Spokane Teachers · Washington · 2025

Spokane Teachers in Washington: approval rate, denial rate and rates (2025)

Spokane Teachers took 3,474 mortgage applications in Washington in 2025, ranking #19 of 822 lenders active in the state. It originated 56.5% of them and denied 20.3% (26.2% of the applications it decided), against a statewide denial rate of 15.7%.

3.5kApplicationsin WA
26.2%Decision denial ratestate 19.5%
6.89%Median ratestate 6.63%
$105,000Median loanstate $335,000
$339MVolume31 counties

Spokane Teachers in Washington vs the state

20.3%Denial rate+4.67 pts vs state
26.2%Decision denial rate+6.70 pts vs state
56.5%Origination rate-4.55 pts vs state
6.89%Median rate+0.27 pts vs state
0.52Rate spread (pts)+0.33 pts vs state
$109kMedian applicant income
1,963Loans originated
706Denied

Trend in Washington

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233,2331,97419.8%8.99%#14
20242,9051,75321.4%9.24%#24
20253,4741,96320.3%6.89%#19

What Spokane Teachers lends in Washington

By loan purpose

Home purchase 742 21% · 9.3% denied
Refinance 695 20% · 18.9% denied
Cash-out refinance 232 7% · 14.7% denied
Home improvement 1,101 32% · 22.5% denied
Other / HELOC 704 20% · 31.8% denied

By loan type

Conventional 3,400 98% · 20.5% denied
FHA 65 2% · 9.2% denied
VA 9 0% · 22.2% denied

Why it denied Washington applicants

Debt-to-income ratio 200 28%
Incomplete application 192 27%
Collateral 136 19%
Credit history 102 14%
Other 57 8%
Unverifiable information 9 1%
Employment history 7 1%
Insufficient cash 3 0%

Where in Washington

Counties with the most Spokane Teachers applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Spokane County 2,4771,456454 18.3%
Stevens County 22211944 19.8%
Grant County 1317037 28.2%
Benton County 1236639 31.7%
Pend Oreille County 903128 31.1%
Okanogan County 683221 30.9%
Franklin County 603314 23.3%
Adams County 582516 27.6%
Lincoln County 421911 26.2%
Yakima County 29187 24.1%

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: 3,474 applications in 2025, of which 1,963 were originated and 706 denied.

20.3% of all applications, or 26.2% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.

The median rate on loans Spokane Teachers originated in Washington in 2025 was 6.89%, against a statewide median of 6.63%.

About this data. Figures are Spokane Teachers'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