Peoples Bank in Washington vs the state
21.4%Denial rate+5.71 pts vs state
26.7%Decision denial rate+7.14 pts vs state
57.3%Origination rate-3.78 pts vs state
7.50%Median rate+0.88 pts vs state
0.53Rate spread (pts)+0.34 pts vs state
$140kMedian applicant income
523Loans originated
195Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,244 | 681 | 18.6% | 8.00% | #51 |
| 2024 | 1,124 | 632 | 19.8% | 8.00% | #54 |
| 2025 | 913 | 523 | 21.4% | 7.50% | #71 |
What Peoples Bank lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most Peoples Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Whatcom County | 331 | 203 | 69 | 20.8% |
| Skagit County | 189 | 111 | 39 | 20.6% |
| Island County | 102 | 61 | 17 | 16.7% |
| Chelan County | 100 | 51 | 22 | 22.0% |
| Snohomish County | 58 | 31 | 11 | 19.0% |
| Douglas County | 34 | 18 | 10 | 29.4% |
| King County | 28 | 17 | 7 | 25.0% |
| Okanogan County | 18 | 9 | 4 | 22.2% |
| San Juan County | 11 | 6 | 4 | 36.4% |
| Grant County | 9 | 3 | 4 | 44.4% |
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: 913 applications in 2025, of which 523 were originated and 195 denied.
21.4% of all applications, or 26.7% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans Peoples Bank originated in Washington in 2025 was 7.50%, against a statewide median of 6.63%.
About this data. Figures are Peoples Bank'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