HomeStreet Bank · Washington · 2025

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

HomeStreet Bank took 1,119 mortgage applications in Washington in 2025, ranking #58 of 822 lenders active in the state. It originated 69.6% of them and denied 11.7% (14.3% of the applications it decided), against a statewide denial rate of 15.7%.

1.1kApplicationsin WA
14.3%Decision denial ratestate 19.5%
7.38%Median ratestate 6.63%
$355,000Median loanstate $335,000
$363MVolume31 counties

HomeStreet Bank in Washington vs the state

11.7%Denial rate-3.94 pts vs state
14.3%Decision denial rate-5.29 pts vs state
69.6%Origination rate+8.56 pts vs state
7.38%Median rate+0.75 pts vs state
0.46Rate spread (pts)+0.27 pts vs state
$160kMedian applicant income
779Loans originated
131Denied

Trend in Washington

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,6501,06217.3%7.50%#38
20241,6351,10414.6%7.25%#39
20251,11977911.7%7.38%#58

What HomeStreet Bank lends in Washington

By loan purpose

Home purchase 467 42% · 5.6% denied
Refinance 55 5% · 20.0% denied
Cash-out refinance 192 17% · 12.0% denied
Home improvement 161 14% · 10.6% denied
Other / HELOC 244 22% · 22.1% denied

By loan type

Conventional 1,033 92% · 11.4% denied
FHA 59 5% · 22.0% denied
VA 27 2% · 0.0% denied

Why it denied Washington applicants

Credit history 53 40%
Debt-to-income ratio 38 29%
Incomplete application 22 17%
Collateral 14 11%
Other 3 2%
Employment history 1 1%

Where in Washington

Counties with the most HomeStreet Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
King County 39126443 11.0%
Pierce County 24117822 9.1%
Clark County 14210712 8.5%
Snohomish County 1167814 12.1%
Thurston County 39284 10.3%
Spokane County 38246 15.8%
Kitsap County 34235 14.7%
Island County 13112 15.4%
Benton County 1264 33.3%
Grays Harbor County 1164 36.4%

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: 1,119 applications in 2025, of which 779 were originated and 131 denied.

11.7% of all applications, or 14.3% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.

The median rate on loans HomeStreet Bank originated in Washington in 2025 was 7.38%, against a statewide median of 6.63%.

About this data. Figures are HomeStreet 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