Hometown Equity Mortgage · Washington · 2025

Hometown Equity Mortgage in Washington: approval rate, denial rate and rates (2025)

Hometown Equity Mortgage took 171 mortgage applications in Washington in 2025, ranking #200 of 822 lenders active in the state. It originated 45.0% of them and denied 48.0% (50.3% of the applications it decided), against a statewide denial rate of 15.7%.

171Applicationsin WA
50.3%Decision denial ratestate 19.5%
7.38%Median ratestate 6.63%
$405,000Median loanstate $335,000
$38MVolume22 counties

Hometown Equity Mortgage in Washington vs the state

48.0%Denial rate+32.30 pts vs state
50.3%Decision denial rate+30.77 pts vs state
45.0%Origination rate-16.03 pts vs state
7.38%Median rate+0.75 pts vs state
1.42Rate spread (pts)+1.23 pts vs state
$270kMedian applicant income
77Loans originated
82Denied

Trend in Washington

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023742452.7%8.88%#238
2024782466.7%7.56%#243
20251717748.0%7.38%#200

What Hometown Equity Mortgage lends in Washington

By loan purpose

Home purchase 65 38% · 40.0% denied
Refinance 36 21% · 50.0% denied
Cash-out refinance 70 41% · 54.3% denied

By loan type

Conventional 166 97% · 48.8% denied
FHA 5 3% · 20.0% denied

Why it denied Washington applicants

Incomplete application 66 80%
Collateral 9 11%
Credit history 5 6%
Employment history 1 1%
Insufficient cash 1 1%

Where in Washington

Counties with the most Hometown Equity Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
King County 472222 46.8%
Pierce County 26176 23.1%
Spokane County 1569 60.0%
Snohomish County 1338 61.5%
Benton County 1284 33.3%
Clark County 1044 40.0%
Thurston County 844 50.0%
Clallam County 724 57.1%
Whatcom County 623 50.0%
Mason County 413 75.0%

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: 171 applications in 2025, of which 77 were originated and 82 denied.

48.0% of all applications, or 50.3% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.

The median rate on loans Hometown Equity Mortgage originated in Washington in 2025 was 7.38%, against a statewide median of 6.63%.

About this data. Figures are Hometown Equity 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