Homexpress Mortgage · Washington · 2025

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

Homexpress Mortgage took 298 mortgage applications in Washington in 2025, ranking #150 of 822 lenders active in the state. It originated 57.7% of them and denied 40.6% (40.7% of the applications it decided), against a statewide denial rate of 15.7%.

298Applicationsin WA
40.7%Decision denial ratestate 19.5%
7.38%Median ratestate 6.63%
$415,000Median loanstate $335,000
$86MVolume27 counties

Homexpress Mortgage in Washington vs the state

40.6%Denial rate+24.95 pts vs state
40.7%Decision denial rate+21.20 pts vs state
57.7%Origination rate-3.34 pts vs state
7.38%Median rate+0.75 pts vs state
0.89Rate spread (pts)+0.70 pts vs state
$223kMedian applicant income
172Loans originated
121Denied

Trend in Washington

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231518441.7%8.56%#181
202423912544.8%7.75%#156
202529817240.6%7.38%#150

What Homexpress Mortgage lends in Washington

By loan purpose

Home purchase 80 27% · 26.3% denied
Refinance 61 20% · 47.5% denied
Cash-out refinance 157 53% · 45.2% denied

By loan type

Conventional 282 95% · 39.7% denied
FHA 9 3% · 77.8% denied
VA 7 2% · 28.6% denied

Why it denied Washington applicants

Credit history 81 67%
Collateral 21 17%
Debt-to-income ratio 12 10%
Insufficient cash 4 3%
Unverifiable information 3 2%

Where in Washington

Counties with the most Homexpress Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
King County 644022 34.4%
Pierce County 362015 41.7%
Spokane County 351718 51.4%
Snohomish County 352114 40.0%
Clark County 23185 21.7%
Yakima County 17710 58.8%
Whatcom County 1457 50.0%
Thurston County 1284 33.3%
Kitsap County 1046 60.0%
Klickitat County 660 0.0%

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: 298 applications in 2025, of which 172 were originated and 121 denied.

40.6% of all applications, or 40.7% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.

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

About this data. Figures are Homexpress 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