Qualstar Credit Union · Washington · 2025

Qualstar Credit Union in Washington: approval rate, denial rate and rates (2025)

Qualstar Credit Union took 567 mortgage applications in Washington in 2025, ranking #94 of 822 lenders active in the state. It originated 64.2% of them and denied 20.6% (23.9% of the applications it decided), against a statewide denial rate of 15.7%.

567Applicationsin WA
23.9%Decision denial ratestate 19.5%
6.99%Median ratestate 6.63%
$105,000Median loanstate $335,000
$52MVolume27 counties

Qualstar Credit Union in Washington vs the state

20.6%Denial rate+4.98 pts vs state
23.9%Decision denial rate+4.34 pts vs state
64.2%Origination rate+3.14 pts vs state
6.99%Median rate+0.37 pts vs state
0.90Rate spread (pts)+0.71 pts vs state
$125kMedian applicant income
364Loans originated
117Denied

Trend in Washington

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231629713.6%6.99%#175
202434629010.7%7.38%#120
202556736420.6%6.99%#94

What Qualstar Credit Union lends in Washington

By loan purpose

Home purchase 56 10% · 14.3% denied
Refinance 88 16% · 26.1% denied
Cash-out refinance 98 17% · 24.5% denied
Home improvement 222 39% · 17.1% denied
Other / HELOC 103 18% · 23.3% denied

By loan type

Conventional 567 100% · 20.6% denied

Why it denied Washington applicants

Debt-to-income ratio 74 63%
Credit history 22 19%
Collateral 20 17%
Insufficient cash 1 1%

Where in Washington

Counties with the most Qualstar Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
King County 18211343 23.6%
Snohomish County 1278520 15.7%
Pierce County 1238130 24.4%
Skagit County 18152 11.1%
Thurston County 16104 25.0%
Kitsap County 1064 40.0%
Yakima County 742 28.6%
Grant County 743 42.9%
Grays Harbor County 743 42.9%
Clark County 741 14.3%

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: 567 applications in 2025, of which 364 were originated and 117 denied.

20.6% of all applications, or 23.9% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.

The median rate on loans Qualstar Credit Union originated in Washington in 2025 was 6.99%, against a statewide median of 6.63%.

About this data. Figures are Qualstar Credit Union'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