Pennymac Loan Services in Washington vs the state
10.9%Denial rate-4.75 pts vs state
15.5%Decision denial rate-4.02 pts vs state
58.0%Origination rate-3.06 pts vs state
6.50%Median rate-0.13 pts vs state
0.18Rate spread (pts)-0.01 pts vs state
$151kMedian applicant income
2,953Loans originated
555Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,519 | 1,323 | 14.0% | 6.63% | #21 |
| 2024 | 3,827 | 2,241 | 11.8% | 6.50% | #13 |
| 2025 | 5,091 | 2,953 | 10.9% | 6.50% | #11 |
What Pennymac Loan Services lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most Pennymac Loan Services applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| King County | 1,291 | 804 | 132 | 10.2% |
| Pierce County | 806 | 455 | 99 | 12.3% |
| Snohomish County | 624 | 367 | 60 | 9.6% |
| Clark County | 359 | 214 | 27 | 7.5% |
| Spokane County | 271 | 152 | 30 | 11.1% |
| Thurston County | 248 | 139 | 21 | 8.5% |
| Kitsap County | 198 | 120 | 16 | 8.1% |
| Whatcom County | 145 | 101 | 15 | 10.3% |
| Benton County | 137 | 79 | 8 | 5.8% |
| Yakima County | 89 | 32 | 14 | 15.7% |
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: 5,091 applications in 2025, of which 2,953 were originated and 555 denied.
10.9% of all applications, or 15.5% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans Pennymac Loan Services originated in Washington in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are Pennymac Loan Services'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