Canopy Mortgage in Washington vs the state
0.6%Denial rate-15.09 pts vs state
0.8%Decision denial rate-18.77 pts vs state
70.3%Origination rate+9.26 pts vs state
6.50%Median rate-0.13 pts vs state
0.16Rate spread (pts)-0.03 pts vs state
$115kMedian applicant income
886Loans originated
7Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 209 | 119 | 4.3% | 6.88% | #153 |
| 2024 | 1,220 | 788 | 1.6% | 6.63% | #50 |
| 2025 | 1,260 | 886 | 0.6% | 6.50% | #53 |
What Canopy Mortgage lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most Canopy Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Spokane County | 438 | 308 | 2 | 0.5% |
| Pierce County | 192 | 126 | 2 | 1.0% |
| Clallam County | 100 | 83 | 0 | 0.0% |
| Kitsap County | 78 | 55 | 0 | 0.0% |
| King County | 61 | 40 | 1 | 1.6% |
| Whatcom County | 54 | 50 | 0 | 0.0% |
| Snohomish County | 50 | 32 | 0 | 0.0% |
| Jefferson County | 32 | 20 | 1 | 3.1% |
| Thurston County | 25 | 17 | 0 | 0.0% |
| Mason County | 22 | 16 | 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: 1,260 applications in 2025, of which 886 were originated and 7 denied.
0.6% of all applications, or 0.8% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans Canopy Mortgage originated in Washington in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are Canopy 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