Loan Simple in Washington vs the state
6.5%Denial rate-9.20 pts vs state
7.4%Decision denial rate-12.13 pts vs state
80.7%Origination rate+19.59 pts vs state
6.63%Median rate0.00 pts vs state
0.59Rate spread (pts)+0.40 pts vs state
$102kMedian applicant income
25Loans originated
2Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 81 | 60 | 6.2% | 7.19% | #227 |
| 2024 | 80 | 42 | 5.0% | 6.63% | #241 |
| 2025 | 31 | 25 | 6.5% | 6.63% | #342 |
What Loan Simple lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most Loan Simple applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Spokane County | 8 | 7 | 0 | 0.0% |
| King County | 5 | 4 | 0 | 0.0% |
| Benton County | 3 | 3 | 0 | 0.0% |
| Pierce County | 2 | 0 | 1 | 50.0% |
| Grant County | 2 | 2 | 0 | 0.0% |
| Clallam County | 2 | 2 | 0 | 0.0% |
| Whatcom County | 1 | 0 | 0 | 0.0% |
| Grays Harbor County | 1 | 1 | 0 | 0.0% |
| Pacific County | 1 | 1 | 0 | 0.0% |
| Snohomish County | 1 | 1 | 0 | 0.0% |
Other large lenders in Washington
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Boeing Employees Credit Union | B | 21,599 | 23.8% | 6.13% |
| Rocket Mortgage | C | 14,301 | 15.9% | 6.63% |
| United Shore Financial Services | B | 13,770 | 10.0% | 6.13% |
| Guild Mortgage | A | 8,056 | 3.4% | 6.63% |
| CMG Mortgage | A | 7,817 | 3.1% | 6.63% |
| Movement Mortgage | A | 7,472 | 3.6% | 6.63% |
| Bank of America | F | 6,986 | 27.0% | 5.99% |
| Crosscountry Mortgage | B | 6,903 | 3.1% | 6.63% |
| U.S. Bank | D | 6,568 | 27.6% | 6.63% |
| Newrez | D | 5,849 | 12.9% | 6.63% |
Frequently asked questions
Washington: 31 applications in 2025, of which 25 were originated and 2 denied.
6.5% of all applications, or 7.4% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans Loan Simple originated in Washington in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Loan Simple'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