Loan Funder · Washington · 2025

Loan Funder in Washington: approval rate, denial rate and rates (2025)

Loan Funder took 109 mortgage applications in Washington in 2025, ranking #231 of 822 lenders active in the state. It originated 28.4% of them and denied 21.1% (42.6% of the applications it decided), against a statewide denial rate of 15.7%.

109Applicationsin WA
42.6%Decision denial ratestate 19.5%
9.75%Median ratestate 6.63%
$455,000Median loanstate $335,000
$23MVolume17 counties

Loan Funder in Washington vs the state

21.1%Denial rate+5.45 pts vs state
42.6%Decision denial rate+23.05 pts vs state
28.4%Origination rate-32.62 pts vs state
9.75%Median rate+3.13 pts vs state
Rate spread (pts)
Median applicant income
31Loans originated
23Denied

Trend in Washington

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023451213.3%11.25%#292
20241304613.9%11.00%#201
20251093121.1%9.75%#231

What Loan Funder lends in Washington

By loan purpose

Home purchase 59 54% · 15.3% denied
Refinance 21 19% · 23.8% denied
Cash-out refinance 29 27% · 31.0% denied

By loan type

Conventional 109 100% · 21.1% denied

Why it denied Washington applicants

Credit history 13 57%
Collateral 6 26%
Employment history 2 9%
Unverifiable information 2 9%

Where in Washington

Counties with the most Loan Funder applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
King County 411410 24.4%
Pierce County 2243 13.6%
Spokane County 830 0.0%
Grays Harbor County 501 20.0%
San Juan County 550 0.0%
Whatcom County 512 40.0%
Snohomish County 403 75.0%
Kitsap County 310 0.0%
Yakima County 301 33.3%
Clark County 301 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: 109 applications in 2025, of which 31 were originated and 23 denied.

21.1% of all applications, or 42.6% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.

The median rate on loans Loan Funder originated in Washington in 2025 was 9.75%, against a statewide median of 6.63%.

About this data. Figures are Loan Funder'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