Selco Community · Washington · 2025

Selco Community in Washington: approval rate, denial rate and rates (2025)

Selco Community took 36 mortgage applications in Washington in 2025, ranking #326 of 822 lenders active in the state. It originated 44.4% of them and denied 41.7% (48.4% of the applications it decided), against a statewide denial rate of 15.7%.

36Applicationsin WA
48.4%Decision denial ratestate 19.5%
7.25%Median ratestate 6.63%
$90,000Median loanstate $335,000
$2.6MVolume9 counties

Selco Community in Washington vs the state

41.7%Denial rate+26.02 pts vs state
48.4%Decision denial rate+28.85 pts vs state
44.4%Origination rate-16.62 pts vs state
7.25%Median rate+0.63 pts vs state
0.00Rate spread (pts)-0.19 pts vs state
$132kMedian applicant income
16Loans originated
15Denied

Trend in Washington

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023241420.8%8.00%#362
2024371051.4%8.25%#312
2025361641.7%7.25%#326

What Selco Community lends in Washington

By loan purpose

Home purchase 3 8% · 66.7% denied
Refinance 1 3% · 0.0% denied
Cash-out refinance 2 6% · 0.0% denied
Home improvement 14 39% · 42.9% denied
Other / HELOC 16 44% · 43.8% denied

By loan type

Conventional 36 100% · 41.7% denied

Why it denied Washington applicants

Other 9 60%
Debt-to-income ratio 2 13%
Credit history 2 13%
Collateral 2 13%

Where in Washington

Counties with the most Selco Community applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Clark County 1365 38.5%
Pierce County 835 62.5%
King County 742 28.6%
Klickitat County 202 100.0%
Snohomish County 110 0.0%
Thurston County 110 0.0%
Benton County 100 0.0%
Cowlitz County 110 0.0%
Mason County 101 100.0%

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: 36 applications in 2025, of which 16 were originated and 15 denied.

41.7% of all applications, or 48.4% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.

The median rate on loans Selco Community originated in Washington in 2025 was 7.25%, against a statewide median of 6.63%.

About this data. Figures are Selco Community'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