Hmda Lar 2025-Final Mortgage Lending & HMDA Data, 2024
In 2024, Hmda Lar 2025-Final of Burlington, WA reported 142 mortgage applications totaling $76.7 million, down 29% from 2023. The average application was for $540,281, and applicants reported an average income of $220,098. 67% of its applications resulted in an originated loan and 8% were denied. Its largest markets were Mount Vernon-Anacortes, WA (40), Bellingham, WA (28) and Seattle-Bellevue-Everett, WA (11) (applications in parentheses).
| Mortgage Company & Address | Hmda Lar 2025-Final 1020 S Burlington Blvd Burlington, WA 98233 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 |
| Total Number of Mortgage Applications | 142 |
| Total Mortgage Loan Application Amount | $76,720,000 |
| Average Mortgage Loan Application Amount | $540,281 |
| Highest Mortgage Loan Application Amount | $2,745,000 |
| Average Applicant Income | $220,098 |
| Highest Applicant Income | $840,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Hmda Lar 2025-Final filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Outside any metro area | 42 | $ 17,130,000 | $ 407,857 | $ 198,119 |
| Mount Vernon-Anacortes, WA | 40 | $ 22,270,000 | $ 556,750 | $ 215,000 |
| Bellingham, WA | 28 | $ 12,890,000 | $ 460,357 | $ 193,000 |
| Seattle-Bellevue-Everett, WA | 11 | $ 10,465,000 | $ 951,363 | $ 387,000 |
| Everett, WA | 9 | $ 8,915,000 | $ 990,555 | $ 224,000 |
| Olympia-Tumwater, WA | 4 | $ 1,970,000 | $ 492,500 | $ 224,000 |
| Tacoma-Lakewood, WA | 4 | $ 1,390,000 | $ 347,500 | $ 134,000 |
| Wenatchee, WA | 2 | $ 790,000 | $ 395,000 | $ 155,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1 | $ 205,000 | $ 205,000 | $ 589,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 1 | $ 695,000 | $ 695,000 | $ 0 |
Mortgage Loan Application Detail Totals for Hmda Lar 2025-Final in 2024
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 98 | $55,260,000 | $563,000 | $1,915,000 | $222,000 | $840,000 |
| Cash-out Refinancing | 14 | $8,420,000 | $601,000 | $2,745,000 | $177,000 | $589,000 |
| Refinancing | 14 | $6,520,000 | $465,000 | $875,000 | $223,000 | $461,000 |
| Other Purpose | 10 | $2,030,000 | $203,000 | $415,000 | $193,000 | $431,000 |
| Home Improvement | 6 | $4,490,000 | $748,000 | $2,485,000 | $328,000 | $675,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 91 | $41,095,000 | $451,000 | $1,505,000 | $198,000 | $750,000 |
| Asian | 23 | $17,135,000 | $745,000 | $1,915,000 | $350,000 | $840,000 |
| Hispanic | 11 | $5,145,000 | $467,000 | $875,000 | $157,000 | $251,000 |
| Not Provided | 9 | $3,815,000 | $423,000 | $715,000 | $182,000 | $437,000 |
| Not applicable | 8 | $9,530,000 | $1,191,000 | $2,745,000 | $0 | $0 |
| American Indian or Alaskan Native | 0 | $0 | $0 | $0 | $0 | $0 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
| Black or African American | 0 | $0 | $0 | $0 | $0 | $0 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 122 | $65,660,000 | $538,000 | $2,745,000 | $231,000 | $840,000 |
| VA-guaranteed (Veterans Administration) | 19 | $10,585,000 | $557,000 | $725,000 | $155,000 | $282,000 |
| FHA-insured (Federal Housing Administration) | 1 | $475,000 | $475,000 | $475,000 | $108,000 | $108,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 95 | $54,615,000 | $574,000 | $2,745,000 | $212,000 | $750,000 |
| Application Withdrawn By Applicant | 29 | $16,065,000 | $553,000 | $1,505,000 | $237,000 | $840,000 |
| Application Denied By Financial Institution | 11 | $3,285,000 | $298,000 | $685,000 | $258,000 | $431,000 |
| File Closed For Incompleteness | 5 | $2,255,000 | $451,000 | $585,000 | $230,000 | $415,000 |
| Application Approved But Not Accepted | 2 | $500,000 | $250,000 | $255,000 | $81,000 | $82,000 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 142 | $76,720,000 | $540,000 | $2,745,000 | $219,000 | $840,000 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Hmda Lar 2025-Final's 2024 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Hmda Lar 2025-Final's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Washington, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About