Washington Federal Mortgage Lending & HMDA Data, 2016
In 2016, Washington Federal of Seattle, WA reported 7,113 mortgage applications totaling $3.1 billion, up 5% from 2015. The average application was for $436,169, and applicants reported an average income of $130,109. 49% of its applications resulted in an originated loan and 20% were denied. Its largest markets were Seattle-Bellevue-Everett, WA (1,430), Phoenix-Mesa-Scottsdale, AZ (463) and Tucson, AZ (284) (applications in parentheses).
| Mortgage Company & Address | Washington Federal 425 Pike St Seattle, WA 98101 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 |
| Total Number of Mortgage Applications | 7,113 |
| Total Mortgage Loan Application Amount | $3,102,471,000 |
| Average Mortgage Loan Application Amount | $436,169 |
| Highest Mortgage Loan Application Amount | $87,000,000 |
| Average Applicant Income | $130,109 |
| Highest Applicant Income | $4,080,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Washington Federal filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Seattle-Bellevue-Everett, WA | 1,430 | $ 828,600,000 | $ 579,440 | $ 158,000 |
| Phoenix-Mesa-Scottsdale, AZ | 463 | $ 178,311,000 | $ 385,120 | $ 174,000 |
| Tucson, AZ | 284 | $ 68,792,000 | $ 242,225 | $ 120,000 |
| Bellingham, WA | 269 | $ 108,928,000 | $ 404,936 | $ 107,000 |
| Salt Lake City, UT | 229 | $ 116,996,000 | $ 510,899 | $ 134,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 222 | $ 101,401,000 | $ 456,761 | $ 153,864 |
| Boise City, ID | 212 | $ 61,497,000 | $ 290,080 | $ 118,000 |
| Mount Vernon-Anacortes, WA | 197 | $ 219,672,000 | $ 1,115,086 | $ 95,000 |
| Las Vegas-Henderson-Paradise, NV | 185 | $ 83,855,000 | $ 453,270 | $ 151,000 |
| Tacoma-Lakewood, WA | 180 | $ 72,637,000 | $ 403,538 | $ 129,000 |
| Bend-Redmond, OR | 152 | $ 75,983,000 | $ 499,888 | $ 129,000 |
| Bremerton-Silverdale, WA | 134 | $ 60,308,000 | $ 450,059 | $ 144,000 |
| Provo-Orem, UT | 106 | $ 88,889,000 | $ 838,575 | $ 181,000 |
| Dallas-Plano-Irving, TX | 93 | $ 68,307,000 | $ 734,483 | $ 131,000 |
| Ogden-Clearfield, UT | 86 | $ 51,011,000 | $ 593,151 | $ 137,000 |
| Spokane-Spokane Valley, WA | 82 | $ 15,279,000 | $ 186,329 | $ 77,000 |
| Wenatchee, WA | 77 | $ 25,279,000 | $ 328,298 | $ 136,000 |
| Albuquerque, NM | 71 | $ 30,435,000 | $ 428,661 | $ 106,000 |
| Salem, OR | 69 | $ 24,787,000 | $ 359,231 | $ 91,000 |
| Idaho Falls, ID | 60 | $ 10,821,000 | $ 180,350 | $ 72,000 |
| Eugene, OR | 56 | $ 19,822,000 | $ 353,964 | $ 121,000 |
| Medford, OR | 45 | $ 15,207,000 | $ 337,933 | $ 196,000 |
| Santa Fe, NM | 43 | $ 18,158,000 | $ 422,279 | $ 151,000 |
| Sierra Vista-Douglas, AZ | 42 | $ 4,808,000 | $ 114,476 | $ 58,000 |
| Corvallis, OR | 41 | $ 15,499,000 | $ 378,024 | $ 151,000 |
| Prescott, AZ | 41 | $ 10,401,000 | $ 253,682 | $ 100,000 |
| Albany, OR | 38 | $ 9,739,000 | $ 256,289 | $ 105,000 |
| Las Cruces, NM | 38 | $ 6,436,000 | $ 169,368 | $ 85,000 |
| Logan, UT-ID | 27 | $ 7,677,000 | $ 284,333 | $ 102,666 |
| Olympia-Tumwater, WA | 26 | $ 8,171,000 | $ 314,269 | $ 99,000 |
| St. George, UT | 21 | $ 8,327,000 | $ 396,523 | $ 208,000 |
| Grants Pass, OR | 20 | $ 17,156,000 | $ 857,800 | $ 70,000 |
| Yuma, AZ | 19 | $ 2,240,000 | $ 117,894 | $ 54,000 |
| Farmington, NM | 17 | $ 4,197,000 | $ 246,882 | $ 110,000 |
| Pocatello, ID | 17 | $ 2,177,000 | $ 128,058 | $ 65,000 |
| Austin-Round Rock, TX | 13 | $ 40,909,000 | $ 3,146,846 | $ 175,000 |
| Flagstaff, AZ | 12 | $ 5,784,000 | $ 482,000 | $ 223,000 |
| Walla Walla, WA | 12 | $ 2,321,000 | $ 193,416 | $ 78,000 |
| Yakima, WA | 11 | $ 4,379,000 | $ 398,090 | $ 173,000 |
| Reno, NV | 10 | $ 4,761,000 | $ 476,100 | $ 155,000 |
| Lake Havasu City-Kingman, AZ | 9 | $ 6,119,000 | $ 679,888 | $ 50,000 |
| Coeur D'Alene, ID | 8 | $ 2,767,000 | $ 345,875 | $ 141,000 |
| Lewiston, ID-WA | 7 | $ 1,397,000 | $ 199,571 | $ 65,571 |
| Fort Worth-Arlington, TX | 6 | $ 1,546,000 | $ 257,666 | $ 122,000 |
| El Paso, TX | 3 | $ 503,000 | $ 167,666 | $ 51,000 |
| San Antonio-New Braunfels, TX | 3 | $ 11,200,000 | $ 3,733,333 | $ 0 |
| Kennewick-Richland, WA | 2 | $ 1,550,000 | $ 775,000 | $ 344,000 |
| Sherman-Denison, TX | 2 | $ 561,000 | $ 280,500 | $ 42,000 |
| Longview, WA | 1 | $ 192,000 | $ 192,000 | $ 39,000 |
Mortgage Loan Application Detail Totals for Washington Federal in 2016
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 | 5,434 | $2,475,604,000 | $455,000 | $79,800,000 | $133,000 | $4,080,000 |
| Refinancing | 1,549 | $590,042,000 | $380,000 | $87,000,000 | $123,000 | $3,084,000 |
| Home Improvement | 130 | $36,825,000 | $283,000 | $2,000,000 | $94,000 | $1,576,000 |
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 | 5,153 | $2,029,126,000 | $393,000 | $87,000,000 | $135,000 | $4,080,000 |
| Not Provided | 629 | $264,922,000 | $421,000 | $3,800,000 | $176,000 | $1,760,000 |
| Hispanic | 534 | $113,259,000 | $212,000 | $1,680,000 | $83,000 | $900,000 |
| Asian | 448 | $165,084,000 | $368,000 | $2,064,000 | $127,000 | $1,663,000 |
| Not applicable | 210 | $481,777,000 | $2,294,000 | $41,661,000 | $0 | $0 |
| Black or African American | 70 | $27,730,000 | $396,000 | $1,500,000 | $156,000 | $1,488,000 |
| American Indian or Alaskan Native | 41 | $12,018,000 | $293,000 | $1,040,000 | $102,000 | $650,000 |
| Native Hawaiin or Other Pacific Islander | 28 | $8,555,000 | $305,000 | $688,000 | $107,000 | $345,000 |
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) | 7,113 | $3,102,471,000 | $436,000 | $87,000,000 | $130,000 | $4,080,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 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 | 3,458 | $1,711,187,000 | $494,000 | $87,000,000 | $142,000 | $4,080,000 |
| Application Denied By Financial Institution | 1,410 | $545,875,000 | $387,000 | $79,800,000 | $97,000 | $1,655,000 |
| File Closed For Incompleteness | 1,101 | $417,751,000 | $379,000 | $3,800,000 | $145,000 | $1,760,000 |
| Application Withdrawn By Applicant | 619 | $206,862,000 | $334,000 | $5,000,000 | $121,000 | $3,084,000 |
| Application Approved But Not Accepted | 445 | $168,838,000 | $379,000 | $4,005,000 | $136,000 | $1,680,000 |
| Loan Purchased By The Institution | 80 | $51,958,000 | $649,000 | $1,215,000 | $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 | 751 | $255,298,000 | $339,000 | $3,750,000 | $76,000 | $1,353,000 |
| Credit History | 351 | $98,504,000 | $280,000 | $2,160,000 | $107,000 | $1,488,000 |
| Other | 99 | $41,743,000 | $421,000 | $2,650,000 | $166,000 | $1,206,000 |
| Collateral | 98 | $104,966,000 | $1,071,000 | $79,800,000 | $122,000 | $754,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 52 | $24,772,000 | $476,000 | $3,461,000 | $164,000 | $1,655,000 |
| Employment History | 47 | $13,233,000 | $281,000 | $1,500,000 | $81,000 | $240,000 |
| Unverifiable Information | 7 | $6,170,000 | $881,000 | $2,500,000 | $269,000 | $802,000 |
| Credit Application Incomplete | 5 | $1,189,000 | $237,000 | $483,000 | $70,000 | $141,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Washington Federal's 2016 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 Washington Federal'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.
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