Summit Funding in Washington vs the state
4.0%Denial rate-11.70 pts vs state
5.1%Decision denial rate-14.48 pts vs state
73.8%Origination rate+12.77 pts vs state
6.81%Median rate+0.19 pts vs state
0.47Rate spread (pts)+0.28 pts vs state
$103kMedian applicant income
299Loans originated
16Denied
Trend in Washington
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 687 | 520 | 3.6% | 6.99% | #73 |
| 2024 | 434 | 339 | 6.2% | 6.99% | #106 |
| 2025 | 405 | 299 | 4.0% | 6.81% | #119 |
What Summit Funding lends in Washington
By loan purpose
By loan type
Why it denied Washington applicants
Where in Washington
Counties with the most Summit Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Benton County | 112 | 79 | 4 | 3.6% |
| Lewis County | 81 | 67 | 0 | 0.0% |
| Spokane County | 65 | 48 | 8 | 12.3% |
| Franklin County | 50 | 39 | 1 | 2.0% |
| Yakima County | 13 | 10 | 0 | 0.0% |
| Thurston County | 13 | 10 | 0 | 0.0% |
| Grant County | 7 | 6 | 1 | 14.3% |
| Clark County | 7 | 5 | 0 | 0.0% |
| Cowlitz County | 7 | 5 | 0 | 0.0% |
| King County | 5 | 2 | 0 | 0.0% |
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: 405 applications in 2025, of which 299 were originated and 16 denied.
4.0% of all applications, or 5.1% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.
The median rate on loans Summit Funding originated in Washington in 2025 was 6.81%, against a statewide median of 6.63%.
About this data. Figures are Summit Funding'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