Umpqua Bank · Washington · 2025

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

Umpqua Bank took 3,041 mortgage applications in Washington in 2025, ranking #26 of 822 lenders active in the state. It originated 60.7% of them and denied 24.7% (28.4% of the applications it decided), against a statewide denial rate of 15.7%.

3.0kApplicationsin WA
28.4%Decision denial ratestate 19.5%
7.90%Median ratestate 6.63%
$255,000Median loanstate $335,000
$645MVolume38 counties

Umpqua Bank in Washington vs the state

24.7%Denial rate+9.08 pts vs state
28.4%Decision denial rate+8.83 pts vs state
60.7%Origination rate-0.36 pts vs state
7.90%Median rate+1.28 pts vs state
1.22Rate spread (pts)+1.03 pts vs state
$136kMedian applicant income
1,846Loans originated
752Denied

Trend in Washington

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233,0822,06320.0%8.65%#16
20242,9851,85922.6%9.00%#22
20253,0411,84624.7%7.90%#26

What Umpqua Bank lends in Washington

By loan purpose

Home purchase 856 28% · 7.0% denied
Refinance 645 21% · 28.7% denied
Cash-out refinance 140 5% · 11.4% denied
Home improvement 896 29% · 33.5% denied
Other / HELOC 504 17% · 37.9% denied

By loan type

Conventional 2,920 96% · 25.2% denied
FHA 69 2% · 15.9% denied
VA 50 2% · 8.0% denied
USDA / RHS 2 0% · 0.0% denied

Why it denied Washington applicants

Debt-to-income ratio 388 52%
Credit history 224 30%
Collateral 97 13%
Other 23 3%
Unverifiable information 12 2%
Insufficient cash 4 1%
Employment history 3 0%
Incomplete application 1 0%

Where in Washington

Counties with the most Umpqua Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
King County 633377169 26.7%
Pierce County 384225108 28.1%
Clark County 28217477 27.3%
Benton County 22216925 11.3%
Snohomish County 21512560 27.9%
Spokane County 19910760 30.2%
Franklin County 1147033 28.9%
Kitsap County 1026623 22.5%
Kittitas County 884425 28.4%
Whatcom County 663620 30.3%

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: 3,041 applications in 2025, of which 1,846 were originated and 752 denied.

24.7% of all applications, or 28.4% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.

The median rate on loans Umpqua Bank originated in Washington in 2025 was 7.90%, against a statewide median of 6.63%.

About this data. Figures are Umpqua Bank'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