metro-area mortgage activity. The Seattle-Bellevue-Kent Metropolitan Statistical Area (MSA code 42644) recorded 66,732 HMDA-reported mortgage applications in 2024. Lenders originated 37,274 of those and denied others at a rate of 14.5%, for an approval (origination) rate of 55.9%. The average loan amount across the MSA was $653,537 at an average note rate of 7.25%. 20 major lenders are tracked for this metro - Boeing Employees' Credit Union, Rocket Mortgage, United Wholesale Mortgage lead by origination volume. Among the 418 metros tracked, Seattle-Bellevue-Kent ranks #101 by denial rate (the 76th percentile for approval-friendliness), and shares its 5-point denial-rate band with 117 other tracked metros.
What MSA numbers tell you, and what they don't. Metro area boundaries are defined by the U.S. Office of Management and Budget and typically span multiple counties, so a single Seattle-Bellevue-Kent denial rate averages across urban core, inner suburbs, and outer commuter communities with very different borrower profiles. A 14.5% denial rate at the MSA level can coexist with widely varying individual-lender denial rates; $653,537 average loan size reflects the MSA's property values and the borrower pool that actually applied, not any single neighborhood. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Seattle-Bellevue-Kent
In Seattle-Bellevue-Kent, lead originator Boeing Employees' Credit Union funded 14.5% of 37,274 originated loans, above the fleet's upper tercile (~12.8% top-1). The top three reporters together hold 24.0% of the book, so a handful of names dominate disclosed volume here.
Metros With a Similar Denial Rate
The metro areas closest to Seattle-Bellevue-Kent's 14.5% denial rate among all 418 tracked MSAs.
Metros With Similar Application Volume
Nationwide MSAs nearest to Seattle-Bellevue-Kent's 66,732 HMDA applications (deduped against the denial-rate neighbourhood).
Metros With a Similar Average Loan
Nationwide MSAs nearest to Seattle-Bellevue-Kent's $653,537 average loan (deduped against denial and volume peers).
Lenders active in the Seattle-Bellevue-Kent metro
Boeing Employees' Credit Union funded 5,394 of the 37,274 loans originated here, 14.5% of the metro. 20 reporting lenders follow.
| # | Lender | Originated | Applications | Avg Loan | Market Share |
|---|---|---|---|---|---|
| 1 | Boeing Employees' Credit Union | 5,394 | 8,768 | $344,040 | 14.5% |
| 2 | Rocket Mortgage | 1,818 | 2,439 | $504,356 | 4.9% |
| 3 | United Wholesale Mortgage | 1,718 | 2,194 | $628,026 | 4.6% |
| 4 | Movement Mortgage, LLC | 1,543 | 2,069 | $613,463 | 4.1% |
| 5 | Bank of America NA | 1,468 | 2,980 | $515,721 | 3.9% |
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. Metropolitan Statistical Areas defined by the U.S. Office of Management and Budget (OMB).
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only; does not constitute financial advice for Seattle-Bellevue-Kent borrowers.
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 Seattle-Bellevue-Kent 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. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.