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Pierce County, Washington · 2025

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

493 lenders acted on 38,203 mortgage applications for properties in Pierce County in 2025. 16.6% were denied (Washington: 15.7%). Median rate on closed loans 6.63%; median loan $355,000; median property value $575,000.

38kApplications
16.6%Denial ratestate 15.7%
6.63%Median ratestate 6.63%
$355,000Median loan
$575,000Median property value

Largest lenders in Pierce County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Boeing Employees Credit Union B 3,2412,014 26.8%6.49%
2 United Shore Financial Services B 2,0811,532 10.7%6.13%
3 Rocket Mortgage C 1,9481,459 15.6%6.63%
4 Movement Mortgage A 1,5511,139 3.2%6.56%
5 Crosscountry Mortgage B 1,347976 3.3%6.58%
6 Newrez D 1,019481 12.1%6.38%
7 Guild Mortgage A 982714 3.9%6.63%
8 Bank of America F 810355 35.4%6.24%
9 Pennymac Loan Services C 806455 12.3%6.50%
10 Navy Federal Credit Union D 767356 23.0%7.75%
11 Sound Credit Union D 716375 26.3%7.25%
12 Freedom Mortgage B 683303 5.1%5.88%
13 Mortgage Research Center C 683298 19.9%6.13%
14 CMG Mortgage A 665486 4.5%6.38%
15 U.S. Bank D 647327 34.8%7.29%
16 Washington State Employees Credit Union D 609253 51.6%7.42%
17 Fairway Independent Mortgage B 566419 6.5%6.63%
18 Spring Eq D 563184 49.0%9.24%
19 Loandepot.Com D 525300 21.3%6.60%
20 Evergreen Moneysource Mortgage B 475360 1.3%6.88%
21 Broker Solutions D 457209 12.3%6.88%
22 Guaranteed Rate B 419248 4.8%6.45%
23 Harborstone F 411210 37.5%7.50%
24 Umpqua Bank C 384225 28.1%8.25%
25 Lakeview Loan Servicing C 32795 48.9%6.25%

Best approval odds in Pierce County

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

#LenderDecidedDecision denial rate
1Priority Home Lending530.0%
2NFM2020.5%
3Cornerstone First Mortgage2400.8%
4Mld Mortgage1110.9%
5Eastside Funding1951.0%
6Coastal Community Bank1891.1%
7Canopy Mortgage1301.5%
8Evergreen Moneysource Mortgage3851.6%
9Gold Star Mortgage Financial Group521.9%
10Mason Mcduffie Mortgage812.5%

What Pierce County borrowers applied for

By loan purpose

Home purchase 15,524 41% · 6.9% denied
Refinance 6,937 18% · 14.5% denied
Cash-out refinance 6,631 17% · 20.3% denied
Home improvement 4,285 11% · 29.7% denied
Other / HELOC 4,826 13% · 34.3% denied

By loan type

Conventional 27,537 72% · 18.5% denied
FHA 5,054 13% · 13.5% denied
VA 5,565 15% · 10.2% denied
USDA / RHS 47 0% · 17.0% denied

Why applications were denied

Debt-to-income ratio 2,183 35%
Credit history 1,362 22%
Collateral 929 15%
Incomplete application 788 13%
Other 608 10%
Unverifiable information 236 4%
Insufficient cash 131 2%
Employment history 56 1%
Mortgage insurance denied 3 0%

Pierce County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202330,73317,85020.2%6.88%$305,000
202434,25720,43818.7%6.99%$335,000
202538,20322,92116.6%6.63%$355,000

Frequently asked questions

16.6% of applications in Pierce County were denied in 2025, against 15.7% statewide in Washington.

Boeing Employees Credit Union, with 3,241 applications in 2025 and a denial rate of 26.8%.

The median mortgage application in Pierce County in 2025 was for $355,000; the median property value on originated loans was $575,000.