Washington Mortgage Lending in 2025
Explore residential mortgage lending activity in Washington using official HMDA public records. Review underwriting credit decisions, borrower demographics, regional metro markets, and the most active lenders.
Credit Decision Outcomes (2025)
Outcomes for 123,977 actionable applications (Actions 1, 2, and 3).
How Washington Compares
Key metrics: Washington vs. U.S. (2025)
| Metric | Washington | U.S. |
|---|---|---|
| Actionable Apps | 123,977 | 5,197,320 |
| Approval Rate | 88.14% | 82.12% |
| Denial Rate | 11.86% | 17.88% |
| Originations | 104,474 | 4,052,301 |
| Originated Volume | $58.12 Billion | $1.58 Trillion |
| Median Loan | $475,000 | $325,000 |
Lending Trends in Washington
Year-over-year shifts: 2025 vs. 2024
| Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Consumer Universe | 140,204 | 160,991 | +14.83% |
| Actionable Apps | 108,776 | 123,977 | +13.97% |
| Originations | 91,488 | 104,474 | +14.19% |
| Approval Rate | 88.02% | 88.14% | +0.12 pp |
| Denial Rate | 11.98% | 11.86% | -0.12 pp |
| Median Loan | $465,000 | $475,000 | +2.15% |
| Dollar Volume | $49.37 Billion | $58.12 Billion | +17.73% |
Applications by Borrower Income (Washington)
Approval and denial rates across gross annual income tiers (2025)
| Income Bracket | Apps | Approval % | Denial % |
|---|---|---|---|
| $100k–$149,999 | 31,003 | 89.84% | 10.16% |
| $150k+ | 52,424 | 92.92% | 7.08% |
| $50k–$99,999 | 27,512 | 83.08% | 16.92% |
| <$50k | 4,912 | 59.53% | 40.47% |
| Income unavailable/entity | 8,126 | 85.23% | 14.77% |
Metropolitan Areas in Washington
Top metropolitan areas ranked by total actionable applications
| Metropolitan Area | Apps | Originations | Approval % |
|---|---|---|---|
| Portland-Vancouver-Hillsboro | 36,722 | 31,101 | 88.90% |
| Seattle-Bellevue-Kent | 30,685 | 26,704 | 90.10% |
| Tacoma-Lakewood | 16,548 | 13,731 | 87.04% |
| Everett | 13,464 | 11,603 | 89.36% |
| Spokane-Spokane Valley | 10,117 | 8,400 | 87.09% |
| Olympia-Lacey-Tumwater | 5,649 | 4,670 | 87.48% |
| Kennewick-Richland | 5,604 | 4,680 | 87.67% |
| Bremerton-Silverdale-Port Orchard | 5,297 | 4,548 | 89.64% |
| Bellingham | 3,183 | 2,737 | 89.41% |
| Yakima | 3,287 | 2,496 | 81.87% |
| Longview-Kelso | 2,372 | 1,937 | 86.97% |
| Mount Vernon-Anacortes | 1,883 | 1,556 | 87.47% |
| Wenatchee-East Wenatchee | 1,802 | 1,485 | 86.29% |
| Lewiston | 1,108 | 909 | 87.00% |
| Walla Walla | 827 | 677 | 87.30% |
Top Mortgage Lenders by Action 1 Originations
Institutions ranked strictly by total originated loans in Washington (2025)
| Rank | Lending Institution | Originations | Approval % |
|---|---|---|---|
| 1 | United Wholesale Mortgage | 9,503 | 90.03% |
| 2 | ROCKET MORTGAGE | 6,798 | 82.78% |
| 3 | CMG MORTGAGE INC | 4,599 | 97.45% |
| 4 | GUILD MORTGAGE COMPANY | 4,437 | 96.48% |
| 5 | MOVEMENT MORTGAGE, LLC | 4,401 | 97.09% |
| 6 | CROSSCOUNTRY MORTGAGE, LLC | 4,221 | 97.52% |
| 7 | Boeing Employees' Credit Union | 2,674 | 90.34% |
| 8 | EVERGREEN MONEYSOURCE MORTGAGE COMPANY | 2,240 | 98.73% |
| 9 | JPMorgan Chase Bank, NA | 2,187 | 91.22% |
| 10 | NEWREZ LLC | 2,028 | 81.31% |
Methodology
Learn how HMDA credit outcomes, action codes, and consumer filters are computed.
Read Methodology →State Directory
Compare mortgage lending patterns and approval rates across the 54 reporting states and territories.
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