First Bank · Washington · 2025

First Bank in Washington: approval rate, denial rate and rates (2025)

First Bank took 5 mortgage applications in Washington in 2025, ranking #529 of 822 lenders active in the state. It originated 60.0% of them and denied 20.0% (20.0% of the applications it decided), against a statewide denial rate of 15.7%.

5Applicationsin WA
20.0%Decision denial ratestate 19.5%
5.63%Median ratestate 6.63%
$325,000Median loanstate $335,000
$1.0MVolume5 counties

First Bank in Washington vs the state

20.0%Denial rate+4.35 pts vs state
20.0%Decision denial rate+0.46 pts vs state
60.0%Origination rate-1.06 pts vs state
5.63%Median rate-1.00 pts vs state
-0.07Rate spread (pts)-0.26 pts vs state
$78kMedian applicant income
3Loans originated
1Denied

What First Bank lends in Washington

By loan purpose

Home purchase 2 40% · 0.0% denied
Refinance 1 20% · 0.0% denied
Cash-out refinance 2 40% · 50.0% denied

By loan type

Conventional 4 80% · 25.0% denied
VA 1 20% · 0.0% denied

Why it denied Washington applicants

Debt-to-income ratio 1 100%

Where in Washington

Counties with the most First Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Yakima County 110 0.0%
Pierce County 101 100.0%
Clark County 110 0.0%
King County 110 0.0%
Franklin County 100 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: 5 applications in 2025, of which 3 were originated and 1 denied.

20.0% of all applications, or 20.0% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.

The median rate on loans First Bank originated in Washington in 2025 was 5.63%, against a statewide median of 6.63%.

About this data. Figures are First 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