Seattle Metropolitan Credit Union at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the F grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
2nd47.9% deniedPricingmedian rate spread over APOR, weight 30%
24th0.60 ptsProcesswithdrawn + incomplete share, weight 15%
0th60.7%Closing coststotal loan costs ÷ loan amount, weight 10%
24th2.73% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 480 | 190 | 2.5% | 5.9% | 8.06% | $54M |
| 2024 | 318 | 132 | 6.9% | 14.2% | 7.00% | $83M |
| 2025 | 303 | 56 | 18.8% | 47.9% | 7.00% | $49M |
What Seattle Metropolitan Credit Union lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 3 home-equity lines, 0 reverse mortgages, 6 manufactured homes, 28 investment properties.
Why Seattle Metropolitan Credit Union denies applications
Primary reason reported for each of the 57 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Seattle Metropolitan Credit Union
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $50k – $100k | 72 | 11 | 64.7% |
| $100k – $150k | 67 | 14 | 44.0% |
| $150k – $250k | 58 | 8 | 40.0% |
| Over $250k | 33 | 2 | 40.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 35–44 | 75 | 20 | 38.2% |
| 45–54 | 52 | 9 | 56.5% |
| 55–64 | 22 | 2 | 75.0% |
Where Seattle Metropolitan Credit Union lends
3 states and 19 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Washington | 221 | 55 | 16.3% | 7.00% | #182 |
Frequently asked questions
Seattle Metropolitan Credit Union denied 47.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 2nd percentile of small mortgage lenders.
The most common reason Seattle Metropolitan Credit Union gave in 2025 was "debt-to-income ratio", cited on 56.1% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Seattle Metropolitan Credit Union originated in 2025 was 7.00%, and its median rate spread over the average prime offer rate was 0.60 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 51% of its applications were for home purchases, 30% for refinancing (including cash-out), and 19% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.