Largest lenders in Island County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Navy Federal Credit Union | D | 305 | 158 | 18.4% | 7.75% |
| 2 | Boeing Employees Credit Union | B | 274 | 166 | 22.3% | 6.06% |
| 3 | United Shore Financial Services | B | 219 | 168 | 6.4% | 6.12% |
| 4 | Rocket Mortgage | C | 207 | 166 | 8.7% | 6.63% |
| 5 | CMG Mortgage | A | 180 | 128 | 1.7% | 6.50% |
| 6 | Guild Mortgage | A | 143 | 108 | 2.8% | 6.50% |
| 7 | Mortgage Research Center | C | 128 | 64 | 14.1% | 6.19% |
| 8 | Global Federal Credit Union | C | 109 | 64 | 16.5% | 6.63% |
| 9 | Peoples Bank | C | 109 | 61 | 16.5% | 7.50% |
| 10 | Movement Mortgage | A | 101 | 74 | 3.0% | 6.75% |
| 11 | Newrez | D | 95 | 48 | 14.7% | 6.50% |
| 12 | Bank of America | F | 82 | 41 | 25.6% | 5.99% |
| 13 | U.S. Bank | D | 82 | 41 | 28.1% | 7.20% |
| 14 | Pennymac Loan Services | C | 79 | 42 | 7.6% | 6.19% |
| 15 | Crosscountry Mortgage | B | 75 | 56 | 1.3% | 6.79% |
| 16 | Heritage Bank | D | 72 | 45 | 31.9% | 7.74% |
| 17 | Freedom Mortgage | B | 69 | 29 | 8.7% | 5.75% |
| 18 | Envoy Mortgage | D | 67 | 46 | 4.5% | 6.13% |
| 19 | Banner Bank | D | 59 | 41 | 18.6% | 7.63% |
| 20 | Fairway Independent Mortgage | B | 57 | 48 | 0.0% | 6.63% |
| 21 | Loandepot.Com | D | 48 | 29 | 16.7% | 7.13% |
| 22 | American Pacific Mortgage | C | 41 | 31 | 2.4% | 6.75% |
| 23 | Broker Solutions | D | 41 | 25 | 12.2% | 6.88% |
| 24 | Evergreen Moneysource Mortgage | B | 38 | 26 | 0.0% | 6.69% |
| 25 | JPMorgan Chase Bank | B | 36 | 24 | 5.6% | 6.56% |
Best approval odds in Island County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Crosscountry Mortgage | 58 | 1.7% |
| 2 | CMG Mortgage | 141 | 2.1% |
| 3 | Guild Mortgage | 117 | 3.4% |
| 4 | Movement Mortgage | 87 | 3.5% |
| 5 | United Shore Financial Services | 186 | 7.5% |
| 6 | Rocket Mortgage | 189 | 9.5% |
| 7 | Banner Bank | 53 | 20.8% |
| 8 | Global Federal Credit Union | 83 | 21.7% |
| 9 | Mortgage Research Center | 83 | 21.7% |
| 10 | Peoples Bank | 82 | 22.0% |
What Island County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Island County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 3,154 | 1,887 | 17.0% | 6.88% | $315,000 |
| 2024 | 3,547 | 2,068 | 17.5% | 6.99% | $325,000 |
| 2025 | 4,063 | 2,506 | 13.9% | 6.63% | $365,000 |
Frequently asked questions
13.9% of applications in Island County were denied in 2025, against 15.7% statewide in Washington.
Navy Federal Credit Union, with 305 applications in 2025 and a denial rate of 18.4%.
The median mortgage application in Island County in 2025 was for $365,000; the median property value on originated loans was $635,000.