Service Federal Credit Union · Washington · 2025

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

Service Federal Credit Union took 55 mortgage applications in Washington in 2025, ranking #287 of 822 lenders active in the state. It originated 43.6% of them and denied 14.6% (24.2% of the applications it decided), against a statewide denial rate of 15.7%.

55Applicationsin WA
24.2%Decision denial ratestate 19.5%
5.44%Median ratestate 6.63%
$945,000Median loanstate $335,000
$20MVolume6 counties

Service Federal Credit Union in Washington vs the state

14.6%Denial rate-1.10 pts vs state
24.2%Decision denial rate+4.70 pts vs state
43.6%Origination rate-17.42 pts vs state
5.44%Median rate-1.19 pts vs state
-0.62Rate spread (pts)-0.81 pts vs state
$300kMedian applicant income
24Loans originated
8Denied

Trend in Washington

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023251336.0%5.75%#358
2024271151.9%6.63%#343
2025552414.6%5.44%#287

What Service Federal Credit Union lends in Washington

By loan purpose

Home purchase 14 25% · 7.1% denied
Refinance 26 47% · 15.4% denied
Cash-out refinance 2 4% · 50.0% denied
Home improvement 8 15% · 0.0% denied
Other / HELOC 5 9% · 40.0% denied

By loan type

Conventional 53 96% · 15.1% denied
VA 2 4% · 0.0% denied

Why it denied Washington applicants

Debt-to-income ratio 5 63%
Collateral 1 13%
Other 1 13%
Incomplete application 1 13%

Where in Washington

Counties with the most Service Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
King County 29115 17.2%
Snohomish County 1351 7.7%
Pierce County 640 0.0%
Thurston County 541 20.0%
Kitsap County 101 100.0%
Clark County 100 0.0%

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: 55 applications in 2025, of which 24 were originated and 8 denied.

14.6% of all applications, or 24.2% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.

The median rate on loans Service Federal Credit Union originated in Washington in 2025 was 5.44%, against a statewide median of 6.63%.

About this data. Figures are Service Federal 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