What loan types does WASHINGTON FEDERAL BANK offer?

WASHINGTON FEDERAL BANK offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing score and performance metrics.

Where does WASHINGTON FEDERAL BANK offer mortgages?

WASHINGTON FEDERAL BANK offers mortgages in 8 states: AZ, CA, ID, NM, NV, OR, UT, WA.

How competitive are WASHINGTON FEDERAL BANK's mortgage rates?

WASHINGTON FEDERAL BANK has an overall pricing score of 13.2/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is WASHINGTON FEDERAL BANK?

WASHINGTON FEDERAL BANK is a Bank headquartered in Seattle, WA.

Unclaimed

Washington Federal Bank

Bank•Seattle, WA•Direct to Consumer

We analyzed every closed loan from Washington Federal Bank — 690 loans across 2k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing

Mediocre

vs. all lenders

Pull Through

Acceptable

closing strength

Products

Exceptional

Conventional · Jumbo

Place

Sound

Multi-Region · 18 mkts

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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

Explore another lender or local market

Report Card

Washington Federal Bank performance at a glance

Category	Score	vs. Peers
Overall Performance· Pricing & closing strength
Pricing Rate competitiveness	Mediocre	Below peers +43.4 bps above market avg
Pull Through Closing strength	Acceptable	Near industry average Bottom 40% of lenders
By Loan Product· Specialization by type
Conventional	Strong	Highly Competitive Top 40% of lenders
Jumbo	Exceptional	Market Leader Top 20% of lenders
By Loan Purpose· Transaction purpose mix
Purchase	Strong	Highly Competitive Top 40% of lenders
Refinance	Acceptable	Near industry average Bottom 40% of lenders
By Location· Geographic coverage
Geographic Reach Coverage footprint	Sound	Industry Standard Top 60% of lenders Multi-Regional19 markets

Loan Product Performance

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%Above	$4,689Fees
Jumbo Loans	Acceptable	Exceptional	Mediocre	Sound	182	26.4%	+0.820%Above	$3,980Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Acceptable	Strong	Mediocre	Acceptable	648	93.9%	+0.417%Above	$4,785Fees
Refinance	Mediocre	Acceptable	Mediocre	Mediocre	42	6.1%	+0.563%Above	$3,562Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

690

Applications

1,645

Volume

$519 million

Pricing & Closing

Avg Rate Spread

+0.434%

vs. market APOR

Avg Net Fees

$4,643

Origination − Credits

Pullthrough Rate

41.9%

Applications → Closed

Typical Borrower

Avg Loan Amount

$753,319

Avg Borrower Income

$256,945

Avg Property Value

$1,347,536

Geographic Coverage

Geographic Performance

Metro Areas

States Served

We count Washington DC as a state

Avg Place Specialization

Sound

States with Loan Originations

AZCAIDNMNVORUTWA

Top Metro Areas by Place Specialization Score

Seattle, WAMSA

Volume: 75Mix: 10.87%of portfolio

Place

Strong

Everett, WA, WAMSA

Volume: 40Mix: 5.80%of portfolio

Place

Strong

Las Vegas, NVMSA

Volume: 42Mix: 6.09%of portfolio

Place

Sound

Bellingham, WA, WAMSA

Volume: 25Mix: 3.62%of portfolio

Place

Sound

Mount Vernon, WAMSA

Volume: 16Mix: 2.32%of portfolio

Place

Sound

Boise City, ID, IDMSA

Volume: 34Mix: 4.93%of portfolio

Place

Sound

Portland, OR-WAMSA

Volume: 35Mix: 5.07%of portfolio

Place

Sound

Phoenix, AZMSA

Volume: 39Mix: 5.65%of portfolio

Place

Sound

Wenatchee, WAMSA

Volume: 15Mix: 2.17%of portfolio

Place

Sound

Tucson, AZ, AZMSA

Volume: 26Mix: 3.77%of portfolio

Place

Sound

Showing 10 of 18 metro areas

Top States by Place Specialization Score

WAState

Volume: 284Mix: 41.16%of portfolio

Place

Strong

ORState

Volume: 94Mix: 13.62%of portfolio

Place

Strong

AZState

Volume: 90Mix: 13.04%of portfolio

Place

Strong

UTState

Volume: 56Mix: 8.12%of portfolio

Place

Sound

IDState

Volume: 56Mix: 8.12%of portfolio

Place

Sound

NVState

Volume: 44Mix: 6.38%of portfolio

Place

Sound

NMState

Volume: 31Mix: 4.49%of portfolio

Place

Sound

CAState

Volume: 35Mix: 5.07%of portfolio

Place

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)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

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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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.