American Financing · Washington · 2025

American Financing in Washington: approval rate, denial rate and rates (2025)

American Financing took 549 mortgage applications in Washington in 2025, ranking #95 of 822 lenders active in the state. It originated 16.8% of them and denied 45.5% (63.5% of the applications it decided), against a statewide denial rate of 15.7%.

549Applicationsin WA
63.5%Decision denial ratestate 19.5%
6.43%Median ratestate 6.63%
$285,000Median loanstate $335,000
$23MVolume33 counties

American Financing in Washington vs the state

45.5%Denial rate+29.89 pts vs state
63.5%Decision denial rate+43.91 pts vs state
16.8%Origination rate-44.30 pts vs state
6.43%Median rate-0.19 pts vs state
0.36Rate spread (pts)+0.17 pts vs state
$102kMedian applicant income
92Loans originated
250Denied

Trend in Washington

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232244538.0%6.25%#146
20243827850.5%6.13%#113
20255499245.5%6.43%#95

What American Financing lends in Washington

By loan purpose

Home purchase 10 2% · 10.0% denied
Refinance 140 26% · 67.1% denied
Cash-out refinance 313 57% · 43.5% denied
Other / HELOC 86 16% · 22.1% denied

By loan type

Conventional 291 53% · 36.1% denied
FHA 218 40% · 56.9% denied
VA 40 7% · 52.5% denied

Why it denied Washington applicants

Other 96 38%
Credit history 70 28%
Debt-to-income ratio 40 16%
Collateral 27 11%
Incomplete application 7 3%
Unverifiable information 5 2%
Insufficient cash 3 1%
Employment history 2 1%

Where in Washington

Counties with the most American Financing applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Clark County 821337 45.1%
Pierce County 791734 43.0%
Spokane County 57922 38.6%
Snohomish County 45525 55.6%
King County 39326 66.7%
Benton County 29119 31.0%
Cowlitz County 26414 53.8%
Kitsap County 24013 54.2%
Thurston County 23312 52.2%
Whatcom County 1853 16.7%

Other large lenders in Washington

LenderGradeApplicationsDenial rateMedian rate
Boeing Employees Credit UnionB 21,59923.8%6.13%
Rocket MortgageC 14,30115.9%6.63%
United Shore Financial ServicesB 13,77010.0%6.13%
Guild MortgageA 8,0563.4%6.63%
CMG MortgageA 7,8173.1%6.63%
Movement MortgageA 7,4723.6%6.63%
Bank of AmericaF 6,98627.0%5.99%
Crosscountry MortgageB 6,9033.1%6.63%
U.S. BankD 6,56827.6%6.63%
NewrezD 5,84912.9%6.63%

Frequently asked questions

Washington: 549 applications in 2025, of which 92 were originated and 250 denied.

45.5% of all applications, or 63.5% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.

The median rate on loans American Financing originated in Washington in 2025 was 6.43%, against a statewide median of 6.63%.

About this data. Figures are American Financing's own HMDA filing for properties located in Washington, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology