# 1st Security Bank of Washington

> **Canonical URL:** https://saferate.com/lenders/1st-security-bank-of-washington


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


1st Security Bank of Washington is a bank, headquartered in Mountlake Terrace, WA, serving borrowers across 6 states, with 1,021 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 76% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 24% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 5493003T5D4N1CM46J77
- **Headquarters:** Mountlake Terrace, WA
- **Geographic Reach:** Multi-Region
- **States Served:** 6
- **State List:** AZ, CA, ID, NV, OR, WA
- **Markets (MSAs):** 9
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 24/100
- Rating: ●●○○○ (2/5)

### Pull Through: Strong 😀
- Score: 76/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.190%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $4,255
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 1,021
- **Dollar Volume:** $560 million
- **Applications Received:** 1,367
- **Market Share:** 3.00%

## Typical Borrower Profile

- **Average Loan Amount:** $548,036
- **Average Borrower Income:** $202,346
- **Average Property Value:** $751,621

## Safe Rate Awards 🏆

- ⭐ **FHA Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 73/100 | 703 | +0.214% | $4,250 | Strong 😀 |
| FHA | 75/100 | 174 | +0.250% | $4,486 | Strong 😀 |
| VA | 71/100 | 56 | -0.433% | $4,188 | Strong 😀 |
| Jumbo | 76/100 | 86 | +0.209% | $3,784 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 647 loans, Score: 74/100 (Strong)
- Refinance: 56 loans, Score: 48/100 (Sound)

**FHA:**
- Purchase: 160 loans, Score: 74/100 (Strong)

**VA:**
- Purchase: 53 loans, Score: 71/100 (Strong)

**Jumbo:**
- Purchase: 83 loans, Score: 78/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 76/100 | 945 | $525M | +0.195% | Strong 😀 |
| Refinance | 58/100 | 76 | $35M | +0.147% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| WA | 935 | 1.10% | 92/100 |
| OR | 45 | 0.11% | 56/100 |
| ID | 13 | 0.05% | 42/100 |
| AZ | 10 | 0.01% | 37/100 |
| CA | 10 | 0.00% | 35/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Kennewick | WA | 245 | 99/100 |
| Seattle | WA | 221 | 80/100 |
| Non |  | 136 | 56/100 |
| Everett, WA | WA | 98 | 78/100 |
| Tacoma | WA | 98 | 78/100 |
| Portland | OR-WA | 50 | 59/100 |
| Bremerton | WA | 44 | 71/100 |
| Olympia | WA | 27 | 60/100 |
| Yakima, WA | WA | 25 | 58/100 |

## Where This Lender Ranks

1st Security Bank of Washington appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Kennewick for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/kennewick/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Everett, WA for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/everett-wa/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Olympia for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/olympia/best-mortgage-lenders/banks/fha-loans)
- 🥈 **#2** in Washington for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/washington-state/best-mortgage-lenders/banks/fha-loans)
- 🥈 **#2** in Kennewick for FHA Loans
  - [View Full Rankings](https://saferate.com/kennewick/best-mortgage-lenders/fha-loans)
- 🥈 **#2** in Seattle for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/seattle/best-mortgage-lenders/banks/va-loans)
- 🥈 **#2** in Tacoma for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/tacoma/best-mortgage-lenders/banks/fha-loans)
- 🥈 **#2** in Everett, WA for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/everett-wa/best-mortgage-lenders/banks/va-loans)
- 🥈 **#2** in Yakima, WA for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/yakima-wa/best-mortgage-lenders/banks/fha-loans)
- 🥉 **#3** in Kennewick for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/kennewick/best-mortgage-lenders/banks/va-loans)
- 🏆 **#4** in Kennewick Banks
  - [View Full Rankings](https://saferate.com/kennewick/best-mortgage-lenders/banks)
- 🏆 **#4** in Bremerton for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/bremerton/best-mortgage-lenders/banks/va-loans)
- 🏆 **#5** in Kennewick for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/kennewick/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#5** in Bremerton Banks
  - [View Full Rankings](https://saferate.com/bremerton/best-mortgage-lenders/banks)
- 🏆 **#5** in Bremerton for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/bremerton/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#5** in Olympia Banks
  - [View Full Rankings](https://saferate.com/olympia/best-mortgage-lenders/banks)
- 🏆 **#5** in Yakima, WA for FHA Loans
  - [View Full Rankings](https://saferate.com/yakima-wa/best-mortgage-lenders/fha-loans)
- 🏆 **#6** in Tacoma for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/tacoma/best-mortgage-lenders/banks/va-loans)
- 🏆 **#6** in Yakima, WA Banks
  - [View Full Rankings](https://saferate.com/yakima-wa/best-mortgage-lenders/banks)
- 🏆 **#7** in Washington for FHA Loans
  - [View Full Rankings](https://saferate.com/washington-state/best-mortgage-lenders/fha-loans)

## Frequently Asked Questions

### What loan types does 1st Security Bank of Washington offer?

1st Security Bank of Washington offers the following mortgage loan types: FHA, Conventional, VA, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does 1st Security Bank of Washington offer mortgages?

1st Security Bank of Washington offers mortgages in 6 states: AZ, CA, ID, NV, OR, WA.

### How competitive are 1st Security Bank of Washington's mortgage rates?

1st Security Bank of Washington has a pricing score of 24/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.190% above market average.

### What type of lender is 1st Security Bank of Washington?

1st Security Bank of Washington is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Mountlake Terrace, WA.

### What is 1st Security Bank of Washington's loan approval success rate?

1st Security Bank of Washington has a pull-through score of 76/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

---

## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/1st-security-bank-of-washington

### How to Cite

> "1st Security Bank of Washington Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/1st-security-bank-of-washington

---

**[View Interactive Profile →](https://saferate.com/lenders/1st-security-bank-of-washington)**