Bank of America in Washington vs the state
27.0%Denial rate+11.33 pts vs state
35.1%Decision denial rate+15.53 pts vs state
49.0%Origination rate-12.10 pts vs state
5.99%Median rate-0.63 pts vs state
0.55Rate spread (pts)+0.36 pts vs state
$155kMedian applicant income
3,420Loans originated
1,885Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 7,226 | 3,152 | 40.5% | 6.74% | #4 |
| 2024 | 6,469 | 3,011 | 27.7% | 6.99% | #7 |
| 2025 | 6,986 | 3,420 | 27.0% | 5.99% | #7 |
What Bank of America lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most Bank of America applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| King County | 3,117 | 1,742 | 676 | 21.7% |
| Snohomish County | 1,195 | 543 | 333 | 27.9% |
| Pierce County | 810 | 355 | 287 | 35.4% |
| Clark County | 363 | 176 | 107 | 29.5% |
| Kitsap County | 238 | 108 | 66 | 27.7% |
| Spokane County | 237 | 99 | 79 | 33.3% |
| Thurston County | 169 | 79 | 45 | 26.6% |
| Whatcom County | 113 | 35 | 38 | 33.6% |
| Skagit County | 111 | 43 | 37 | 33.3% |
| Benton County | 110 | 41 | 42 | 38.2% |
Other large lenders in Washington
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Boeing Employees Credit Union | B | 21,599 | 23.8% | 6.13% |
| Rocket Mortgage | C | 14,301 | 15.9% | 6.63% |
| United Shore Financial Services | B | 13,770 | 10.0% | 6.13% |
| Guild Mortgage | A | 8,056 | 3.4% | 6.63% |
| CMG Mortgage | A | 7,817 | 3.1% | 6.63% |
| Movement Mortgage | A | 7,472 | 3.6% | 6.63% |
| Crosscountry Mortgage | B | 6,903 | 3.1% | 6.63% |
| U.S. Bank | D | 6,568 | 27.6% | 6.63% |
| Newrez | D | 5,849 | 12.9% | 6.63% |
| Pennymac Loan Services | C | 5,091 | 10.9% | 6.50% |
Frequently asked questions
Washington: 6,986 applications in 2025, of which 3,420 were originated and 1,885 denied.
27.0% of all applications, or 35.1% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans Bank of America originated in Washington in 2025 was 5.99%, against a statewide median of 6.63%.
About this data. Figures are Bank of America'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