PNC Bank · Washington · 2025

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

PNC Bank took 784 mortgage applications in Washington in 2025, ranking #76 of 822 lenders active in the state. It originated 55.9% of them and denied 23.0% (28.5% of the applications it decided), against a statewide denial rate of 15.7%.

784Applicationsin WA
28.5%Decision denial ratestate 19.5%
6.13%Median ratestate 6.63%
$325,000Median loanstate $335,000
$496MVolume34 counties

PNC Bank in Washington vs the state

23.0%Denial rate+7.31 pts vs state
28.5%Decision denial rate+8.94 pts vs state
55.9%Origination rate-5.19 pts vs state
6.13%Median rate-0.50 pts vs state
-0.01Rate spread (pts)-0.20 pts vs state
$207kMedian applicant income
438Loans originated
180Denied

Trend in Washington

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,5531,02912.4%6.63%#40
202491859216.8%6.75%#61
202578443823.0%6.13%#76

What PNC Bank lends in Washington

By loan purpose

Home purchase 254 32% · 8.7% denied
Refinance 174 22% · 23.0% denied
Cash-out refinance 15 2% · 46.7% denied
Home improvement 188 24% · 30.9% denied
Other / HELOC 153 20% · 34.6% denied

By loan type

Conventional 777 99% · 22.7% denied
FHA 5 1% · 80.0% denied
VA 2 0% · 0.0% denied

Why it denied Washington applicants

Debt-to-income ratio 81 45%
Credit history 49 27%
Collateral 24 13%
Incomplete application 19 11%
Other 6 3%
Unverifiable information 1 1%

Where in Washington

Counties with the most PNC Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
King County 39024972 18.5%
Snohomish County 954726 27.4%
Clark County 421913 31.0%
Pierce County 412012 29.3%
Spokane County 32169 28.1%
Kitsap County 23105 21.7%
Thurston County 19101 5.3%
Whatcom County 1786 35.3%
Island County 1416 42.9%
Benton County 1181 9.1%

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: 784 applications in 2025, of which 438 were originated and 180 denied.

23.0% of all applications, or 28.5% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.

The median rate on loans PNC Bank originated in Washington in 2025 was 6.13%, against a statewide median of 6.63%.

About this data. Figures are PNC 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