Safe Rate Rankings

Best FHA 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.

Market

Total Lenders15

Total Loans84,205

Median Rate Spread0.23%

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	KeyBank National AssociationBank	Exceptional	Exceptional	Strong	Sound	Exceptional	$646Fees	0.071%Below	540
2	U.S. Bank National AssociationBank	Exceptional	Strong	Exceptional	Sound	Exceptional	$136Credit	0.111%Below	1,709
3	NBKC BANKBank	Exceptional	Exceptional	Strong	Sound	Strong	$625Fees	0.281%Below	331
4	1st Security Bank of WashingtonBank	Exceptional	Sound	Strong	Exceptional	Exceptional	$4,249Fees	0.190%Above	935
5	Banner BankBank	Exceptional	Strong	Strong	Sound	Exceptional	$3,212Fees	0.187%Above	622
6	CORNERSTONE CAPITAL BANK, SSBBank	Strong	Acceptable	Exceptional	Exceptional	Exceptional	$3,975Fees	0.403%Above	1,016
7	Flagstar Bank, N.A.Bank	Strong	Sound	Exceptional	Strong	Strong	$3,711Fees	0.203%Above	282
8	JPMorgan Chase Bank, National AssociationBank	Strong	Sound	Strong	Sound	Exceptional	$1,620Fees	0.030%Below	1,657
9	Wells Fargo Bank, National AssociationBank	Strong	Sound	Strong	Sound	Exceptional	$1,397Fees	0.145%Below	1,126
10	HomeStreet BankBank	Strong	Sound	Strong	Sound	Exceptional	$3,019Fees	0.238%Above	568
11	Sunflower Bank, National AssociationBank	Strong	Acceptable	Exceptional	Strong	Exceptional	$4,653Fees	0.244%Above	507
12	Glacier BankBank	Strong	Sound	Strong	Strong	Strong	$4,275Fees	0.230%Above	360
13	Umpqua BankBank	Strong	Acceptable	Strong	Strong	Exceptional	$3,137Fees	0.219%Above	520
14	Washington Trust BankBank	Strong	Sound	Sound	Sound	Strong	$1,144Fees	0.180%Above	237
15	The Federal Savings BankBank	Strong	Acceptable	Exceptional	Sound	Strong	$4,181Fees	0.730%Above	176

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)

Pricing

Rate and fee competitiveness (25%)

Pull Through

Reliability in closing loans (25%)

Product

Specialization in the loan type (25%)

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.