Bay Equity in Washington vs the state
3.2%Denial rate-12.45 pts vs state
4.4%Decision denial rate-15.15 pts vs state
69.3%Origination rate+8.23 pts vs state
6.63%Median rate0.00 pts vs state
0.08Rate spread (pts)-0.11 pts vs state
$148kMedian applicant income
476Loans originated
22Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,360 | 955 | 4.6% | 6.63% | #46 |
| 2024 | 1,622 | 1,111 | 4.0% | 6.63% | #40 |
| 2025 | 687 | 476 | 3.2% | 6.63% | #82 |
What Bay Equity lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most Bay Equity applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Pierce County | 188 | 136 | 7 | 3.7% |
| King County | 179 | 124 | 9 | 5.0% |
| Snohomish County | 75 | 58 | 1 | 1.3% |
| Thurston County | 54 | 38 | 1 | 1.9% |
| Clark County | 48 | 35 | 0 | 0.0% |
| Kitsap County | 27 | 13 | 0 | 0.0% |
| Spokane County | 19 | 8 | 0 | 0.0% |
| Whatcom County | 13 | 9 | 1 | 7.7% |
| Cowlitz County | 13 | 5 | 0 | 0.0% |
| Skagit County | 11 | 8 | 0 | 0.0% |
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% |
| Bank of America | F | 6,986 | 27.0% | 5.99% |
| 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% |
Frequently asked questions
Washington: 687 applications in 2025, of which 476 were originated and 22 denied.
3.2% of all applications, or 4.4% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans Bay Equity originated in Washington in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Bay Equity'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