Carrington Mortgage Services · Washington · 2025

Carrington Mortgage Services in Washington: approval rate, denial rate and rates (2025)

Carrington Mortgage Services took 971 mortgage applications in Washington in 2025, ranking #64 of 822 lenders active in the state. It originated 30.0% of them and denied 40.0% (51.5% of the applications it decided), against a statewide denial rate of 15.7%.

971Applicationsin WA
51.5%Decision denial ratestate 19.5%
6.63%Median ratestate 6.63%
$305,000Median loanstate $335,000
$86MVolume37 counties

Carrington Mortgage Services in Washington vs the state

40.0%Denial rate+24.31 pts vs state
51.5%Decision denial rate+31.92 pts vs state
30.0%Origination rate-31.09 pts vs state
6.63%Median rate0.00 pts vs state
0.59Rate spread (pts)+0.40 pts vs state
$111kMedian applicant income
291Loans originated
388Denied

Trend in Washington

YearApplicationsOriginatedDenial rateMedian rateRank in state
202362417649.5%6.63%#77
202475222939.6%6.25%#73
202597129140.0%6.63%#64

What Carrington Mortgage Services lends in Washington

By loan purpose

Home purchase 60 6% · 13.3% denied
Refinance 150 15% · 48.0% denied
Cash-out refinance 761 78% · 40.5% denied

By loan type

Conventional 453 47% · 41.5% denied
FHA 298 31% · 39.6% denied
VA 220 23% · 37.3% denied

Why it denied Washington applicants

Incomplete application 283 73%
Debt-to-income ratio 30 8%
Credit history 24 6%
Collateral 19 5%
Other 19 5%
Unverifiable information 5 1%
Insufficient cash 4 1%
Employment history 4 1%

Where in Washington

Counties with the most Carrington Mortgage Services applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Pierce County 1784275 42.1%
King County 1383656 40.6%
Snohomish County 1043233 31.7%
Clark County 752331 41.3%
Spokane County 752824 32.0%
Thurston County 562224 42.9%
Kitsap County 461319 41.3%
Benton County 40924 60.0%
Yakima County 321014 43.8%
Franklin County 23107 30.4%

Other large lenders in Washington

LenderGradeApplicationsDenial rateMedian rate
Boeing Employees Credit UnionB 21,59923.8%6.13%
Rocket MortgageC 14,30115.9%6.63%
United Shore Financial ServicesB 13,77010.0%6.13%
Guild MortgageA 8,0563.4%6.63%
CMG MortgageA 7,8173.1%6.63%
Movement MortgageA 7,4723.6%6.63%
Bank of AmericaF 6,98627.0%5.99%
Crosscountry MortgageB 6,9033.1%6.63%
U.S. BankD 6,56827.6%6.63%
NewrezD 5,84912.9%6.63%

Frequently asked questions

Washington: 971 applications in 2025, of which 291 were originated and 388 denied.

40.0% of all applications, or 51.5% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.

The median rate on loans Carrington Mortgage Services originated in Washington in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are Carrington Mortgage Services'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