Tacoma-Lakewood Mortgage Lending in 2025

Explore mortgage lending activity in Tacoma-Lakewood (MSA/MD Code 45104) 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 45104
13,731 Loans Originated
• Primary State: Washington (WA)
• $7.00 Billion Originated Volume
• $485,000 Median Loan
Actionable Applications 16,548 +13.30% vs 2024
Approval Rate 87.04% +0.02 pp vs 2024
Denial Rate 12.96% -0.02 pp vs 2024
Loan Originations 13,731 +13.39% vs 2024
Originated Volume $7.00 Billion +16.75% vs 2024

Credit Decision Outcomes (2025)

Outcomes for 16,548 actionable applications (Actions 1, 2, and 3).

87.04%
12.96%
14,404 approved 2,144 denied
Action 1: Originated
13,731 (82.98%)
Action 2: Approved not accepted
673 (4.07%)
Action 3: Denied
2,144 (12.96%)
Action 4: Withdrawn (not in denominator)
3,886 —
Action 5: Incomplete (not in denominator)
1,067 —
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 Tacoma-Lakewood Compares

Metro vs. State Baseline (2025)

Metric Tacoma-Lakewood Washington
Actionable Apps 16,548 123,977
Approval Rate 87.04% 88.14%
Denial Rate 12.96% 11.86%
Originations 13,731 104,474
Originated Volume $7.00 Billion $58.12 Billion
Median Loan $485,000 $475,000
Compared against Washington statewide baseline in 2025.

Lending Trends in Tacoma-Lakewood

Year-over-year shifts: 2025 vs. 2024

Metric 2024 2025 Change
Consumer Universe 18,655 21,501 +15.26%
Actionable Apps 14,606 16,548 +13.30%
Originations 12,109 13,731 +13.39%
Approval Rate 87.02% 87.04% +0.02 pp
Denial Rate 12.98% 12.96% -0.02 pp
Median Loan $475,000 $485,000 +2.11%
Dollar Volume $5.99 Billion $7.00 Billion +16.75%

Applications by Borrower Income (Tacoma-Lakewood)

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

Income Bracket Apps Approval % Denial %
$100k–$149,999 4,958 88.83% 11.17%
$150k+ 5,805 91.85% 8.15%
$50k–$99,999 3,589 80.69% 19.31%
<$50k 566 64.66% 35.34%
Income unavailable/entity 1,630 86.26% 13.74%
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 45104, anchored in Washington (WA).
Metro Share of State Apps 13.35%
Metro Share of State Volume 12.04%
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

Tacoma-Lakewood 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 →

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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.