Washington
Mortgage Loan Application
Totals and Details
in 2018

Find mortgage statistics and mortgage data for Washington.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2018 in all of Washington.
You can organize this information by metropolitan area and by county.

Years 2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 438,981
Total Mortgage Loan Application Amount $130,018,340,000
Average Mortgage Loan Application Amount $296,000
Highest Mortgage Loan Application Amount $85,575,000
Average Applicant Income $120,000
Highest Applicant Income $9,939,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in Washington, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

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Mortgage Loan Application Detail Totals for Washington in 2018

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 200,050 $73,126,895,000 $365,000 $85,575,000 $125,000 $9,228,000
Cash-out Refinancing 91,531 $27,081,635,000 $295,000 $41,805,000 $102,000 $6,932,000
Refinancing 63,575 $19,009,705,000 $299,000 $70,005,000 $121,000 $9,939,000
Home Improvement 41,671 $4,760,145,000 $114,000 $23,005,000 $124,000 $6,000,000
Other Purpose 37,480 $4,920,630,000 $131,000 $41,605,000 $127,000 $9,516,000
Not Applicable 4,674 $1,119,330,000 $239,000 $3,425,000 $93,000 $1,171,000

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 268,417 $69,936,025,000 $260,000 $11,005,000 $117,000 $9,355,000
Not Provided 61,771 $19,120,935,000 $309,000 $18,155,000 $132,000 $9,516,000
Asian 34,739 $12,881,755,000 $370,000 $10,005,000 $143,000 $9,939,000
Not applicable 28,295 $16,621,630,000 $587,000 $85,575,000 $106,000 $1,685,000
Hispanic 22,965 $5,087,285,000 $221,000 $2,205,000 $90,000 $8,106,000
Black or African American 11,479 $3,074,165,000 $267,000 $5,005,000 $102,000 $8,500,000
American Indian or Alaskan Native 4,156 $936,840,000 $225,000 $2,195,000 $97,000 $2,042,000
Native Hawaiian or Other Pacific Islander 2,186 $596,670,000 $272,000 $14,005,000 $95,000 $1,850,000

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) 342,060 $101,944,295,000 $298,000 $85,575,000 $128,000 $9,939,000
FHA-insured (Federal Housing Administration) 49,878 $13,330,650,000 $267,000 $36,845,000 $77,000 $2,158,000
VA-guaranteed (Veterans Administration) 44,689 $14,229,125,000 $318,000 $2,305,000 $88,000 $9,355,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2,354 $514,270,000 $218,000 $615,000 $64,000 $162,000

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 245,614 $76,447,300,000 $311,000 $85,575,000 $124,000 $9,355,000
Application Denied By Financial Institution 63,658 $13,401,190,000 $210,000 $46,005,000 $100,000 $8,106,000
Application Withdrawn By Applicant 58,539 $18,060,660,000 $308,000 $48,415,000 $119,000 $9,939,000
Loan Purchased By The Institution 47,172 $15,533,000,000 $329,000 $24,125,000 $122,000 $2,549,000
File Closed For Incompleteness 14,449 $3,844,745,000 $266,000 $4,405,000 $124,000 $9,516,000
Application Approved But Not Accepted 8,877 $2,470,955,000 $278,000 $56,205,000 $116,000 $3,688,000
Preapproval Approved but not Accepted 526 $213,320,000 $405,000 $1,595,000 $125,000 $530,000
Preapproval Denied by Financial Institution 146 $47,170,000 $323,000 $1,285,000 $95,000 $440,000

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
Not applicable 371,560 $115,012,185,000 $309,000 $85,575,000 $123,000 $9,939,000
Debt-To-Income Ratio 24,510 $6,258,500,000 $255,000 $48,005,000 $84,000 $9,228,000
Credit History 16,267 $2,585,015,000 $158,000 $3,505,000 $105,000 $8,106,000
Collateral 10,310 $2,101,570,000 $203,000 $8,625,000 $127,000 $7,267,000
Other 5,959 $1,364,985,000 $229,000 $46,005,000 $111,000 $2,880,000
Credit Application Incomplete 5,906 $1,576,080,000 $266,000 $5,125,000 $100,000 $5,778,000
Unverifiable Information 2,693 $551,565,000 $204,000 $3,105,000 $131,000 $4,600,000
Insufficient Cash (Downpayment, Closing Cost) 1,089 $393,775,000 $361,000 $4,005,000 $122,000 $1,980,000
Employment History 668 $169,650,000 $253,000 $1,905,000 $78,000 $800,000
Mortgage Insurance Denied 19 $5,015,000 $263,000 $665,000 $83,000 $139,000
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Mortgage Loan Application Totals in 2018 by Washington Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
BELLINGHAM, WA 10,737 $ 2,907,245,000 $ 270,000 $ 111,000
BREMERTON-SILVERDALE, WA 17,929 $ 4,834,135,000 $ 269,000 $ 110,000
KENNEWICK-RICHLAND, WA 15,410 $ 3,146,090,000 $ 204,000 $ 92,000
LONGVIEW, WA 7,085 $ 1,451,825,000 $ 204,000 $ 83,000
MOUNT VERNON-ANACORTES, WA 6,872 $ 1,730,220,000 $ 251,000 $ 102,000
OLYMPIA-TUMWATER, WA 18,830 $ 4,732,050,000 $ 251,000 $ 101,000
SEATTLE-BELLEVUE-EVERETT, WA 173,434 $ 66,711,515,000 $ 384,000 $ 148,000
SPOKANE-SPOKANE VALLEY, WA 34,224 $ 6,513,680,000 $ 190,000 $ 90,000
TACOMA-LAKEWOOD, WA 61,934 $ 16,741,090,000 $ 270,000 $ 105,000
WALLA WALLA, WA 2,922 $ 555,590,000 $ 190,000 $ 89,000
WENATCHEE, WA 5,989 $ 1,478,625,000 $ 246,000 $ 121,000
YAKIMA, WA 9,033 $ 1,608,085,000 $ 178,000 $ 81,000
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Mortgage Loan Application Totals in 2018 by Washington County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Adams 594 $ 83,760,000 $ 141,000 $ 71,000
Asotin 987 $ 199,195,000 $ 201,000 $ 76,000
Benton 10,961 $ 2,295,675,000 $ 209,000 $ 96,000
Chelan 3,947 $ 1,036,445,000 $ 262,000 $ 131,000
Clallam 3,767 $ 790,525,000 $ 209,000 $ 84,000
Clark 33,428 $ 8,644,520,000 $ 258,000 $ 109,000
Columbia 162 $ 24,190,000 $ 149,000 $ 78,000
Cowlitz 7,091 $ 1,461,305,000 $ 206,000 $ 83,000
Douglas 2,047 $ 457,335,000 $ 223,000 $ 103,000
Ferry 208 $ 31,310,000 $ 150,000 $ 77,000
Franklin 4,462 $ 861,900,000 $ 193,000 $ 82,000
Garfield 68 $ 8,140,000 $ 119,000 $ 66,000
Grant 3,725 $ 659,925,000 $ 177,000 $ 86,000
Grays Harbor 3,981 $ 703,755,000 $ 176,000 $ 86,000
Island 5,893 $ 1,613,335,000 $ 273,000 $ 114,000
Jefferson 1,825 $ 429,005,000 $ 235,000 $ 103,000
King 119,874 $ 50,339,275,000 $ 419,000 $ 161,000
Kitsap 17,961 $ 4,844,005,000 $ 269,000 $ 110,000
Kittitas 2,794 $ 839,750,000 $ 300,000 $ 140,000
Klickitat 1,065 $ 240,635,000 $ 225,000 $ 99,000
Lewis 4,757 $ 862,025,000 $ 181,000 $ 78,000
Lincoln 617 $ 92,585,000 $ 150,000 $ 76,000
Mason 4,585 $ 901,035,000 $ 196,000 $ 91,000
Okanogan 1,443 $ 242,655,000 $ 168,000 $ 87,000
Pacific 1,274 $ 207,250,000 $ 162,000 $ 83,000
Pend Oreille 758 $ 138,230,000 $ 182,000 $ 96,000
Pierce 62,020 $ 16,772,940,000 $ 270,000 $ 105,000
San Juan 882 $ 318,690,000 $ 361,000 $ 186,000
Skagit 6,879 $ 1,731,225,000 $ 251,000 $ 102,000
Skamania 760 $ 171,840,000 $ 226,000 $ 107,000
Snohomish 53,648 $ 16,467,870,000 $ 306,000 $ 119,000
Spokane 31,111 $ 5,965,095,000 $ 191,000 $ 91,000
Stevens 2,378 $ 417,870,000 $ 175,000 $ 83,000
Thurston 18,846 $ 4,759,390,000 $ 252,000 $ 101,000
Wahkiakum 234 $ 45,070,000 $ 192,000 $ 83,000
Walla Walla 2,760 $ 531,400,000 $ 192,000 $ 90,000
Whatcom 10,741 $ 2,908,405,000 $ 270,000 $ 111,000
Whitman 1,411 $ 312,205,000 $ 221,000 $ 96,000
Yakima 9,037 $ 1,608,575,000 $ 177,000 $ 81,000

We hope these mortgage application details and statistics will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in Washington.

If you prefer, you can download a copy of the entire list of mortgage lenders in Washington and search similar information back through 2003.

Download the Washington Lender List