Plains Commerce Bank · Washington · 2025

Plains Commerce Bank in Washington: approval rate, denial rate and rates (2025)

Plains Commerce Bank took 402 mortgage applications in Washington in 2025, ranking #120 of 822 lenders active in the state. It originated 62.7% of them and denied 7.2% (10.3% of the applications it decided), against a statewide denial rate of 15.7%.

402Applicationsin WA
10.3%Decision denial ratestate 19.5%
6.63%Median ratestate 6.63%
$425,000Median loanstate $335,000
$99MVolume28 counties

Plains Commerce Bank in Washington vs the state

7.2%Denial rate-8.44 pts vs state
10.3%Decision denial rate-9.26 pts vs state
62.7%Origination rate+1.63 pts vs state
6.63%Median rate0.00 pts vs state
0.12Rate spread (pts)-0.07 pts vs state
$128kMedian applicant income
252Loans originated
29Denied

Trend in Washington

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023117820.0%6.50%#207
20243011814.3%6.63%#133
20254022527.2%6.63%#120

What Plains Commerce Bank lends in Washington

By loan purpose

Home purchase 359 89% · 6.7% denied
Refinance 24 6% · 0.0% denied
Cash-out refinance 13 3% · 23.1% denied
Home improvement 2 0% · 50.0% denied
Other / HELOC 4 1% · 25.0% denied

By loan type

Conventional 279 69% · 7.5% denied
FHA 103 26% · 7.8% denied
VA 20 5% · 0.0% denied

Why it denied Washington applicants

Debt-to-income ratio 13 45%
Credit history 6 21%
Collateral 5 17%
Unverifiable information 4 14%
Mortgage insurance denied 1 3%

Where in Washington

Counties with the most Plains Commerce Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Pierce County 60328 13.3%
King County 56262 3.6%
Snohomish County 43293 7.0%
Clark County 40283 7.5%
Spokane County 37243 8.1%
Kitsap County 31190 0.0%
Cowlitz County 23190 0.0%
Whatcom County 20150 0.0%
Thurston County 16104 25.0%
Mason County 1282 16.7%

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: 402 applications in 2025, of which 252 were originated and 29 denied.

7.2% of all applications, or 10.3% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.

The median rate on loans Plains Commerce Bank originated in Washington in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are Plains Commerce 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