Sound Credit Union in Washington vs the state
26.8%Denial rate+11.10 pts vs state
34.5%Decision denial rate+14.95 pts vs state
48.1%Origination rate-12.98 pts vs state
7.25%Median rate+0.63 pts vs state
0.29Rate spread (pts)+0.10 pts vs state
$131kMedian applicant income
789Loans originated
439Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,674 | 813 | 26.3% | 7.54% | #37 |
| 2024 | 1,692 | 805 | 26.8% | 6.58% | #36 |
| 2025 | 1,641 | 789 | 26.8% | 7.25% | #41 |
What Sound Credit Union lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most Sound Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Pierce County | 716 | 375 | 188 | 26.3% |
| King County | 462 | 192 | 143 | 31.0% |
| Snohomish County | 223 | 97 | 56 | 25.1% |
| Thurston County | 80 | 43 | 19 | 23.8% |
| Kitsap County | 52 | 31 | 12 | 23.1% |
| Mason County | 19 | 8 | 2 | 10.5% |
| Island County | 12 | 5 | 1 | 8.3% |
| Lewis County | 9 | 6 | 2 | 22.2% |
| Skagit County | 9 | 4 | 2 | 22.2% |
| Whatcom County | 7 | 4 | 1 | 14.3% |
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: 1,641 applications in 2025, of which 789 were originated and 439 denied.
26.8% of all applications, or 34.5% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans Sound Credit Union originated in Washington in 2025 was 7.25%, against a statewide median of 6.63%.
About this data. Figures are Sound 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