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Thurston County, Washington · 2025

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

349 lenders acted on 12,764 mortgage applications for properties in Thurston County in 2025. 15.8% were denied (Washington: 15.7%). Median rate on closed loans 6.63%; median loan $335,000; median property value $545,000.

13kApplications
15.8%Denial ratestate 15.7%
6.63%Median ratestate 6.63%
$335,000Median loan
$545,000Median property value

Largest lenders in Thurston County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Washington State Employees Credit Union D 1,187687 33.3%7.24%
2 Guild Mortgage A 737537 2.6%6.50%
3 United Shore Financial Services B 717545 10.6%6.00%
4 Rocket Mortgage C 702525 15.1%6.63%
5 Twinstar D 484283 26.9%7.50%
6 Newrez D 415211 10.1%6.13%
7 Crosscountry Mortgage B 400286 2.0%6.58%
8 Boeing Employees Credit Union B 383224 24.5%6.49%
9 O Bee Credit Union C 374238 13.9%8.00%
10 Movement Mortgage A 358276 2.2%6.63%
11 Mortgage Research Center C 315149 14.9%6.13%
12 Navy Federal Credit Union D 314149 24.2%7.75%
13 Freedom Mortgage B 287120 8.7%5.81%
14 Pennymac Loan Services C 248139 8.5%6.38%
15 CMG Mortgage A 212151 1.9%6.50%
16 Olympia Federal Savings & Loan Association C 191131 10.5%6.25%
17 Bank of America F 16979 26.6%6.24%
18 Evergreen Moneysource Mortgage B 162123 1.2%6.88%
19 Fairway Independent Mortgage B 157116 3.2%6.63%
20 Spring Eq D 15652 51.9%8.61%
21 Dhi Mortgage Company B 13095 9.2%4.75%
22 Guaranteed Rate B 12986 3.9%6.38%
23 Broker Solutions D 12162 7.4%6.81%
24 The Loan Store B 10773 10.3%6.63%
25 Loandepot.Com D 10662 27.4%7.75%

Best approval odds in Thurston County

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

#LenderDecidedDecision denial rate
1Mld Mortgage600.0%
2Paramount Residential Mortgage Group671.5%
3Evergreen Moneysource Mortgage1281.6%
4CMG Mortgage1722.3%
5Movement Mortgage3152.5%
6Crosscountry Mortgage2992.7%
7Guild Mortgage5983.2%
8Fairway Independent Mortgage1254.0%
9Guaranteed Rate945.3%
10JPMorgan Chase Bank555.5%

What Thurston County borrowers applied for

By loan purpose

Home purchase 4,886 38% · 6.5% denied
Refinance 2,361 18% · 13.1% denied
Cash-out refinance 2,349 18% · 19.5% denied
Home improvement 1,487 12% · 24.4% denied
Other / HELOC 1,681 13% · 34.0% denied

By loan type

Conventional 8,901 70% · 18.1% denied
FHA 1,091 9% · 14.2% denied
VA 2,758 22% · 9.3% denied
USDA / RHS 14 0% · 7.1% denied

Why applications were denied

Debt-to-income ratio 686 34%
Credit history 393 19%
Collateral 290 14%
Other 281 14%
Incomplete application 245 12%
Unverifiable information 70 3%
Insufficient cash 40 2%
Employment history 13 1%
Mortgage insurance denied 1 0%

Thurston County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202310,3316,19218.2%6.99%$285,000
202411,4276,96316.7%6.99%$315,000
202512,7647,77115.8%6.63%$335,000

Frequently asked questions

15.8% of applications in Thurston County were denied in 2025, against 15.7% statewide in Washington.

Washington State Employees Credit Union, with 1,187 applications in 2025 and a denial rate of 33.3%.

The median mortgage application in Thurston County in 2025 was for $335,000; the median property value on originated loans was $545,000.