Foundation Mortgage in Washington vs the state
17.5%Denial rate+1.89 pts vs state
18.5%Decision denial rate-1.02 pts vs state
40.4%Origination rate-20.71 pts vs state
7.25%Median rate+0.63 pts vs state
1.05Rate spread (pts)+0.86 pts vs state
$268kMedian applicant income
23Loans originated
10Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 10 | 4 | 20.0% | 8.56% | #452 |
| 2024 | 60 | 38 | 11.7% | 7.88% | #264 |
| 2025 | 57 | 23 | 17.5% | 7.25% | #284 |
What Foundation Mortgage lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most Foundation Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| King County | 20 | 9 | 5 | 25.0% |
| Pierce County | 14 | 5 | 2 | 14.3% |
| Snohomish County | 6 | 3 | 2 | 33.3% |
| Whatcom County | 2 | 0 | 0 | 0.0% |
| Walla Walla County | 2 | 1 | 0 | 0.0% |
| Skamania County | 2 | 1 | 0 | 0.0% |
| Chelan County | 2 | 0 | 0 | 0.0% |
| Spokane County | 2 | 0 | 1 | 50.0% |
| Jefferson County | 1 | 1 | 0 | 0.0% |
| Franklin County | 1 | 0 | 0 | 0.0% |
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: 57 applications in 2025, of which 23 were originated and 10 denied.
17.5% of all applications, or 18.5% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans Foundation Mortgage originated in Washington in 2025 was 7.25%, against a statewide median of 6.63%.
About this data. Figures are Foundation 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