Merchants Mortgage & Trust Corporation in Washington vs the state
1.3%Denial rate-14.32 pts vs state
1.5%Decision denial rate-18.05 pts vs state
88.0%Origination rate+26.94 pts vs state
10.25%Median rate+3.63 pts vs state
—Rate spread (pts)
—Median applicant income
132Loans originated
2Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 112 | 101 | 0.0% | 10.50% | #210 |
| 2024 | 130 | 114 | 0.0% | 10.50% | #202 |
| 2025 | 150 | 132 | 1.3% | 10.25% | #215 |
What Merchants Mortgage & Trust Corporation lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most Merchants Mortgage & Trust Corporation applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| King County | 59 | 53 | 0 | 0.0% |
| Pierce County | 34 | 32 | 1 | 2.9% |
| Snohomish County | 33 | 29 | 0 | 0.0% |
| Clark County | 9 | 7 | 0 | 0.0% |
| Kitsap County | 6 | 5 | 1 | 16.7% |
| Island County | 4 | 4 | 0 | 0.0% |
| Spokane County | 2 | 0 | 0 | 0.0% |
| Thurston County | 1 | 1 | 0 | 0.0% |
| Mason County | 1 | 1 | 0 | 0.0% |
| Jefferson County | 1 | 0 | 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: 150 applications in 2025, of which 132 were originated and 2 denied.
1.3% of all applications, or 1.5% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans Merchants Mortgage & Trust Corporation originated in Washington in 2025 was 10.25%, against a statewide median of 6.63%.
About this data. Figures are Merchants Mortgage & Trust Corporation'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