Discover Bank in Washington vs the state
55.1%Denial rate+39.45 pts vs state
78.8%Decision denial rate+59.29 pts vs state
14.5%Origination rate-46.52 pts vs state
8.58%Median rate+1.96 pts vs state
2.00Rate spread (pts)+1.81 pts vs state
$128kMedian applicant income
171Loans originated
648Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 3,578 | 629 | 48.0% | 8.74% | #12 |
| 2024 | 3,583 | 663 | 50.1% | 8.65% | #14 |
| 2025 | 1,176 | 171 | 55.1% | 8.58% | #56 |
What Discover Bank lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most Discover Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| King County | 265 | 31 | 134 | 50.6% |
| Pierce County | 183 | 18 | 119 | 65.0% |
| Snohomish County | 153 | 24 | 82 | 53.6% |
| Clark County | 86 | 12 | 54 | 62.8% |
| Spokane County | 83 | 11 | 45 | 54.2% |
| Thurston County | 56 | 10 | 25 | 44.6% |
| Kitsap County | 45 | 7 | 23 | 51.1% |
| Benton County | 35 | 8 | 17 | 48.6% |
| Yakima County | 32 | 2 | 20 | 62.5% |
| Whatcom County | 29 | 6 | 18 | 62.1% |
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: 1,176 applications in 2025, of which 171 were originated and 648 denied.
55.1% of all applications, or 78.8% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans Discover Bank originated in Washington in 2025 was 8.58%, against a statewide median of 6.63%.
About this data. Figures are Discover Bank'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