Washington
Mortgage Loan Application
Totals and Details
in 2019

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 2003-2019 in all of Washington.
You can organize this information by metropolitan area and by county.

Years 2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 530,778
Total Mortgage Loan Application Amount $176,681,455,000
Average Mortgage Loan Application Amount $332,000
Highest Mortgage Loan Application Amount $84,885,000
Average Applicant Income $126,000
Highest Applicant Income $9,500,000

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 2019

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 203,454 $78,850,605,000 $387,000 $84,885,000 $130,000 $9,000,000
Refinancing 139,117 $52,005,520,000 $373,000 $58,495,000 $134,000 $9,500,000
Cash-out Refinancing 111,868 $35,658,510,000 $318,000 $50,005,000 $110,000 $7,738,000
Home Improvement 37,535 $4,474,295,000 $119,000 $80,945,000 $127,000 $9,000,000
Other Purpose 35,525 $4,869,255,000 $137,000 $77,005,000 $131,000 $9,374,000
Not Applicable 3,279 $823,270,000 $251,000 $8,195,000 $101,000 $966,000

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 323,084 $95,720,180,000 $296,000 $15,505,000 $123,000 $9,000,000
Not Provided 81,038 $27,889,630,000 $344,000 $17,505,000 $136,000 $7,925,000
Asian 40,126 $16,437,640,000 $409,000 $20,005,000 $151,000 $8,706,000
Not applicable 31,576 $20,928,915,000 $663,000 $84,885,000 $120,000 $9,500,000
Hispanic 27,230 $6,837,060,000 $251,000 $4,805,000 $95,000 $6,240,000
Black or African American 13,746 $4,090,260,000 $297,000 $3,755,000 $109,000 $9,500,000
American Indian or Alaskan Native 4,455 $1,112,985,000 $249,000 $2,105,000 $102,000 $2,974,000
Native Hawaiian or Other Pacific Islander 2,451 $699,335,000 $285,000 $1,245,000 $100,000 $2,500,000

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) 402,697 $136,341,760,000 $338,000 $84,885,000 $136,000 $9,500,000
VA-guaranteed (Veterans Administration) 64,670 $22,236,010,000 $343,000 $6,145,000 $86,000 $1,527,000
FHA-insured (Federal Housing Administration) 61,425 $17,605,955,000 $286,000 $80,945,000 $79,000 $3,009,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1,986 $497,730,000 $250,000 $8,915,000 $68,000 $1,570,000

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 307,553 $107,349,160,000 $349,000 $84,885,000 $129,000 $9,500,000
Application Withdrawn By Applicant 72,305 $25,138,810,000 $347,000 $80,945,000 $128,000 $9,374,000
Application Denied By Financial Institution 62,320 $14,800,450,000 $237,000 $54,925,000 $106,000 $9,000,000
Loan Purchased By The Institution 58,496 $20,324,345,000 $347,000 $41,235,000 $128,000 $9,500,000
File Closed For Incompleteness 19,141 $5,850,665,000 $305,000 $13,785,000 $128,000 $9,000,000
Application Approved But Not Accepted 10,439 $3,013,295,000 $288,000 $45,505,000 $123,000 $5,770,000
Preapproval Approved but not Accepted 412 $169,430,000 $411,000 $1,975,000 $131,000 $801,000
Preapproval Denied by Financial Institution 112 $35,300,000 $315,000 $1,335,000 $85,000 $219,000

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 462,624 $159,881,355,000 $345,000 $84,885,000 $129,000 $9,500,000
Debt-To-Income Ratio 26,173 $6,904,715,000 $263,000 $49,075,000 $89,000 $9,500,000
Credit History 14,879 $2,535,895,000 $170,000 $17,005,000 $105,000 $6,000,000
Collateral 9,836 $2,345,680,000 $238,000 $22,005,000 $133,000 $5,918,000
Other 6,316 $1,788,370,000 $283,000 $54,925,000 $123,000 $9,000,000
Credit Application Incomplete 6,198 $1,886,700,000 $304,000 $3,755,000 $120,000 $6,264,000
Unverifiable Information 2,872 $633,610,000 $220,000 $3,425,000 $136,000 $3,964,000
Insufficient Cash (Downpayment, Closing Cost) 1,136 $487,930,000 $429,000 $10,275,000 $137,000 $2,770,000
Employment History 723 $210,285,000 $290,000 $5,335,000 $86,000 $757,000
Mortgage Insurance Denied 21 $6,915,000 $329,000 $655,000 $105,000 $198,000
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Mortgage Loan Application Totals in 2019 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 13,909 $ 4,249,695,000 $ 305,000 $ 115,000
BREMERTON-SILVERDALE, WA 21,368 $ 6,618,155,000 $ 309,000 $ 117,000
KENNEWICK-RICHLAND, WA 18,992 $ 4,397,700,000 $ 231,000 $ 99,000
LONGVIEW, WA 9,038 $ 2,037,590,000 $ 225,000 $ 85,000
MOUNT VERNON-ANACORTES, WA 8,694 $ 2,437,430,000 $ 280,000 $ 105,000
OLYMPIA-TUMWATER, WA 23,201 $ 6,128,985,000 $ 264,000 $ 102,000
SEATTLE-BELLEVUE-EVERETT, WA 207,388 $ 90,921,335,000 $ 438,000 $ 158,000
SPOKANE-SPOKANE VALLEY, WA 40,917 $ 8,780,265,000 $ 214,000 $ 95,000
TACOMA-LAKEWOOD, WA 75,651 $ 22,760,210,000 $ 300,000 $ 110,000
WALLA WALLA, WA 3,288 $ 700,660,000 $ 213,000 $ 95,000
WENATCHEE, WA 7,413 $ 2,005,085,000 $ 270,000 $ 125,000
YAKIMA, WA 9,998 $ 2,010,440,000 $ 201,000 $ 86,000
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Mortgage Loan Application Totals in 2019 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 673 $ 117,615,000 $ 174,000 $ 79,000
Asotin 1,182 $ 218,190,000 $ 184,000 $ 85,000
Benton 13,553 $ 3,193,435,000 $ 235,000 $ 103,000
Chelan 4,810 $ 1,373,130,000 $ 285,000 $ 135,000
Clallam 4,427 $ 1,034,345,000 $ 233,000 $ 90,000
Clark 41,263 $ 11,687,265,000 $ 283,000 $ 110,000
Columbia 199 $ 29,265,000 $ 147,000 $ 73,000
Cowlitz 9,051 $ 2,045,795,000 $ 226,000 $ 85,000
Douglas 2,607 $ 650,635,000 $ 249,000 $ 106,000
Ferry 266 $ 46,040,000 $ 173,000 $ 79,000
Franklin 5,455 $ 1,237,965,000 $ 226,000 $ 89,000
Garfield 90 $ 12,550,000 $ 139,000 $ 89,000
Grant 4,452 $ 870,540,000 $ 195,000 $ 94,000
Grays Harbor 4,943 $ 915,425,000 $ 185,000 $ 86,000
Island 7,211 $ 2,163,085,000 $ 299,000 $ 111,000
Jefferson 1,909 $ 492,645,000 $ 258,000 $ 110,000
King 142,285 $ 67,998,550,000 $ 477,000 $ 173,000
Kitsap 21,381 $ 6,624,230,000 $ 309,000 $ 117,000
Kittitas 3,363 $ 1,035,185,000 $ 307,000 $ 154,000
Klickitat 1,177 $ 286,015,000 $ 243,000 $ 99,000
Lewis 5,842 $ 1,201,240,000 $ 205,000 $ 84,000
Lincoln 649 $ 103,855,000 $ 160,000 $ 83,000
Mason 5,559 $ 1,232,375,000 $ 221,000 $ 96,000
Okanogan 1,531 $ 291,575,000 $ 190,000 $ 93,000
Pacific 1,441 $ 257,155,000 $ 178,000 $ 87,000
Pend Oreille 875 $ 177,505,000 $ 202,000 $ 95,000
Pierce 75,710 $ 22,863,265,000 $ 301,000 $ 109,000
San Juan 1,007 $ 384,075,000 $ 381,000 $ 166,000
Skagit 8,698 $ 2,438,270,000 $ 280,000 $ 105,000
Skamania 783 $ 207,055,000 $ 264,000 $ 107,000
Snohomish 65,233 $ 23,158,785,000 $ 355,000 $ 125,000
Spokane 38,224 $ 8,262,870,000 $ 216,000 $ 96,000
Stevens 2,711 $ 531,875,000 $ 196,000 $ 88,000
Thurston 23,221 $ 6,142,295,000 $ 264,000 $ 102,000
Wahkiakum 264 $ 54,250,000 $ 205,000 $ 81,000
Walla Walla 3,289 $ 700,715,000 $ 213,000 $ 95,000
Whatcom 13,912 $ 4,250,030,000 $ 305,000 $ 115,000
Whitman 1,525 $ 381,005,000 $ 249,000 $ 103,000
Yakima 10,007 $ 2,011,355,000 $ 200,000 $ 86,000

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