Merchants Bank of Indiana in Washington vs the state
9.1%Denial rate-6.56 pts vs state
12.5%Decision denial rate-7.04 pts vs state
63.6%Origination rate+2.58 pts vs state
6.00%Median rate-0.63 pts vs state
-0.21Rate spread (pts)-0.40 pts vs state
$343kMedian applicant income
7Loans originated
1Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2024 | 6 | 5 | 16.7% | 8.44% | #497 |
| 2025 | 11 | 7 | 9.1% | 6.00% | #445 |
What Merchants Bank of Indiana lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most Merchants Bank of Indiana applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| King County | 6 | 5 | 0 | 0.0% |
| Pierce County | 2 | 0 | 1 | 50.0% |
| Grays Harbor County | 1 | 1 | 0 | 0.0% |
| Thurston County | 1 | 0 | 0 | 0.0% |
| Pacific 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: 11 applications in 2025, of which 7 were originated and 1 denied.
9.1% of all applications, or 12.5% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans Merchants Bank of Indiana originated in Washington in 2025 was 6.00%, against a statewide median of 6.63%.
About this data. Figures are Merchants Bank of Indiana'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