NexBank in Washington vs the state
13.2%Denial rate-2.46 pts vs state
15.3%Decision denial rate-4.25 pts vs state
71.2%Origination rate+10.18 pts vs state
6.25%Median rate-0.38 pts vs state
0.01Rate spread (pts)-0.17 pts vs state
$241kMedian applicant income
270Loans originated
50Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 263 | 192 | 11.4% | 6.75% | #133 |
| 2024 | 252 | 183 | 14.3% | 6.63% | #149 |
| 2025 | 379 | 270 | 13.2% | 6.25% | #125 |
What NexBank lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most NexBank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| King County | 171 | 129 | 24 | 14.0% |
| Snohomish County | 77 | 55 | 7 | 9.1% |
| Pierce County | 48 | 39 | 4 | 8.3% |
| Kitsap County | 15 | 6 | 1 | 6.7% |
| Clark County | 14 | 11 | 2 | 14.3% |
| Thurston County | 11 | 6 | 2 | 18.2% |
| Spokane County | 9 | 6 | 1 | 11.1% |
| Whatcom County | 7 | 3 | 4 | 57.1% |
| Chelan County | 7 | 4 | 2 | 28.6% |
| Lewis County | 3 | 2 | 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: 379 applications in 2025, of which 270 were originated and 50 denied.
13.2% of all applications, or 15.3% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans NexBank originated in Washington in 2025 was 6.25%, against a statewide median of 6.63%.
About this data. Figures are NexBank'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