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WASHINGTON FEDERAL BANK
Bank|Seattle, WA|Multi-Region
Loans Originated
690
Applications
1,645
Volume
$519 million
Offers loans directly to consumersSources loans from independent brokers
Overall Pricing
Mediocre
Overall Pull Through
Acceptable
Pricing and Pullthrough Overview
Average Rate Spread
+0.434%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$4,643
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
41.9%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Particularly strong in Conventional and Jumbo loans
Things to Think About
- Pricing may be below industry average
- Higher than average fees ($4,643)
- Pull through efficiency is below industry average
Report Card
WASHINGTON FEDERAL BANK performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Mediocre | Below peers | |
Pull Through Closing Strength | Acceptable | Near industry average | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
Jumbo | Exceptional | Market Leader | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Acceptable | Near industry average | |
Places Geographic coverage | Sound | Multi-Regional · 19 metro areas · 8 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$753,319
Average Borrower Income
$256,945
Average Property Value
$1,347,536
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Acceptable | Strong | Mediocre | Acceptable | 508 | 73.6% | +0.407% | $4,689 |
Jumbo Loans | Acceptable | Exceptional | Mediocre | Sound | 182 | 26.4% | +0.820% | $3,980 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Acceptable | Strong | Mediocre | Acceptable | 648 | 93.9% | +0.417% | $4,785 |
Refinance | Mediocre | Acceptable | Mediocre | Mediocre | 42 | 6.1% | +0.563% | $3,562 |
Geographic Coverage
Metro Areas
18
States Served
8
We count Washington DC as a state
Avg Place Specialization
Sound
States with Loan Originations
AZCAIDNMNVORUTWA
Top Metro Areas by Place Specialization Score
1
Seattle, WAMSA
Volume: 75Mix: 10.87%
Place Specialization
Strong
2
Everett, WA, WAMSA
Volume: 40Mix: 5.80%
Place Specialization
Strong
3
Las Vegas, NVMSA
Volume: 42Mix: 6.09%
Place Specialization
Sound
4
Bellingham, WA, WAMSA
Volume: 25Mix: 3.62%
Place Specialization
Sound
5
Mount Vernon, WAMSA
Volume: 16Mix: 2.32%
Place Specialization
Sound
6
Boise City, ID, IDMSA
Volume: 34Mix: 4.93%
Place Specialization
Sound
7
Portland, OR-WAMSA
Volume: 35Mix: 5.07%
Place Specialization
Sound
8
Phoenix, AZMSA
Volume: 39Mix: 5.65%
Place Specialization
Sound
9
Wenatchee, WAMSA
Volume: 15Mix: 2.17%
Place Specialization
Sound
10
Tucson, AZ, AZMSA
Volume: 26Mix: 3.77%
Place Specialization
Sound
Showing 10 of 18 metro areas
Top States by Place Specialization Score
1
WAState
Volume: 284Mix: 41.16%
Place Specialization
Strong
2
ORState
Volume: 94Mix: 13.62%
Place Specialization
Strong
3
AZState
Volume: 90Mix: 13.04%
Place Specialization
Strong
4
UTState
Volume: 56Mix: 8.12%
Place Specialization
Sound
5
IDState
Volume: 56Mix: 8.12%
Place Specialization
Sound
6
NVState
Volume: 44Mix: 6.38%
Place Specialization
Sound
7
NMState
Volume: 31Mix: 4.49%
Place Specialization
Sound
8
CAState
Volume: 35Mix: 5.07%
Place Specialization
Sound
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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