Heritage Bank in Washington vs the state
35.8%Denial rate+20.19 pts vs state
36.8%Decision denial rate+17.24 pts vs state
57.2%Origination rate-3.89 pts vs state
7.74%Median rate+1.12 pts vs state
0.54Rate spread (pts)+0.35 pts vs state
$131kMedian applicant income
335Loans originated
210Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 701 | 436 | 23.3% | 8.24% | #72 |
| 2024 | 559 | 330 | 33.6% | 8.74% | #87 |
| 2025 | 586 | 335 | 35.8% | 7.74% | #91 |
What Heritage Bank lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most Heritage Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Pierce County | 167 | 96 | 60 | 35.9% |
| King County | 86 | 47 | 34 | 39.5% |
| Island County | 72 | 45 | 23 | 31.9% |
| Snohomish County | 60 | 33 | 18 | 30.0% |
| Thurston County | 50 | 30 | 17 | 34.0% |
| Skagit County | 36 | 24 | 10 | 27.8% |
| Yakima County | 28 | 11 | 13 | 46.4% |
| Cowlitz County | 14 | 9 | 5 | 35.7% |
| Whatcom County | 13 | 10 | 3 | 23.1% |
| Clark County | 12 | 7 | 5 | 41.7% |
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: 586 applications in 2025, of which 335 were originated and 210 denied.
35.8% of all applications, or 36.8% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans Heritage Bank originated in Washington in 2025 was 7.74%, against a statewide median of 6.63%.
About this data. Figures are Heritage 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