Find a better mortgage lender

Spokane County, Washington · 2025

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

387 lenders acted on 21,879 mortgage applications for properties in Spokane County in 2025. 15.9% were denied (Washington: 15.7%). Median rate on closed loans 6.63%; median loan $255,000; median property value $445,000.

22kApplications
15.9%Denial ratestate 15.7%
6.63%Median ratestate 6.63%
$255,000Median loan
$445,000Median property value

Largest lenders in Spokane County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Spokane Teachers D 2,4771,456 18.3%6.88%
2 Numerica Credit Union D 1,159681 32.5%7.75%
3 United Shore Financial Services B 1,093836 10.0%6.13%
4 Rocket Mortgage C 1,084844 13.8%6.75%
5 Washington Trust Bank D 745479 18.9%7.50%
6 Sunflower Bank B 675498 3.7%6.49%
7 Idaho Central Credit Union A 587353 14.5%6.80%
8 CMG Mortgage A 563411 1.6%6.63%
9 Boeing Employees Credit Union B 539347 20.0%6.49%
10 Canopy Mortgage B 438308 0.5%6.38%
11 Dhi Mortgage Company B 425317 7.3%5.38%
12 U.S. Bank D 401191 30.9%7.05%
13 Guaranteed Rate B 386234 2.3%6.63%
14 Crosscountry Mortgage B 339239 1.8%6.75%
15 Mortgage Research Center C 333152 11.7%6.25%
16 Washington State Employees Credit Union D 329188 35.6%7.24%
17 Banner Bank D 324184 26.5%6.99%
18 Fairway Independent Mortgage B 308234 4.6%6.63%
19 Gesa D 296190 19.9%7.13%
20 Freedom Mortgage B 295128 9.8%6.00%
21 American Pacific Mortgage C 288233 3.8%6.75%
22 Pennymac Loan Services C 271152 11.1%6.62%
23 Guild Mortgage A 259190 1.5%6.50%
24 Horizon Federally Insured State-Chartered Credit Union C 255132 33.3%2.99%
25 Newrez D 25497 20.9%6.50%

Best approval odds in Spokane County

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

#LenderDecidedDecision denial rate
1Paramount Residential Mortgage Group510.0%
2Coastal Community Bank750.0%
3Canopy Mortgage3150.6%
4Cornerstone Capital Bank1291.6%
5Guild Mortgage2052.0%
6Intercap Lending512.0%
7Envoy Mortgage512.0%
8CMG Mortgage4572.0%
9Crosscountry Mortgage2482.4%
10Premier Mortgage Resources913.3%

What Spokane County borrowers applied for

By loan purpose

Home purchase 9,054 41% · 6.5% denied
Refinance 3,393 16% · 15.7% denied
Cash-out refinance 3,959 18% · 19.9% denied
Home improvement 2,908 13% · 27.3% denied
Other / HELOC 2,565 12% · 30.4% denied

By loan type

Conventional 16,999 78% · 17.1% denied
FHA 2,598 12% · 13.6% denied
VA 2,242 10% · 10.0% denied
USDA / RHS 40 0% · 2.5% denied

Why applications were denied

Debt-to-income ratio 1,261 36%
Credit history 649 19%
Collateral 551 16%
Incomplete application 513 15%
Other 285 8%
Unverifiable information 123 4%
Insufficient cash 61 2%
Employment history 33 1%

Spokane County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202317,85610,97517.6%7.13%$225,000
202419,15411,85617.0%6.99%$245,000
202521,87913,45015.9%6.63%$255,000

Frequently asked questions

15.9% of applications in Spokane County were denied in 2025, against 15.7% statewide in Washington.

Spokane Teachers, with 2,477 applications in 2025 and a denial rate of 18.3%.

The median mortgage application in Spokane County in 2025 was for $255,000; the median property value on originated loans was $445,000.