Champions Funding · Washington · 2025

Champions Funding in Washington: approval rate, denial rate and rates (2025)

Champions Funding took 251 mortgage applications in Washington in 2025, ranking #168 of 822 lenders active in the state. It originated 54.2% of them and denied 25.5% (32.0% of the applications it decided), against a statewide denial rate of 15.7%.

251Applicationsin WA
32.0%Decision denial ratestate 19.5%
7.38%Median ratestate 6.63%
$465,000Median loanstate $335,000
$71MVolume26 counties

Champions Funding in Washington vs the state

25.5%Denial rate+9.85 pts vs state
32.0%Decision denial rate+12.46 pts vs state
54.2%Origination rate-6.88 pts vs state
7.38%Median rate+0.75 pts vs state
0.96Rate spread (pts)+0.77 pts vs state
$228kMedian applicant income
136Loans originated
64Denied

Trend in Washington

YearApplicationsOriginatedDenial rateMedian rateRank in state
202318755.6%9.00%#391
2024583025.9%7.56%#269
202525113625.5%7.38%#168

What Champions Funding lends in Washington

By loan purpose

Home purchase 103 41% · 21.4% denied
Refinance 50 20% · 28.0% denied
Cash-out refinance 98 39% · 28.6% denied

By loan type

Conventional 251 100% · 25.5% denied

Why it denied Washington applicants

Incomplete application 30 47%
Other 16 25%
Collateral 7 11%
Debt-to-income ratio 5 8%
Credit history 3 5%
Employment history 1 2%
Unverifiable information 1 2%
Insufficient cash 1 2%

Where in Washington

Counties with the most Champions Funding applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
King County 864925 29.1%
Pierce County 48318 16.7%
Snohomish County 27137 25.9%
Yakima County 1282 16.7%
Kitsap County 1244 33.3%
Spokane County 1162 18.2%
Clark County 915 55.6%
Thurston County 752 28.6%
Benton County 550 0.0%
Mason County 431 25.0%

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: 251 applications in 2025, of which 136 were originated and 64 denied.

25.5% of all applications, or 32.0% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.

The median rate on loans Champions Funding originated in Washington in 2025 was 7.38%, against a statewide median of 6.63%.

About this data. Figures are Champions Funding'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