# Washington Trust Bank

> **Canonical URL:** https://saferate.com/lenders/washington-trust-bank

> **📋 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

Washington Trust Bank is a bank, headquartered in Spokane, WA, serving borrowers across 14 states, with 376 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 48% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 44% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300P2GEYNMH5OQA71
- **Headquarters:** Spokane, WA
- **Geographic Reach:** Multi-Region
- **States Served:** 14
- **State List:** AK, AZ, CA, CO, FL, ID, KY, MI, NC, NV, OR, TX, UT, WA
- **Markets (MSAs):** 8
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 52/100
- Rating: ●●●○○ (3/5)

### Pull Through: Sound ☺️
- Score: 56/100
- Rating: ●●●○○ (3/5)

### Pricing Details
- **Average Rate Spread:** +0.187%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,301
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 376
- **Dollar Volume:** $198 million
- **Applications Received:** 610
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $526,410
- **Average Borrower Income:** $243,016

## Safe Rate Awards 🏆

- ⭐ **Refinance Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 59/100 | 289 | +0.150% | $1,211 | Sound ☺️ |
| FHA | 52/100 | 20 | +0.461% | $1,514 | Sound ☺️ |
| VA | 37/100 | 10 | -0.454% | $3,953 | Acceptable 🙂 |
| Jumbo | 78/100 | 57 | +0.466% | $1,197 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 225 loans, Score: 56/100 (Sound)
- Refinance: 64 loans, Score: 61/100 (Strong)

**Jumbo:**
- Purchase: 53 loans, Score: 79/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 58/100 | 301 | $171M | +0.212% | Sound ☺️ |
| Refinance | 61/100 | 75 | $27M | +0.090% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| WA | 237 | 0.28% | 78/100 |
| ID | 62 | 0.23% | 62/100 |
| OR | 47 | 0.11% | 60/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Spokane | WA | 133 | 88/100 |
| Non |  | 56 | 46/100 |
| Seattle | WA | 33 | 58/100 |
| Portland | OR-WA | 24 | 52/100 |
| Bend, OR | OR | 23 | 62/100 |
| Boise City, ID | ID | 21 | 51/100 |
| Coeur d'Alene, ID | ID | 18 | 54/100 |
| Kennewick | WA | 11 | 46/100 |

## Frequently Asked Questions

### What loan types does Washington Trust Bank offer?

Washington Trust Bank 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 Washington Trust Bank offer mortgages?

Washington Trust Bank offers mortgages in 14 states: AK, AZ, CA, CO, FL, ID, KY, MI, NC, NV, OR, TX, UT, WA.

### How competitive are Washington Trust Bank's mortgage rates?

Washington Trust Bank has a pricing score of 52/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.187% above market average.

### What type of lender is Washington Trust Bank?

Washington Trust Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Spokane, WA.

### What is Washington Trust Bank's loan approval success rate?

Washington Trust Bank has a pull-through score of 56/100 (Sound). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/washington-trust-bank

### How to Cite

> "Washington Trust Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/washington-trust-bank

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