The Loan Store · Washington · 2025

The Loan Store in Washington: approval rate, denial rate and rates (2025)

The Loan Store took 1,769 mortgage applications in Washington in 2025, ranking #36 of 822 lenders active in the state. It originated 70.8% of them and denied 10.5% (11.6% of the applications it decided), against a statewide denial rate of 15.7%.

1.8kApplicationsin WA
11.6%Decision denial ratestate 19.5%
6.63%Median ratestate 6.63%
$395,000Median loanstate $335,000
$549MVolume39 counties

The Loan Store in Washington vs the state

10.5%Denial rate-5.14 pts vs state
11.6%Decision denial rate-7.90 pts vs state
70.8%Origination rate+9.77 pts vs state
6.63%Median rate0.00 pts vs state
0.23Rate spread (pts)+0.05 pts vs state
$159kMedian applicant income
1,253Loans originated
186Denied

Trend in Washington

YearApplicationsOriginatedDenial rateMedian rateRank in state
202328116016.0%7.00%#129
20241,06572310.8%6.63%#55
20251,7691,25310.5%6.63%#36

What The Loan Store lends in Washington

By loan purpose

Home purchase 910 51% · 4.4% denied
Refinance 243 14% · 6.6% denied
Cash-out refinance 202 11% · 8.4% denied
Home improvement 151 9% · 34.4% denied
Other / HELOC 263 15% · 23.2% denied

By loan type

Conventional 1,642 93% · 11.1% denied
FHA 86 5% · 3.5% denied
VA 38 2% · 0.0% denied
USDA / RHS 3 0% · 33.3% denied

Why it denied Washington applicants

Debt-to-income ratio 102 55%
Incomplete application 33 18%
Collateral 23 12%
Other 13 7%
Credit history 9 5%
Insufficient cash 4 2%
Employment history 2 1%

Where in Washington

Counties with the most The Loan Store applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
King County 48133759 12.3%
Pierce County 26719326 9.7%
Snohomish County 21215621 9.9%
Clark County 16812518 10.7%
Thurston County 1077311 10.3%
Lewis County 55415 9.1%
Kitsap County 51315 9.8%
Spokane County 48352 4.2%
Whatcom County 44356 13.6%
Island County 36241 2.8%

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: 1,769 applications in 2025, of which 1,253 were originated and 186 denied.

10.5% of all applications, or 11.6% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.

The median rate on loans The Loan Store originated in Washington in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are The Loan Store'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