U.S. Bank · Washington · 2025

U.S. Bank in Washington: approval rate, denial rate and rates (2025)

U.S. Bank took 6,568 mortgage applications in Washington in 2025, ranking #9 of 822 lenders active in the state. It originated 53.7% of them and denied 27.6% (33.4% of the applications it decided), against a statewide denial rate of 15.7%.

6.6kApplicationsin WA
33.4%Decision denial ratestate 19.5%
6.63%Median ratestate 6.63%
$265,000Median loanstate $335,000
$2.2BVolume38 counties

U.S. Bank in Washington vs the state

27.6%Denial rate+11.95 pts vs state
33.4%Decision denial rate+13.88 pts vs state
53.7%Origination rate-7.41 pts vs state
6.63%Median rate0.00 pts vs state
0.18Rate spread (pts)-0.01 pts vs state
$166kMedian applicant income
3,524Loans originated
1,813Denied

Trend in Washington

YearApplicationsOriginatedDenial rateMedian rateRank in state
20236,4083,32232.8%7.38%#5
20246,4713,36429.4%6.99%#6
20256,5683,52427.6%6.63%#9

What U.S. Bank lends in Washington

By loan purpose

Home purchase 2,103 32% · 11.9% denied
Refinance 992 15% · 7.6% denied
Cash-out refinance 689 10% · 25.3% denied
Home improvement 1,392 21% · 42.7% denied
Other / HELOC 1,392 21% · 51.6% denied

By loan type

Conventional 6,460 98% · 27.8% denied
FHA 45 1% · 20.0% denied
VA 62 1% · 9.7% denied
USDA / RHS 1 0% · 100.0% denied

Why it denied Washington applicants

Debt-to-income ratio 838 46%
Collateral 474 26%
Credit history 285 16%
Other 126 7%
Unverifiable information 72 4%
Insufficient cash 7 0%
Incomplete application 7 0%
Employment history 4 0%

Where in Washington

Counties with the most U.S. Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
King County 2,2371,321493 22.0%
Snohomish County 918514219 23.9%
Pierce County 647327225 34.8%
Clark County 560268178 31.8%
Spokane County 401191124 30.9%
Yakima County 1948282 42.3%
Kitsap County 18810646 24.5%
Whatcom County 1417736 25.5%
Benton County 1255438 30.4%
Grant County 1014838 37.6%

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%
NewrezD 5,84912.9%6.63%
Pennymac Loan ServicesC 5,09110.9%6.50%

Frequently asked questions

Washington: 6,568 applications in 2025, of which 3,524 were originated and 1,813 denied.

27.6% of all applications, or 33.4% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.

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

About this data. Figures are U.S. 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