NFM in Washington vs the state
2.0%Denial rate-13.65 pts vs state
2.3%Decision denial rate-17.24 pts vs state
84.3%Origination rate+23.24 pts vs state
6.63%Median rate0.00 pts vs state
0.28Rate spread (pts)+0.09 pts vs state
$168kMedian applicant income
843Loans originated
20Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 708 | 590 | 2.1% | 6.75% | #70 |
| 2024 | 913 | 784 | 1.5% | 6.88% | #62 |
| 2025 | 1,000 | 843 | 2.0% | 6.63% | #61 |
What NFM lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most NFM applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| King County | 433 | 359 | 9 | 2.1% |
| Pierce County | 225 | 199 | 1 | 0.4% |
| Snohomish County | 213 | 189 | 2 | 0.9% |
| Spokane County | 27 | 17 | 2 | 7.4% |
| Whatcom County | 14 | 10 | 1 | 7.1% |
| Island County | 12 | 9 | 0 | 0.0% |
| Skagit County | 11 | 9 | 1 | 9.1% |
| Kitsap County | 9 | 6 | 0 | 0.0% |
| Clark County | 9 | 8 | 0 | 0.0% |
| Thurston County | 8 | 6 | 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: 1,000 applications in 2025, of which 843 were originated and 20 denied.
2.0% of all applications, or 2.3% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans NFM originated in Washington in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are NFM'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