Mortgage Research Center in Washington vs the state
17.0%Denial rate+1.39 pts vs state
27.8%Decision denial rate+8.25 pts vs state
43.9%Origination rate-17.16 pts vs state
6.13%Median rate-0.50 pts vs state
-0.38Rate spread (pts)-0.56 pts vs state
$116kMedian applicant income
1,561Loans originated
606Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,265 | 1,110 | 15.3% | 6.63% | #26 |
| 2024 | 2,721 | 1,322 | 15.1% | 6.25% | #25 |
| 2025 | 3,556 | 1,561 | 17.0% | 6.13% | #16 |
What Mortgage Research Center lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most Mortgage Research Center applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Pierce County | 683 | 298 | 136 | 19.9% |
| Spokane County | 333 | 152 | 39 | 11.7% |
| Thurston County | 315 | 149 | 47 | 14.9% |
| Kitsap County | 292 | 135 | 52 | 17.8% |
| King County | 288 | 118 | 55 | 19.1% |
| Snohomish County | 233 | 95 | 46 | 19.7% |
| Clark County | 193 | 73 | 34 | 17.6% |
| Island County | 128 | 64 | 18 | 14.1% |
| Benton County | 98 | 33 | 17 | 17.3% |
| Cowlitz County | 89 | 49 | 7 | 7.9% |
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: 3,556 applications in 2025, of which 1,561 were originated and 606 denied.
17.0% of all applications, or 27.8% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans Mortgage Research Center originated in Washington in 2025 was 6.13%, against a statewide median of 6.63%.
About this data. Figures are Mortgage Research Center'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