Cake Mortgage in Washington vs the state
11.1%Denial rate-4.54 pts vs state
17.7%Decision denial rate-1.89 pts vs state
51.9%Origination rate-9.21 pts vs state
7.38%Median rate+0.75 pts vs state
0.82Rate spread (pts)+0.63 pts vs state
$202kMedian applicant income
28Loans originated
6Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 15 | 7 | 6.7% | 6.50% | #412 |
| 2024 | 40 | 19 | 5.0% | 7.50% | #300 |
| 2025 | 54 | 28 | 11.1% | 7.38% | #289 |
What Cake Mortgage lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most Cake Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| King County | 25 | 15 | 1 | 4.0% |
| Whatcom County | 5 | 1 | 2 | 40.0% |
| Pierce County | 5 | 3 | 0 | 0.0% |
| Spokane County | 4 | 0 | 2 | 50.0% |
| Snohomish County | 3 | 2 | 0 | 0.0% |
| Clark County | 2 | 2 | 0 | 0.0% |
| Lewis County | 2 | 2 | 0 | 0.0% |
| Thurston County | 2 | 0 | 0 | 0.0% |
| Cowlitz County | 1 | 0 | 0 | 0.0% |
| Skagit County | 1 | 1 | 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: 54 applications in 2025, of which 28 were originated and 6 denied.
11.1% of all applications, or 17.7% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans Cake Mortgage originated in Washington in 2025 was 7.38%, against a statewide median of 6.63%.
About this data. Figures are Cake Mortgage'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