Washington Mortgage Lending
729 lenders reporting under HMDA
Statewide mortgage activity. Lenders filed 277,210 HMDA-reported mortgage applications in Washington in 2024, originating 153,279 loans and denying 43,536. That puts the statewide denial rate at 15.7% and the approval (origination) rate at 55.3%. The average loan amount across Washington was $423,489 at an average note rate of 7.20%. 729 distinct institutions — banks, credit unions, and independent mortgage companies — filed HMDA data covering activity in the state. Applications span 39 counties and 16 metropolitan areas.
What drives state-level differences. State mortgage denial rates reflect applicant mix more than lender stance. Credit profiles, loan-to-value ratios, debt-to-income, property type, and rural-versus-urban composition all move the number before any lender policy does. Demographic lending data reported under HMDA shows variation across applicant groups — for example, White applicants had an approval rate of 61.7% and denial rate of 16.6%; while Asian applicants had an approval rate of 57.9% and denial rate of 14.6%. These are derived race categories as reported by applicants and do not by themselves prove causation; credit score, income, and loan-to-value are not reported in HMDA and drive much of the underlying variation. Top counties by volume include King County, Pierce County, Snohomish County.
How to read this page. These are aggregate 2024 HMDA disclosures published by the Consumer Financial Protection Bureau — a federal transparency dataset, not a real-time market feed. A state-level number is useful for context but cannot tell you what rate, fees, or underwriting any individual lender will offer a specific borrower. This page is informational data reporting, not financial, legal, or mortgage advice. Shop at least three lenders, compare Loan Estimates line-by-line, and consult a licensed mortgage professional before applying. Data reflects the CFPB HMDA 2024 Snapshot National Loan-Level Dataset; demographic fields reflect derived categories as reported by applicants.
Nearby Lenders in Washington
Top HMDA-reporting lenders active in Washington. Compare any two side-by-side for rates, denial rates, and loan mix.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | Boeing Employees' Credit Union | 12,344 | 8.1% |
| 2 | United Wholesale Mortgage | 8,744 | 5.7% |
| 3 | ROCKET MORTGAGE | 7,879 | 5.1% |
| 4 | GUILD MORTGAGE COMPANY | 5,129 | 3.3% |
| 5 | MOVEMENT MORTGAGE, LLC | 4,812 | 3.1% |
Lending by Race in Washington
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 155,294 | 61.7% | 16.6% |
| Asian | 32,200 | 57.9% | 14.6% |
| Joint | 11,556 | 65.3% | 14.0% |
| Black or African American | 8,380 | 51.7% | 22.7% |
| American Indian or Alaska Native | 2,355 | 51.0% | 23.7% |
| Native Hawaiian or Other Pacific Islander | 1,464 | 51.4% | 23.4% |
| 2 or more minority races | 940 | 55.3% | 22.0% |
Counties in Washington
| County | Applications | Originated | Denial Rate | Avg Loan |
|---|---|---|---|---|
| King County | 66,715 | 37,257 | 14.6% | $652,184 |
| Pierce County | 37,538 | 20,414 | 17.1% | $359,647 |
| Snohomish County | 31,888 | 17,571 | 15.5% | $458,774 |
| Spokane County | 20,831 | 11,841 | 15.6% | $278,388 |
| Clark County | 20,121 | 11,283 | 15.6% | $362,586 |
| Thurston County | 12,466 | 6,961 | 15.3% | $343,295 |
| Kitsap County | 11,827 | 6,613 | 13.4% | $379,927 |
| Benton County | 8,205 | 4,893 | 14.7% | $295,447 |
| Whatcom County | 7,366 | 4,186 | 14.3% | $381,774 |
| Yakima County | 6,703 | 3,582 | 20.4% | $240,162 |
| Cowlitz County | 4,901 | 2,745 | 15.1% | $257,752 |
| Skagit County | 4,331 | 2,401 | 16.5% | $335,418 |
| Island County | 3,857 | 2,067 | 16.1% | $352,651 |
| Lewis County | 3,645 | 1,892 | 20.3% | $274,037 |
| Grays Harbor County | 3,395 | 1,810 | 16.8% | $249,677 |
| Mason County | 3,389 | 1,877 | 15.5% | $292,592 |
| Franklin County | 3,362 | 1,917 | 16.6% | $283,111 |
| Grant County | 3,321 | 1,831 | 18.8% | $246,325 |
| Chelan County | 2,720 | 1,442 | 18.3% | $382,320 |
| Clallam County | 2,616 | 1,456 | 14.9% | $305,138 |
| Kittitas County | 2,100 | 1,234 | 15.1% | $422,686 |
| Walla Walla County | 1,952 | 1,075 | 15.2% | $264,626 |
| Stevens County | 1,763 | 855 | 22.5% | $244,524 |
| Douglas County | 1,588 | 899 | 15.2% | $332,393 |
| Okanogan County | 1,196 | 619 | 17.8% | $247,508 |
| Jefferson County | 1,156 | 595 | 17.6% | $316,401 |
| Pacific County | 1,090 | 588 | 16.5% | $253,394 |
| Whitman County | 1,046 | 597 | 16.0% | $259,924 |
| Asotin County | 740 | 434 | 13.9% | $228,811 |
| Klickitat County | 733 | 348 | 21.3% | $280,307 |
| San Juan County | 671 | 331 | 21.2% | $417,101 |
| Pend Oreille County | 617 | 316 | 18.0% | $257,869 |
| Adams County | 533 | 265 | 21.0% | $230,253 |
| Lincoln County | 532 | 273 | 18.6% | $223,327 |
| Skamania County | 491 | 267 | 15.9% | $344,450 |
| Wahkiakum County | 196 | 93 | 18.4% | $270,204 |
| Ferry County | 188 | 90 | 16.5% | $230,798 |
| Columbia County | 167 | 85 | 22.8% | $196,317 |
| Garfield County | 85 | 51 | 12.9% | $170,647 |
Metro Areas in Washington
Frequently Asked Questions
How many mortgage applications were filed in Washington?
What is the mortgage denial rate in Washington?
What is the average mortgage loan amount in Washington?
How many mortgage lenders operate in Washington?
How do mortgage denial rates vary by demographics in Washington?
Which counties in Washington have the most mortgage activity?
Mortgage Lending Guides
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. State geography per U.S. Census Bureau standards.
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Demographic data reflects derived categories as reported by applicants. Provided for informational purposes only.
Read our methodology — how this data is sourced, computed, and verified.
