BMO Bank in Washington vs the state
33.8%Denial rate+18.14 pts vs state
42.9%Decision denial rate+23.32 pts vs state
43.7%Origination rate-17.38 pts vs state
6.94%Median rate+0.31 pts vs state
0.35Rate spread (pts)+0.16 pts vs state
$196kMedian applicant income
190Loans originated
147Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 360 | 184 | 26.4% | 6.63% | #113 |
| 2024 | 539 | 260 | 24.7% | 6.69% | #91 |
| 2025 | 435 | 190 | 33.8% | 6.94% | #113 |
What BMO Bank lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most BMO Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| King County | 117 | 66 | 22 | 18.8% |
| Yakima County | 107 | 32 | 54 | 50.5% |
| Clark County | 28 | 10 | 13 | 46.4% |
| Pierce County | 23 | 10 | 8 | 34.8% |
| Benton County | 22 | 14 | 4 | 18.2% |
| Snohomish County | 22 | 11 | 5 | 22.7% |
| Franklin County | 19 | 6 | 8 | 42.1% |
| Spokane County | 14 | 6 | 1 | 7.1% |
| Kittitas County | 13 | 6 | 4 | 30.8% |
| Whatcom County | 10 | 5 | 3 | 30.0% |
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: 435 applications in 2025, of which 190 were originated and 147 denied.
33.8% of all applications, or 42.9% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans BMO Bank originated in Washington in 2025 was 6.94%, against a statewide median of 6.63%.
About this data. Figures are BMO Bank'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