Mechanics Bank in Washington vs the state
12.6%Denial rate-3.07 pts vs state
16.1%Decision denial rate-3.42 pts vs state
63.2%Origination rate+2.17 pts vs state
6.63%Median rate0.00 pts vs state
0.36Rate spread (pts)+0.17 pts vs state
$192kMedian applicant income
196Loans originated
39Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 6 | 4 | 16.7% | 5.80% | #513 |
| 2025 | 310 | 196 | 12.6% | 6.63% | #143 |
What Mechanics Bank lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most Mechanics Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| King County | 125 | 83 | 15 | 12.0% |
| Clark County | 59 | 33 | 11 | 18.6% |
| Snohomish County | 33 | 22 | 2 | 6.1% |
| Pierce County | 31 | 19 | 4 | 12.9% |
| Spokane County | 14 | 10 | 1 | 7.1% |
| Kitsap County | 8 | 5 | 1 | 12.5% |
| Thurston County | 8 | 5 | 0 | 0.0% |
| Skagit County | 6 | 3 | 1 | 16.7% |
| Cowlitz County | 5 | 3 | 1 | 20.0% |
| Island County | 3 | 2 | 1 | 33.3% |
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: 310 applications in 2025, of which 196 were originated and 39 denied.
12.6% of all applications, or 16.1% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans Mechanics Bank originated in Washington in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Mechanics Bank'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