USAA Federal Savings Bank · Washington · 2025

USAA Federal Savings Bank in Washington: approval rate, denial rate and rates (2025)

USAA Federal Savings Bank took 638 mortgage applications in Washington in 2025, ranking #85 of 822 lenders active in the state. It originated 46.6% of them and denied 24.8% (34.6% of the applications it decided), against a statewide denial rate of 15.7%.

638Applicationsin WA
34.6%Decision denial ratestate 19.5%
6.13%Median ratestate 6.63%
$465,000Median loanstate $335,000
$145MVolume36 counties

USAA Federal Savings Bank in Washington vs the state

24.8%Denial rate+9.11 pts vs state
34.6%Decision denial rate+15.03 pts vs state
46.6%Origination rate-14.51 pts vs state
6.13%Median rate-0.50 pts vs state
-0.22Rate spread (pts)-0.41 pts vs state
$156kMedian applicant income
297Loans originated
158Denied

Trend in Washington

YearApplicationsOriginatedDenial rateMedian rateRank in state
202349925317.8%6.38%#92
202465332121.1%6.38%#78
202563829724.8%6.13%#85

What USAA Federal Savings Bank lends in Washington

By loan purpose

Home purchase 508 80% · 22.6% denied
Refinance 50 8% · 30.0% denied
Cash-out refinance 71 11% · 35.2% denied
Home improvement 7 1% · 28.6% denied
Other / HELOC 2 0% · 50.0% denied

By loan type

Conventional 254 40% · 27.6% denied
VA 384 60% · 22.9% denied

Why it denied Washington applicants

Incomplete application 66 42%
Debt-to-income ratio 44 28%
Collateral 17 11%
Other 11 7%
Unverifiable information 9 6%
Credit history 6 4%
Insufficient cash 5 3%

Where in Washington

Counties with the most USAA Federal Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Pierce County 1044023 22.1%
King County 924727 29.3%
Thurston County 592916 27.1%
Clark County 47259 19.1%
Spokane County 471910 21.3%
Kitsap County 451710 22.2%
Snohomish County 381811 28.9%
Whatcom County 2268 36.4%
Grays Harbor County 21124 19.0%
Island County 1995 26.3%

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: 638 applications in 2025, of which 297 were originated and 158 denied.

24.8% of all applications, or 34.6% of the applications it actually decided on. The Washington statewide average across all lenders was 15.7%.

The median rate on loans USAA Federal Savings Bank originated in Washington in 2025 was 6.13%, against a statewide median of 6.63%.

About this data. Figures are USAA Federal Savings 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