OCMBC · Washington · 2025

OCMBC in Washington: approval rate, denial rate and rates (2025)

OCMBC took 345 mortgage applications in Washington in 2025, ranking #134 of 822 lenders active in the state. It originated 54.2% of them and denied 8.7% (11.9% of the applications it decided), against a statewide denial rate of 15.7%.

345Applicationsin WA
11.9%Decision denial ratestate 19.5%
6.88%Median ratestate 6.63%
$405,000Median loanstate $335,000
$88MVolume30 counties

OCMBC in Washington vs the state

8.7%Denial rate-6.95 pts vs state
11.9%Decision denial rate-7.68 pts vs state
54.2%Origination rate-6.86 pts vs state
6.88%Median rate+0.25 pts vs state
0.58Rate spread (pts)+0.39 pts vs state
$171kMedian applicant income
187Loans originated
30Denied

Trend in Washington

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231918029.3%8.19%#161
202426112222.6%7.38%#147
20253451878.7%6.88%#134

What OCMBC lends in Washington

By loan purpose

Home purchase 175 51% · 8.6% denied
Refinance 64 19% · 6.3% denied
Cash-out refinance 106 31% · 10.4% denied

By loan type

Conventional 313 91% · 9.0% denied
FHA 27 8% · 3.7% denied
VA 5 1% · 20.0% denied

Why it denied Washington applicants

Collateral 7 23%
Debt-to-income ratio 6 20%
Other 5 17%
Incomplete application 4 13%
Credit history 4 13%
Employment history 3 10%
Unverifiable information 1 3%

Where in Washington

Counties with the most OCMBC applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
King County 78368 10.3%
Snohomish County 48263 6.3%
Pierce County 44233 6.8%
Clark County 44223 6.8%
Yakima County 1681 6.3%
Spokane County 1381 7.7%
Kitsap County 13101 7.7%
Cowlitz County 870 0.0%
Whatcom County 870 0.0%
Island County 750 0.0%

Other large lenders in Washington

LenderGradeApplicationsDenial rateMedian rate
Boeing Employees Credit UnionB 21,59923.8%6.13%
Rocket MortgageC 14,30115.9%6.63%
United Shore Financial ServicesB 13,77010.0%6.13%
Guild MortgageA 8,0563.4%6.63%
CMG MortgageA 7,8173.1%6.63%
Movement MortgageA 7,4723.6%6.63%
Bank of AmericaF 6,98627.0%5.99%
Crosscountry MortgageB 6,9033.1%6.63%
U.S. BankD 6,56827.6%6.63%
NewrezD 5,84912.9%6.63%

Frequently asked questions

Washington: 345 applications in 2025, of which 187 were originated and 30 denied.

8.7% of all applications, or 11.9% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.

The median rate on loans OCMBC originated in Washington in 2025 was 6.88%, against a statewide median of 6.63%.

About this data. Figures are OCMBC'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