Flagstar Bank in Washington vs the state
33.2%Denial rate+17.54 pts vs state
40.3%Decision denial rate+20.78 pts vs state
48.2%Origination rate-12.83 pts vs state
6.40%Median rate-0.23 pts vs state
0.00Rate spread (pts)-0.19 pts vs state
$148kMedian applicant income
109Loans originated
75Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,221 | 626 | 25.7% | 7.25% | #52 |
| 2024 | 790 | 438 | 25.4% | 6.88% | #69 |
| 2025 | 226 | 109 | 33.2% | 6.40% | #181 |
What Flagstar Bank lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most Flagstar Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| King County | 45 | 17 | 15 | 33.3% |
| Pierce County | 26 | 13 | 4 | 15.4% |
| Benton County | 24 | 19 | 4 | 16.7% |
| Clark County | 23 | 15 | 6 | 26.1% |
| Spokane County | 19 | 12 | 7 | 36.8% |
| Snohomish County | 17 | 6 | 7 | 41.2% |
| Yakima County | 14 | 4 | 9 | 64.3% |
| Clallam County | 13 | 9 | 3 | 23.1% |
| Kitsap County | 8 | 3 | 4 | 50.0% |
| Thurston County | 7 | 2 | 3 | 42.9% |
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: 226 applications in 2025, of which 109 were originated and 75 denied.
33.2% of all applications, or 40.3% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans Flagstar Bank originated in Washington in 2025 was 6.40%, against a statewide median of 6.63%.
About this data. Figures are Flagstar 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