Today's Washington (WA) Mortgage Rates

Washington (WA) Mortgage Rates & Mortgage Loan Data – Prior Year

Mortgage Actions Taken

Loan originated: 2,170,581
Loan purchased by the institution: 781,604
Application denied by financial institution: 654,728
Application withdrawn by applicant: 401,313
Application approved but not accepted: 218,547
File closed for incompleteness: 118,310
Preapproval request denied by financial institution: 862
Preapproval request approved but not accepted: 449

Purpose of Loans

Refinancing: 2,728,033
Home purchase: 1,427,191
Home improvement: 191,170

Mortgage Types

Conventional: 3,377,569
FHA-insured: 626,999
VA-guaranteed: 294,228
FSA/RHS-guaranteed: 47,598

Mortage Actions by Applicant Race

White: 3,023,481
Information not provided by applicant in mail, Internet, or telephone application: 545,090
Not applicable: 353,561
Asian: 273,058
Black or African American: 84,509
American Indian or Alaska Native: 33,704
Native Hawaiian or Other Pacific Islander: 32,991

Mortage Actions by Applicant Ethnicity

Not Hispanic or Latino: 3,270,760
Information not provided by applicant in mail, Internet, or telephone application: 540,318
Not applicable: 354,545
Hispanic or Latino: 180,771

Mortage Actions by Applicant Sex

Male: 2,667,907
Female: 1,001,790
Not applicable: 353,725
Information not provided by applicant in mail, Internet, or telephone application: 322,972

Mortage Actions by Agency Name

Department of Housing and Urban Development: 1,210,822
Consumer Financial Protection Bureau: 912,925
Office of the Comptroller of the Currency: 883,950
Federal Deposit Insurance Corporation: 432,512
Office of Thrift Supervision: 344,234
National Credit Union Administration: 324,950
Federal Reserve System: 237,001

Mortage Actions by County

Mortage Actions by City

Seattle, Bellevue, Everett – WA: 1,836,220
Tacoma – WA: 454,288
Unknown: 437,475
Spokane – WA: 248,242
Portland, Vancouver, Hillsboro – OR, WA: 176,507
Bremerton, Silverdale – WA: 171,286
Olympia – WA: 149,335
Bellingham – WA: 128,056
Portland, Vancouver, Beaverton – OR, WA: 122,702
Kennewick, Pasco, Richland – WA: 100,242
Yakima – WA: 100,007
Tacoma, Lakewood – WA: 86,057
Mount Vernon, Anacortes – WA: 72,637
Longview – WA: 61,357
Spokane, Spokane Valley – WA: 49,990
Wenatchee, East Wenatchee – WA: 36,993
Wenatchee – WA: 28,745
Olympia, Tumwater – WA: 25,778
Kennewick, Richland – WA: 23,180
Kennewick, Richland, Pasco – WA: 20,863
Lewiston – ID, WA: 11,809
Walla Walla – WA: 4,625

Mortage Denial Reasons

Unknown: 3,888,189
Collateral: 109,021
Debt-to-income ratio: 101,815
Credit history: 83,622
Other: 64,617
Credit application incomplete: 58,724
Unverifiable information: 22,212
Insufficient cash (downpayment, closing costs): 9,908
Employment history: 7,175
Mortgage insurance denied: 1,111

HOEPA Status of Mortage Loans

Not a HOEPA loan: 4,345,875
HOEPA loan: 519

Lien Status of Mortage Loans

Secured by a first lien: 3,345,588
Not applicable: 781,604
Secured by a subordinate lien: 186,386
Not secured by a lien: 32,816

Owner Occupancy Status of Mortage Loans

Owner-occupied as a principal dwelling: 3,924,314
Not owner-occupied as a principal dwelling: 403,937
Not applicable: 18,143

Mortgages by Property Type

One-to-four family dwelling (other than manufactured housing): 4,191,470
Manufactured housing: 142,548
Multifamily dwelling: 12,376

Mortgages by Purchaser Type

Loan was not originated or was not sold in calendar year covered by register: 2,010,073
Fannie Mae (FNMA): 726,108
Freddie Mac (FHLMC): 413,657
Ginnie Mae (GNMA): 370,447
Affiliate institution: 243,613
Commercial bank, savings bank or savings association: 221,390
Other type of purchaser: 165,970
Life insurance company, credit union, mortgage bank, or finance company: 149,133
Private securitization: 45,761
Farmer Mac (FAMC): 242