Washington State Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
76th4.3% deniedProcesswithdrawn + incomplete share, weight 15%
90th1.8%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 266 | 246 | 2.3% | 2.4% | — | $36M |
| 2024 | 261 | 249 | 3.1% | 3.1% | — | $38M |
| 2025 | 282 | 262 | 4.3% | 4.3% | — | $45M |
What Washington State Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 7 manufactured homes, 82 investment properties.
Who gets approved at Washington State Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 42 | 33 | 17.5% |
| $50k – $100k | 96 | 91 | 1.1% |
| $100k – $150k | 58 | 53 | 5.4% |
| $150k – $250k | 35 | 34 | 2.9% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 25 | 24 | 4.0% |
| 25–34 | 47 | 45 | 0.0% |
| 35–44 | 49 | 42 | 10.2% |
| 45–54 | 41 | 38 | 5.0% |
| 55–64 | 28 | 24 | 7.7% |
| 65–74 | 32 | 30 | 3.2% |
Where Washington State Bank lends
2 states and 29 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Iowa | 281 | 261 | 4.3% | — | #80 |
Frequently asked questions
Washington State Bank denied 4.3% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 76th percentile of small mortgage lenders.
In 2025, 63% of its applications were for home purchases, 23% for refinancing (including cash-out), and 15% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.