Spokane-Spokane Valley Mortgage Lending in 2025

Explore mortgage lending activity in Spokane-Spokane Valley (MSA/MD Code 44060) using official HMDA public records. Review underwriting outcomes, borrower characteristics, and regional lending benchmarks.

Source: Federal Financial Institutions Examination Council (FFIEC) / Consumer Financial Protection Bureau (CFPB) • Dataset: 2025 Snapshot National Loan-Level Dataset • Updated: June 2, 2026 • Methodology →
Metropolitan Area 44060
8,400 Loans Originated
• Primary State: Washington (WA)
• $3.26 Billion Originated Volume
• $365,000 Median Loan
Actionable Applications 10,117 +12.71% vs 2024
Approval Rate 87.09% +0.15 pp vs 2024
Denial Rate 12.91% -0.15 pp vs 2024
Loan Originations 8,400 +12.46% vs 2024
Originated Volume $3.26 Billion +16.88% vs 2024

Credit Decision Outcomes (2025)

Outcomes for 10,117 actionable applications (Actions 1, 2, and 3).

87.09%
12.91%
8,811 approved 1,306 denied
Action 1: Originated
8,400 (83.03%)
Action 2: Approved not accepted
411 (4.06%)
Action 3: Denied
1,306 (12.91%)
Action 4: Withdrawn (not in denominator)
2,518 —
Action 5: Incomplete (not in denominator)
527 —
How to read this: Approval rate uses Actions 1, 2, and 3. Actions 4 and 5 are excluded from the credit decision denominator. Read the full methodology →

How Spokane-Spokane Valley Compares

Metro vs. State Baseline (2025)

Metric Spokane-Spokane Valley Washington
Actionable Apps 10,117 123,977
Approval Rate 87.09% 88.14%
Denial Rate 12.91% 11.86%
Originations 8,400 104,474
Originated Volume $3.26 Billion $58.12 Billion
Median Loan $365,000 $475,000
Compared against Washington statewide baseline in 2025.

Lending Trends in Spokane-Spokane Valley

Year-over-year shifts: 2025 vs. 2024

Metric 2024 2025 Change
Consumer Universe 11,544 13,162 +14.02%
Actionable Apps 8,976 10,117 +12.71%
Originations 7,469 8,400 +12.46%
Approval Rate 86.94% 87.09% +0.15 pp
Denial Rate 13.06% 12.91% -0.15 pp
Median Loan $345,000 $365,000 +5.80%
Dollar Volume $2.79 Billion $3.26 Billion +16.88%

Applications by Borrower Income (Spokane-Spokane Valley)

Approval and denial rates across gross annual income tiers (2025)

Income Bracket Apps Approval % Denial %
$100k–$149,999 2,630 91.22% 8.78%
$150k+ 2,546 92.42% 7.58%
$50k–$99,999 3,483 85.90% 14.10%
<$50k 718 60.03% 39.97%
Income unavailable/entity 740 85.95% 14.05%
Gross annual borrower income relied upon during credit underwriting. Descriptive figures only; does not establish causation.

Geographic Market Context

Regional integration within Washington (2025)

Official Geographic Designation: Metropolitan Statistical Area / Division 44060, anchored in Washington (WA).
Metro Share of State Apps 8.16%
Metro Share of State Volume 5.61%
Geographic Notice: OpenFileData reports verified OMB-designated metropolitan boundaries. Detailed county-level vector choropleths are omitted unless authoritative polygon geometries and county-level consumer records are officially available, preventing data fabrication.

Parent State Association

Explore Washington statewide mortgage activity

Spokane-Spokane Valley is part of OpenFileData’s statewide coverage of Washington. View statewide approval benchmarks, metropolitan rankings, and institution profiles across all reporting jurisdictions.

Washington Statewide Overview Active Profile
Statewide Actionable Applications: 123,977
Explore Washington State Profile →

Methodology

Learn how HMDA credit outcomes, action codes, and consumer filters are computed.

Read Methodology →

Washington Profile

Compare all metropolitan areas located in Washington.

View State Page →

Download Data

Export official Spokane-Spokane Valley mortgage data for research or analysis.

CSV Export JSON Export

Methodology & Disclosures

Credit Decision Denominator Rule: Approval and denial rates are calculated strictly among actionable applications reaching a formal credit underwriting decision (Actions 1, 2, and 3: loan originated, approved but not accepted, denied). Applications withdrawn by borrower (Action 4) and closed for incompleteness (Action 5) are tracked in the broader Consumer Mortgage Universe for market completeness but excluded from credit decision rates as no underwriting decision occurred.

Official Data Source & Freeze Date: Official Home Mortgage Disclosure Act (HMDA) records published by the Federal Financial Institutions Examination Council (FFIEC) and Consumer Financial Protection Bureau (CFPB). Primary analysis uses the 2025 Snapshot National Loan-Level Dataset (frozen June 2, 2026); historical baseline uses the 2024 One-Year National Loan-Level Dataset (frozen June 2, 2026).

Public Interest Commitment: OpenFileData does not sell mortgage leads, lender placements, paid rankings, or individualized mortgage recommendations.

For complete technical formulas, SQL implementations, and data definitions, read the full Mortgage Lending Methodology Specification.