Lower in Washington vs the state
11.6%Denial rate-4.07 pts vs state
19.1%Decision denial rate-0.44 pts vs state
48.4%Origination rate-12.68 pts vs state
6.50%Median rate-0.13 pts vs state
0.28Rate spread (pts)+0.09 pts vs state
$135kMedian applicant income
284Loans originated
68Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 191 | 124 | 12.6% | 6.50% | #160 |
| 2024 | 221 | 93 | 16.3% | 6.63% | #162 |
| 2025 | 587 | 284 | 11.6% | 6.50% | #89 |
What Lower lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most Lower applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| King County | 114 | 57 | 12 | 10.5% |
| Snohomish County | 77 | 40 | 8 | 10.4% |
| Pierce County | 71 | 28 | 6 | 8.5% |
| Spokane County | 47 | 23 | 3 | 6.4% |
| Clark County | 41 | 22 | 7 | 17.1% |
| Clallam County | 34 | 24 | 2 | 5.9% |
| Whatcom County | 27 | 17 | 3 | 11.1% |
| Thurston County | 23 | 10 | 3 | 13.0% |
| Kitsap County | 22 | 9 | 5 | 22.7% |
| Benton County | 18 | 7 | 2 | 11.1% |
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: 587 applications in 2025, of which 284 were originated and 68 denied.
11.6% of all applications, or 19.1% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans Lower originated in Washington in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are Lower'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