Fairway Independent Mortgage · Washington · 2025

Fairway Independent Mortgage in Washington: approval rate, denial rate and rates (2025)

Fairway Independent Mortgage took 3,386 mortgage applications in Washington in 2025, ranking #21 of 822 lenders active in the state. It originated 73.2% of them and denied 4.4% (5.7% of the applications it decided), against a statewide denial rate of 15.7%.

3.4kApplicationsin WA
5.7%Decision denial ratestate 19.5%
6.63%Median ratestate 6.63%
$445,000Median loanstate $335,000
$1.2BVolume38 counties

Fairway Independent Mortgage in Washington vs the state

4.4%Denial rate-11.22 pts vs state
5.7%Decision denial rate-13.86 pts vs state
73.2%Origination rate+12.18 pts vs state
6.63%Median rate0.00 pts vs state
0.32Rate spread (pts)+0.13 pts vs state
$138kMedian applicant income
2,480Loans originated
150Denied

Trend in Washington

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234,4483,3985.0%6.75%#9
20243,3012,5653.8%6.75%#17
20253,3862,4804.4%6.63%#21

What Fairway Independent Mortgage lends in Washington

By loan purpose

Home purchase 2,378 70% · 3.4% denied
Refinance 552 16% · 4.5% denied
Cash-out refinance 298 9% · 9.7% denied
Home improvement 27 1% · 3.7% denied
Other / HELOC 131 4% · 11.5% denied

By loan type

Conventional 2,490 74% · 4.0% denied
FHA 636 19% · 7.2% denied
VA 255 8% · 1.6% denied
USDA / RHS 5 0% · 0.0% denied

Why it denied Washington applicants

Debt-to-income ratio 50 33%
Credit history 24 16%
Collateral 21 14%
Incomplete application 18 12%
Unverifiable information 15 10%
Other 15 10%
Employment history 4 3%
Insufficient cash 3 2%

Where in Washington

Counties with the most Fairway Independent Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
King County 87961239 4.4%
Pierce County 56641937 6.5%
Snohomish County 37427618 4.8%
Clark County 3252298 2.5%
Spokane County 30823414 4.5%
Thurston County 1571165 3.2%
Kitsap County 1351015 3.7%
Cowlitz County 104813 2.9%
Island County 57480 0.0%
Whatcom County 54420 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: 3,386 applications in 2025, of which 2,480 were originated and 150 denied.

4.4% of all applications, or 5.7% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.

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

About this data. Figures are Fairway Independent 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