KITSAP Credit Union · Washington · 2025

KITSAP Credit Union in Washington: approval rate, denial rate and rates (2025)

KITSAP Credit Union took 1,309 mortgage applications in Washington in 2025, ranking #50 of 822 lenders active in the state. It originated 54.6% of them and denied 27.8% (29.9% of the applications it decided), against a statewide denial rate of 15.7%.

1.3kApplicationsin WA
29.9%Decision denial ratestate 19.5%
7.25%Median ratestate 6.63%
$95,000Median loanstate $335,000
$89MVolume19 counties

KITSAP Credit Union in Washington vs the state

27.8%Denial rate+12.16 pts vs state
29.9%Decision denial rate+10.39 pts vs state
54.6%Origination rate-6.51 pts vs state
7.25%Median rate+0.63 pts vs state
0.72Rate spread (pts)+0.53 pts vs state
$111kMedian applicant income
714Loans originated
364Denied

Trend in Washington

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,31478126.5%7.25%#48
20241,20865828.6%7.25%#51
20251,30971427.8%7.25%#50

What KITSAP Credit Union lends in Washington

By loan purpose

Home purchase 129 10% · 21.7% denied
Refinance 270 21% · 8.5% denied
Cash-out refinance 41 3% · 2.4% denied
Home improvement 467 36% · 29.3% denied
Other / HELOC 402 31% · 43.5% denied

By loan type

Conventional 1,296 99% · 28.0% denied
VA 13 1% · 7.7% denied

Why it denied Washington applicants

Debt-to-income ratio 211 58%
Other 95 26%
Collateral 40 11%
Credit history 11 3%
Unverifiable information 5 1%
Insufficient cash 1 0%
Incomplete application 1 0%

Where in Washington

Counties with the most KITSAP Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Kitsap County 840495192 22.9%
Pierce County 1728366 38.4%
Mason County 874533 37.9%
Jefferson County 853628 32.9%
King County 442015 34.1%
Clallam County 22129 40.9%
Snohomish County 1247 58.3%
Thurston County 1274 33.3%
Grays Harbor County 721 14.3%
Island County 622 33.3%

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: 1,309 applications in 2025, of which 714 were originated and 364 denied.

27.8% of all applications, or 29.9% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.

The median rate on loans KITSAP Credit Union originated in Washington in 2025 was 7.25%, against a statewide median of 6.63%.

About this data. Figures are KITSAP Credit Union'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