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King County, Washington · 2025

Mortgage lenders in King County, WA: denial rates and top lenders (2025)

581 lenders acted on 69,526 mortgage applications for properties in King County in 2025. 14.5% were denied (Washington: 15.7%). Median rate on closed loans 6.49%; median loan $495,000; median property value $925,000.

70kApplications
14.5%Denial ratestate 15.7%
6.49%Median ratestate 6.63%
$495,000Median loan
$925,000Median property value

Largest lenders in King County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Boeing Employees Credit Union B 9,6686,131 22.5%5.99%
2 Rocket Mortgage C 3,1822,378 16.3%6.50%
3 Bank of America F 3,1171,742 21.7%5.99%
4 United Shore Financial Services B 2,5982,005 9.3%6.38%
5 Movement Mortgage A 2,5031,906 3.0%6.63%
6 U.S. Bank D 2,2371,321 22.0%6.25%
7 JPMorgan Chase Bank B 2,1901,507 7.3%5.88%
8 Crosscountry Mortgage B 1,8011,291 3.4%6.63%
9 CMG Mortgage A 1,6001,200 3.1%6.63%
10 Wells Fargo Bank B 1,502906 7.5%5.63%
11 Guild Mortgage A 1,386941 4.6%6.63%
12 Newrez D 1,348639 14.5%6.63%
13 Pennymac Loan Services C 1,291804 10.2%6.50%
14 Guaranteed Rate B 932539 3.3%6.50%
15 Fairway Independent Mortgage B 879612 4.4%6.63%
16 Loandepot.Com D 877569 14.6%6.63%
17 OriginPoint B 855580 2.7%6.50%
18 First Technology Federal Credit Union B 797512 13.2%7.00%
19 Spring Eq D 784214 46.9%8.90%
20 KeyBank C 663326 33.8%6.38%
21 Sammamish Mortgage A 650459 2.5%6.38%
22 Washington State Employees Credit Union D 649305 44.8%7.24%
23 Umpqua Bank C 633377 26.7%8.14%
24 Broker Solutions D 607297 9.2%6.88%
25 Navy Federal Credit Union D 581294 16.5%7.55%

Best approval odds in King County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Merchants Mortgage & Trust Corporation530.0%
2Highlands Residential Mortgage680.0%
3Genesis Capital950.0%
4Conventus950.0%
5Unnamed lender 254900YZ174H294JW3981350.0%
6Eastside Funding2160.9%
7Cornerstone Capital Bank4561.1%
8Guidance Residential731.4%
9General Mortgage Capital2731.5%
10Premier Mortgage Resources571.8%

What King County borrowers applied for

By loan purpose

Home purchase 29,868 43% · 6.5% denied
Refinance 15,677 23% · 12.9% denied
Cash-out refinance 8,330 12% · 20.2% denied
Home improvement 7,646 11% · 26.6% denied
Other / HELOC 8,005 12% · 30.3% denied

By loan type

Conventional 64,370 93% · 14.5% denied
FHA 3,130 5% · 17.1% denied
VA 1,997 3% · 10.8% denied
USDA / RHS 29 0% · 6.9% denied

Why applications were denied

Debt-to-income ratio 4,084 41%
Collateral 1,687 17%
Credit history 1,436 14%
Incomplete application 1,249 12%
Other 797 8%
Unverifiable information 570 6%
Insufficient cash 174 2%
Employment history 77 1%

King County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202354,80233,42817.4%6.75%$405,000
202460,89137,30915.9%6.88%$465,000
202569,52643,30514.5%6.49%$495,000

Frequently asked questions

14.5% of applications in King County were denied in 2025, against 15.7% statewide in Washington.

Boeing Employees Credit Union, with 9,668 applications in 2025 and a denial rate of 22.5%.

The median mortgage application in King County in 2025 was for $495,000; the median property value on originated loans was $925,000.