Safe Rate Rankings

Best Conventional Mortgage Bank Lenders in Washington

Updated February 6, 2026
⚖️ 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.
Total Lenders25
Total Loans84,205
Median Rate Spread0.23%

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RankLenderOverallPricingProductPull ThroughPlaceAvg FeesRate Spread# of LoansAction
1
U.S. Bank National AssociationBank
Exceptional
Strong
Exceptional
Strong
Exceptional
$136Credit
0.111%Below
1,709
2
Bank of America, National AssociationBank
Exceptional
Strong
Exceptional
Strong
Exceptional
$321Fees
0.283%Below
957
3
KeyBank National AssociationBank
Exceptional
Strong
Exceptional
Strong
Exceptional
$646Fees
0.071%Below
540
4
Citibank, National AssociationBank
Exceptional
Exceptional
Exceptional
Sound
Strong
$1,372Credit
0.367%Below
236
5
Wells Fargo Bank, National AssociationBank
Exceptional
Strong
Exceptional
Sound
Exceptional
$1,397Fees
0.145%Below
1,126
6
PNC Bank, National AssociationBank
Exceptional
Strong
Exceptional
Strong
Strong
$355Credit
0.007%Above
374
7
NBKC BANKBank
Exceptional
Exceptional
Strong
Sound
Strong
$625Fees
0.281%Below
331
8
Morgan Stanley Private Bank, National AssociationBank
Exceptional
Exceptional
Strong
Sound
Strong
$422Fees
0.454%Below
274
9
JPMorgan Chase Bank, National AssociationBank
Exceptional
Sound
Exceptional
Strong
Exceptional
$1,620Fees
0.030%Below
1,657
10
Yakima Federal Savings and Loan AssociationBank
Exceptional
Strong
Strong
Strong
Strong
$3,652Fees
0.311%Below
172
11
HSBC BANK USA, NATIONAL ASSOCIATIONBank
Strong
Strong
Strong
Sound
Strong
$589Credit
0.191%Below
348
12
BMO Bank National AssociationBank
Strong
Strong
Strong
Sound
Strong
$28Credit
0.073%Above
206
13
Washington Trust BankBank
Strong
Strong
Sound
Sound
Strong
$1,144Fees
0.180%Above
237
14
1st Security Bank of WashingtonBank
Strong
Acceptable
Strong
Strong
Exceptional
$4,249Fees
0.190%Above
935
15
Umpqua BankBank
Strong
Acceptable
Strong
Strong
Exceptional
$3,137Fees
0.219%Above
520
16
Sunflower Bank, National AssociationBank
Strong
Acceptable
Strong
Strong
Exceptional
$4,653Fees
0.244%Above
507
17
Flagstar Bank, N.A.Bank
Strong
Acceptable
Exceptional
Strong
Strong
$3,711Fees
0.203%Above
282
18
CORNERSTONE CAPITAL BANK, SSBBank
Strong
Mediocre
Exceptional
Strong
Exceptional
$3,975Fees
0.403%Above
1,016
19
Banner BankBank
Strong
Acceptable
Strong
Sound
Exceptional
$3,212Fees
0.187%Above
622
20
HomeStreet BankBank
Strong
Acceptable
Strong
Sound
Exceptional
$3,019Fees
0.238%Above
568
21
Glacier BankBank
Strong
Acceptable
Exceptional
Sound
Strong
$4,275Fees
0.230%Above
360
22
USAA Federal Savings BankBank
Strong
Sound
Strong
Acceptable
Strong
$2,260Fees
0.178%Below
287
23
Peoples BankBank
Strong
Acceptable
Strong
Sound
Exceptional
$3,127Fees
0.178%Above
265
24
The Federal Savings BankBank
Sound
Mediocre
Strong
Sound
Strong
$4,181Fees
0.730%Above
176
25
WASHINGTON FEDERAL BANKBank
Sound
Mediocre
Strong
Acceptable
Strong
$5,024Fees
0.458%Above
284

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 40 Points)

10
Pricing
Rate and fee competitiveness (25%)
10
Pull Through
Reliability in closing loans (25%)
10
Product
Specialization in the loan type (25%)
10
Place
Local market expertise (25%)

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.