Sofi Bank in Washington vs the state
8.6%Denial rate-7.07 pts vs state
22.0%Decision denial rate+2.46 pts vs state
29.5%Origination rate-31.53 pts vs state
7.74%Median rate+1.12 pts vs state
1.57Rate spread (pts)+1.38 pts vs state
$153kMedian applicant income
492Loans originated
143Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 198 | 64 | 16.7% | 6.81% | #156 |
| 2024 | 497 | 201 | 15.3% | 6.63% | #95 |
| 2025 | 1,666 | 492 | 8.6% | 7.74% | #40 |
What Sofi Bank lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most Sofi Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| King County | 539 | 142 | 41 | 7.6% |
| Snohomish County | 235 | 73 | 21 | 8.9% |
| Pierce County | 234 | 78 | 22 | 9.4% |
| Spokane County | 94 | 33 | 9 | 9.6% |
| Clark County | 84 | 24 | 11 | 13.1% |
| Thurston County | 76 | 25 | 5 | 6.6% |
| Kitsap County | 55 | 19 | 6 | 10.9% |
| Whatcom County | 47 | 11 | 8 | 17.0% |
| Benton County | 43 | 11 | 3 | 7.0% |
| Skagit County | 32 | 14 | 3 | 9.4% |
Other large lenders in Washington
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Boeing Employees Credit Union | B | 21,599 | 23.8% | 6.13% |
| Rocket Mortgage | C | 14,301 | 15.9% | 6.63% |
| United Shore Financial Services | B | 13,770 | 10.0% | 6.13% |
| Guild Mortgage | A | 8,056 | 3.4% | 6.63% |
| CMG Mortgage | A | 7,817 | 3.1% | 6.63% |
| Movement Mortgage | A | 7,472 | 3.6% | 6.63% |
| Bank of America | F | 6,986 | 27.0% | 5.99% |
| Crosscountry Mortgage | B | 6,903 | 3.1% | 6.63% |
| U.S. Bank | D | 6,568 | 27.6% | 6.63% |
| Newrez | D | 5,849 | 12.9% | 6.63% |
Frequently asked questions
Washington: 1,666 applications in 2025, of which 492 were originated and 143 denied.
8.6% of all applications, or 22.0% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans Sofi Bank originated in Washington in 2025 was 7.74%, against a statewide median of 6.63%.
About this data. Figures are Sofi 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