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Snohomish County, Washington · 2025

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

455 lenders acted on 32,308 mortgage applications for properties in Snohomish County in 2025. 15.6% were denied (Washington: 15.7%). Median rate on closed loans 6.50%; median loan $415,000; median property value $785,000.

32kApplications
15.6%Denial ratestate 15.7%
6.50%Median ratestate 6.63%
$415,000Median loan
$785,000Median property value

Largest lenders in Snohomish County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Boeing Employees Credit Union B 5,0763,261 23.6%6.13%
2 Rocket Mortgage C 1,6511,261 14.8%6.63%
3 United Shore Financial Services B 1,4851,173 9.9%6.24%
4 Bank of America F 1,195543 27.9%5.99%
5 U.S. Bank D 918514 23.9%6.25%
6 Movement Mortgage A 770538 4.2%6.56%
7 Crosscountry Mortgage B 769565 3.8%6.63%
8 CMG Mortgage A 768563 5.2%6.63%
9 Guild Mortgage A 750558 1.9%6.63%
10 Newrez D 694320 12.4%6.88%
11 Pennymac Loan Services C 624367 9.6%6.50%
12 JPMorgan Chase Bank B 595362 7.7%6.13%
13 Dhi Mortgage Company B 531424 4.7%5.63%
14 Navy Federal Credit Union D 497258 19.9%7.75%
15 Spring Eq D 472165 46.4%9.10%
16 American Pacific Mortgage C 433344 6.0%6.75%
17 Loandepot.Com D 433258 16.6%6.75%
18 Broker Solutions D 432220 6.9%6.75%
19 Fairway Independent Mortgage B 374276 4.8%6.75%
20 Wells Fargo Bank B 328176 8.5%5.88%
21 Evergreen Moneysource Mortgage B 322249 1.6%6.63%
22 Guaranteed Rate B 321157 5.0%6.50%
23 Coastal Community Bank C 31080 8.7%8.00%
24 Washington State Employees Credit Union D 309127 48.2%7.47%
25 Freedom Mortgage B 296119 6.4%6.13%

Best approval odds in Snohomish County

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

#LenderDecidedDecision denial rate
1General Mortgage Capital700.0%
2Cornerstone Capital Bank2111.0%
3NFM1911.1%
4Primelending, a Plainscapital871.2%
5Lennar Mortgage1341.5%
6Bay Equity591.7%
7Zillow Home Loans541.9%
8Evergreen Moneysource Mortgage2681.9%
9OriginPoint1302.3%
10Guild Mortgage5932.4%

What Snohomish County borrowers applied for

By loan purpose

Home purchase 12,485 39% · 6.5% denied
Refinance 7,001 22% · 14.3% denied
Cash-out refinance 4,733 15% · 19.4% denied
Home improvement 3,854 12% · 26.6% denied
Other / HELOC 4,235 13% · 30.3% denied

By loan type

Conventional 28,168 87% · 16.0% denied
FHA 2,503 8% · 15.0% denied
VA 1,610 5% · 9.6% denied
USDA / RHS 27 0% · 11.1% denied

Why applications were denied

Debt-to-income ratio 2,072 41%
Credit history 841 17%
Collateral 764 15%
Incomplete application 647 13%
Other 340 7%
Unverifiable information 237 5%
Insufficient cash 89 2%
Employment history 39 1%
Mortgage insurance denied 3 0%

Snohomish County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202325,96915,59518.6%6.75%$355,000
202429,01717,59017.0%6.99%$395,000
202532,30819,76515.6%6.50%$415,000

Frequently asked questions

15.6% of applications in Snohomish County were denied in 2025, against 15.7% statewide in Washington.

Boeing Employees Credit Union, with 5,076 applications in 2025 and a denial rate of 23.6%.

The median mortgage application in Snohomish County in 2025 was for $415,000; the median property value on originated loans was $785,000.