First Interstate Bank · Washington · 2025

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

First Interstate Bank took 136 mortgage applications in Washington in 2025, ranking #219 of 822 lenders active in the state. It originated 58.1% of them and denied 27.2% (31.6% of the applications it decided), against a statewide denial rate of 15.7%.

136Applicationsin WA
31.6%Decision denial ratestate 19.5%
8.25%Median ratestate 6.63%
$105,000Median loanstate $335,000
$16MVolume16 counties

First Interstate Bank in Washington vs the state

27.2%Denial rate+11.56 pts vs state
31.6%Decision denial rate+12.08 pts vs state
58.1%Origination rate-2.97 pts vs state
8.25%Median rate+1.63 pts vs state
1.08Rate spread (pts)+0.89 pts vs state
$122kMedian applicant income
79Loans originated
37Denied

Trend in Washington

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231537136.6%8.75%#178
20241728438.4%9.25%#177
20251367927.2%8.25%#219

What First Interstate Bank lends in Washington

By loan purpose

Home purchase 24 18% · 25.0% denied
Refinance 36 26% · 25.0% denied
Cash-out refinance 5 4% · 80.0% denied
Home improvement 51 38% · 19.6% denied
Other / HELOC 20 15% · 40.0% denied

By loan type

Conventional 136 100% · 27.2% denied

Why it denied Washington applicants

Debt-to-income ratio 24 65%
Collateral 9 24%
Credit history 4 11%

Where in Washington

Counties with the most First Interstate Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Spokane County 905425 27.8%
Pacific County 1475 35.7%
Grant County 633 50.0%
Klickitat County 641 16.7%
Pend Oreille County 411 25.0%
Stevens County 330 0.0%
Grays Harbor County 330 0.0%
Whatcom County 210 0.0%
Benton County 101 100.0%
Okanogan 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: 136 applications in 2025, of which 79 were originated and 37 denied.

27.2% of all applications, or 31.6% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.

The median rate on loans First Interstate Bank originated in Washington in 2025 was 8.25%, against a statewide median of 6.63%.

About this data. Figures are First Interstate 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