HomeStreet Bank mortgage approval rate & lending review
HomeStreet Bank decided 3,739 mortgage applications and funded 3,050 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions HomeStreet Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates. For current rates and applications go to mechanicsbank.com.
HomeStreet Bank at a glance
Approval is 6.7 points above the 76.1% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 92% | 1,572 / 1,713 | 99% | $565K | 1,558 |
| Home improvement loans | 73% | 791 / 1,087 | 98% | $185K | 772 |
| Cash-out refinance | 78% | 484 / 619 | 98% | $265K | 475 |
| Refinance | 78% | 110 / 141 | 99% | $595K | 109 |
| Investment property purchase | 95% | 91 / 96 | 97% | $435K | 88 |
| Investment cash-out refinance | 52% | 13 / 25 | 100% | $255K | 13 |
| Investment home improvement | 63% | 32 / 51 | 94% | $145K | 30 |
HomeStreet Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Washington | 87% | $605K | 2,660 | 2,283 |
| California | 66% | $205K | 520 | 337 |
| Oregon | 85% | $365K | 346 | 293 |
| Hawaii | 56% | $255K | 136 | 73 |
| Arizona | 84% | $445K | 31 | 25 |
| Idaho | 88% | $435K | 26 | 21 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where HomeStreet Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| King County, WA | Mortgage lenders | 93% | 485 | 443 |
| Pierce County, WA | Mortgage lenders | 96% | 342 | 328 |
| Clark County, WA | Mortgage lenders | 90% | 274 | 247 |
| King County, WA | Home improvement loans | 80% | 279 | 216 |
| King County, WA | Cash-out refinance | 79% | 178 | 139 |
| Snohomish County, WA | Mortgage lenders | 90% | 101 | 91 |
| Pierce County, WA | Home improvement loans | 82% | 112 | 90 |
| Los Angeles County, CA | Home improvement loans | 63% | 127 | 76 |
| Multnomah County, OR | Mortgage lenders | 91% | 79 | 72 |
| Pierce County, WA | Cash-out refinance | 76% | 79 | 58 |
| Snohomish County, WA | Home improvement loans | 67% | 85 | 57 |
| Kitsap County, WA | Mortgage lenders | 93% | 58 | 54 |
The county markets where HomeStreet Bank made the most loans. Each link opens that market with every lender ranked.
Questions about HomeStreet Bank
What is HomeStreet Bank's mortgage approval rate?
HomeStreet Bank approved 82.9% of the 3,739 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 6.7 points above the 76.1% national rate for the same mix of loan types.
How often do borrowers take the loan HomeStreet Bank offers?
Borrowers accepted 98% of the loans HomeStreet Bank approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does HomeStreet Bank make?
The typical home purchase mortgage loan HomeStreet Bank made was $565K; across all loan types its typical loan ran from $145K to $595K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does HomeStreet Bank lend?
HomeStreet Bank decided applications in 10 of the states Fat Boy Data covers, most of them in Washington, California and Oregon.
Can I apply to HomeStreet Bank directly?
Yes. HomeStreet Bank reports as a direct lender that takes applications from borrowers. Its website is mechanicsbank.com.
Does this page show HomeStreet Bank's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how HomeStreet Bank treats applications, then get a rate quote from the lender.