Twinstar · Washington · 2025

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

Twinstar took 1,245 mortgage applications in Washington in 2025, ranking #54 of 822 lenders active in the state. It originated 55.8% of them and denied 28.8% (33.6% of the applications it decided), against a statewide denial rate of 15.7%.

1.2kApplicationsin WA
33.6%Decision denial ratestate 19.5%
7.50%Median ratestate 6.63%
$105,000Median loanstate $335,000
$127MVolume25 counties

Twinstar in Washington vs the state

28.8%Denial rate+13.19 pts vs state
33.6%Decision denial rate+14.07 pts vs state
55.8%Origination rate-5.24 pts vs state
7.50%Median rate+0.88 pts vs state
0.24Rate spread (pts)+0.05 pts vs state
$106kMedian applicant income
695Loans originated
359Denied

Trend in Washington

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,35463736.2%8.25%#47
20241,27063432.1%8.50%#47
20251,24569528.8%7.50%#54

What Twinstar lends in Washington

By loan purpose

Home purchase 170 14% · 28.8% denied
Refinance 140 11% · 23.6% denied
Cash-out refinance 54 4% · 31.5% denied
Home improvement 491 39% · 25.5% denied
Other / HELOC 390 31% · 34.6% denied

By loan type

Conventional 1,245 100% · 28.8% denied

Why it denied Washington applicants

Other 122 34%
Debt-to-income ratio 110 31%
Credit history 80 22%
Collateral 34 9%
Insufficient cash 5 1%
Unverifiable information 5 1%
Employment history 2 1%
Incomplete application 1 0%

Where in Washington

Counties with the most Twinstar applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Thurston County 484283130 26.9%
Lewis County 25613375 29.3%
Grays Harbor County 18111347 26.0%
Clark County 1176235 29.9%
Pierce County 804722 27.5%
King County 361616 44.4%
Mason County 25136 24.0%
Pacific County 1868 44.4%
Snohomish County 732 28.6%
Cowlitz County 651 16.7%

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: 1,245 applications in 2025, of which 695 were originated and 359 denied.

28.8% of all applications, or 33.6% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.

The median rate on loans Twinstar originated in Washington in 2025 was 7.50%, against a statewide median of 6.63%.

About this data. Figures are Twinstar'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