Washington
Mortgage Loan Application
Totals and Details
in 2020

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 2003-2020 in all of Washington.
You can organize this information by metropolitan area and by county.

Years 2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 819,433
Total Mortgage Loan Application Amount $284,438,645,000
Average Mortgage Loan Application Amount $347,000
Highest Mortgage Loan Application Amount $93,005,000
Average Applicant Income $135,000
Highest Applicant Income $9,999,000

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 2020

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
Refinancing 388,499 $139,064,430,000 $357,000 $67,575,000 $141,000 $9,772,000
Home Purchase 211,359 $85,115,445,000 $402,000 $93,005,000 $133,000 $9,999,000
Cash-out Refinancing 152,658 $50,078,705,000 $328,000 $40,055,000 $121,000 $9,485,000
Home Improvement 32,164 $4,223,950,000 $131,000 $24,005,000 $137,000 $6,640,000
Other Purpose 29,751 $4,830,255,000 $162,000 $13,975,000 $149,000 $7,500,000
Not Applicable 5,002 $1,125,860,000 $225,000 $1,905,000 $66,000 $331,000

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 489,633 $157,274,275,000 $321,000 $20,005,000 $131,000 $9,485,000
Not Provided 136,377 $48,867,470,000 $358,000 $77,505,000 $145,000 $9,999,000
Asian 69,821 $30,019,845,000 $429,000 $7,705,000 $159,000 $6,537,000
Not applicable 41,131 $21,802,845,000 $530,000 $93,005,000 $130,000 $6,262,000
Hispanic 39,928 $11,292,240,000 $282,000 $25,995,000 $103,000 $7,358,000
Black or African American 19,312 $6,305,750,000 $326,000 $5,155,000 $115,000 $7,500,000
American Indian or Alaskan Native 6,530 $1,821,380,000 $278,000 $2,805,000 $108,000 $3,996,000
Native Hawaiian or Other Pacific Islander 3,457 $1,089,585,000 $315,000 $43,005,000 $110,000 $6,736,000

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) 651,044 $230,168,330,000 $353,000 $93,005,000 $142,000 $9,999,000
VA-guaranteed (Veterans Administration) 95,130 $33,536,440,000 $352,000 $5,655,000 $91,000 $6,736,000
FHA-insured (Federal Housing Administration) 70,519 $19,950,865,000 $282,000 $67,575,000 $79,000 $9,999,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 2,740 $783,010,000 $285,000 $1,505,000 $80,000 $779,000

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 505,903 $182,093,805,000 $359,000 $93,005,000 $135,000 $9,772,000
Application Withdrawn By Applicant 115,155 $41,287,015,000 $358,000 $77,505,000 $144,000 $8,642,000
Application Denied By Financial Institution 75,031 $20,934,815,000 $279,000 $37,005,000 $118,000 $7,500,000
Loan Purchased By The Institution 68,966 $22,526,540,000 $326,000 $8,215,000 $126,000 $9,999,000
File Closed For Incompleteness 36,874 $12,052,110,000 $326,000 $41,735,000 $137,000 $9,485,000
Application Approved But Not Accepted 16,999 $5,318,165,000 $312,000 $24,005,000 $131,000 $6,834,000
Preapproval Approved but not Accepted 363 $173,725,000 $478,000 $1,835,000 $139,000 $1,110,000
Preapproval Denied by Financial Institution 142 $52,470,000 $369,000 $1,765,000 $96,000 $485,000

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 740,556 $261,912,910,000 $353,000 $93,005,000 $136,000 $9,999,000
Debt-To-Income Ratio 25,503 $7,853,555,000 $307,000 $58,805,000 $89,000 $6,822,000
Credit History 14,791 $3,191,635,000 $215,000 $25,995,000 $119,000 $7,040,000
Credit Application Incomplete 12,841 $4,122,125,000 $321,000 $10,005,000 $141,000 $7,500,000
Collateral 9,917 $2,484,670,000 $250,000 $21,645,000 $148,000 $5,981,000
Other 9,023 $2,787,940,000 $309,000 $37,005,000 $147,000 $4,515,000
Unverifiable Information 3,999 $1,102,635,000 $275,000 $2,405,000 $143,000 $6,055,000
Employment History 1,463 $443,205,000 $302,000 $2,805,000 $93,000 $3,112,000
Insufficient Cash (Downpayment, Closing Cost) 1,319 $532,525,000 $403,000 $14,505,000 $130,000 $1,490,000
Mortgage Insurance Denied 21 $7,445,000 $354,000 $1,265,000 $110,000 $684,000
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Mortgage Loan Application Totals in 2020 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 21,957 $ 6,956,165,000 $ 316,000 $ 120,000
BREMERTON-SILVERDALE, WA 32,794 $ 10,495,645,000 $ 320,000 $ 122,000
KENNEWICK-RICHLAND, WA 27,561 $ 6,929,375,000 $ 251,000 $ 105,000
LONGVIEW, WA 12,569 $ 3,051,665,000 $ 242,000 $ 89,000
MOUNT VERNON-ANACORTES, WA 12,982 $ 3,897,820,000 $ 300,000 $ 113,000
OLYMPIA-TUMWATER, WA 33,729 $ 9,709,895,000 $ 287,000 $ 110,000
SEATTLE-BELLEVUE-EVERETT, WA 344,522 $ 150,292,080,000 $ 436,000 $ 163,000
SPOKANE-SPOKANE VALLEY, WA 58,175 $ 13,504,575,000 $ 232,000 $ 104,000
TACOMA-LAKEWOOD, WA 109,182 $ 34,467,895,000 $ 315,000 $ 117,000
WALLA WALLA, WA 4,776 $ 1,120,230,000 $ 234,000 $ 104,000
WENATCHEE, WA 11,465 $ 3,464,515,000 $ 302,000 $ 138,000
YAKIMA, WA 13,923 $ 2,991,775,000 $ 214,000 $ 94,000
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Mortgage Loan Application Totals in 2020 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 984 $ 181,430,000 $ 184,000 $ 79,000
Asotin 1,661 $ 327,995,000 $ 197,000 $ 92,000
Benton 19,776 $ 5,072,150,000 $ 256,000 $ 110,000
Chelan 7,602 $ 2,378,060,000 $ 312,000 $ 148,000
Clallam 6,527 $ 1,629,675,000 $ 249,000 $ 99,000
Clark 63,357 $ 19,233,185,000 $ 303,000 $ 117,000
Columbia 286 $ 50,100,000 $ 175,000 $ 85,000
Cowlitz 12,569 $ 3,051,665,000 $ 242,000 $ 89,000
Douglas 3,863 $ 1,086,455,000 $ 281,000 $ 117,000
Ferry 312 $ 60,510,000 $ 193,000 $ 95,000
Franklin 7,785 $ 1,857,225,000 $ 238,000 $ 93,000
Garfield 120 $ 17,590,000 $ 146,000 $ 79,000
Grant 6,766 $ 1,416,520,000 $ 209,000 $ 102,000
Grays Harbor 6,790 $ 1,387,970,000 $ 204,000 $ 100,000
Island 10,771 $ 3,392,425,000 $ 314,000 $ 123,000
Jefferson 3,093 $ 863,475,000 $ 279,000 $ 111,000
King 239,840 $ 111,637,215,000 $ 465,000 $ 176,000
Kitsap 32,794 $ 10,495,645,000 $ 320,000 $ 122,000
Kittitas 5,134 $ 1,675,160,000 $ 326,000 $ 168,000
Klickitat 1,931 $ 518,305,000 $ 268,000 $ 110,000
Lewis 7,822 $ 1,780,400,000 $ 227,000 $ 92,000
Lincoln 882 $ 171,450,000 $ 194,000 $ 91,000
Mason 7,810 $ 1,908,610,000 $ 244,000 $ 106,000
Okanogan 2,204 $ 465,320,000 $ 211,000 $ 110,000
Pacific 2,134 $ 426,390,000 $ 199,000 $ 94,000
Pend Oreille 1,227 $ 274,135,000 $ 223,000 $ 102,000
Pierce 109,180 $ 34,466,985,000 $ 315,000 $ 117,000
San Juan 1,886 $ 788,370,000 $ 418,000 $ 195,000
Skagit 12,982 $ 3,897,820,000 $ 300,000 $ 113,000
Skamania 1,265 $ 360,805,000 $ 285,000 $ 111,000
Snohomish 104,684 $ 38,655,825,000 $ 369,000 $ 131,000
Spokane 54,523 $ 12,713,575,000 $ 233,000 $ 105,000
Stevens 3,652 $ 791,000,000 $ 216,000 $ 97,000
Thurston 33,729 $ 9,709,895,000 $ 287,000 $ 110,000
Wahkiakum 423 $ 95,675,000 $ 226,000 $ 97,000
Walla Walla 4,776 $ 1,120,230,000 $ 234,000 $ 104,000
Whatcom 21,957 $ 6,956,165,000 $ 316,000 $ 120,000
Whitman 2,413 $ 531,465,000 $ 220,000 $ 110,000
Yakima 13,923 $ 2,991,775,000 $ 214,000 $ 94,000

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