Direct Rate Home Loans · Washington · 2025

Direct Rate Home Loans in Washington: approval rate, denial rate and rates (2025)

Direct Rate Home Loans took 18 mortgage applications in Washington in 2025, ranking #398 of 822 lenders active in the state. It originated 55.6% of them and denied 11.1% (16.7% of the applications it decided), against a statewide denial rate of 15.7%.

18Applicationsin WA
16.7%Decision denial ratestate 19.5%
6.63%Median ratestate 6.63%
$480,000Median loanstate $335,000
$5.0MVolume6 counties

Direct Rate Home Loans in Washington vs the state

11.1%Denial rate-4.54 pts vs state
16.7%Decision denial rate-2.87 pts vs state
55.6%Origination rate-5.50 pts vs state
6.63%Median rate0.00 pts vs state
0.30Rate spread (pts)+0.11 pts vs state
$128kMedian applicant income
10Loans originated
2Denied

What Direct Rate Home Loans lends in Washington

By loan purpose

Home purchase 11 61% · 9.1% denied
Refinance 5 28% · 0.0% denied
Cash-out refinance 2 11% · 50.0% denied

By loan type

Conventional 14 78% · 14.3% denied
VA 4 22% · 0.0% denied

Why it denied Washington applicants

Unverifiable information 1 50%
Debt-to-income ratio 1 50%

Where in Washington

Counties with the most Direct Rate Home Loans applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
King County 851 12.5%
Pierce County 420 0.0%
Snohomish County 210 0.0%
Island County 211 50.0%
Skagit County 100 0.0%
Thurston County 110 0.0%

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: 18 applications in 2025, of which 10 were originated and 2 denied.

11.1% of all applications, or 16.7% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.

The median rate on loans Direct Rate Home Loans originated in Washington in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are Direct Rate Home Loans'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