Wafd Bank mortgage approval rate & lending review
Wafd Bank decided 3,367 mortgage applications and funded 2,360 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Wafd Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Wafd Bank at a glance
Approval is 7.6 points below the 79.0% 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 | 74% | 1,376 / 1,856 | 98% | $745K | 1,353 |
| Home improvement loans | 70% | 526 / 749 | 98% | $105K | 514 |
| Cash-out refinance | 67% | 223 / 333 | 99% | $255K | 220 |
| Refinance | 71% | 30 / 42 | 100% | $215K | 30 |
| Investment property purchase | 69% | 177 / 255 | 97% | $325K | 172 |
| Investment cash-out refinance | 59% | 26 / 44 | 96% | $315K | 25 |
| Investment home improvement | 47% | 31 / 66 | 94% | $205K | 29 |
Wafd Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Washington | 71% | $745K | 1,395 | 972 |
| Arizona | 67% | $315K | 608 | 397 |
| Oregon | 70% | $625K | 453 | 312 |
| Utah | 84% | $765K | 245 | 203 |
| Nevada | 75% | $505K | 203 | 150 |
| Idaho | 77% | $485K | 198 | 151 |
| New Mexico | 58% | $385K | 130 | 76 |
| California | 86% | $1.59M | 98 | 82 |
| Texas | 44% | $145K | 36 | 16 |
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 Wafd Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| King County, WA | Mortgage lenders | 80% | 288 | 228 |
| Snohomish County, WA | Mortgage lenders | 72% | 152 | 109 |
| King County, WA | Home improvement loans | 71% | 98 | 69 |
| Pima County, AZ | Mortgage lenders | 67% | 90 | 59 |
| Whatcom County, WA | Mortgage lenders | 70% | 83 | 57 |
| King County, WA | Cash-out refinance | 70% | 61 | 43 |
| Maricopa County, AZ | Home improvement loans | 68% | 65 | 42 |
| Skagit County, WA | Mortgage lenders | 85% | 46 | 39 |
| Snohomish County, WA | Home improvement loans | 64% | 64 | 39 |
| Clackamas County, OR | Mortgage lenders | 80% | 45 | 35 |
| Deschutes County, OR | Home improvement loans | 78% | 40 | 31 |
| Ada County, ID | Home improvement loans | 84% | 37 | 30 |
The county markets where Wafd Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Wafd Bank
What is Wafd Bank's mortgage approval rate?
Wafd Bank approved 71.5% of the 3,367 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 7.6 points below the 79.0% national rate for the same mix of loan types.
How often do borrowers take the loan Wafd Bank offers?
Borrowers accepted 98% of the loans Wafd 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 Wafd Bank make?
The typical home purchase mortgage loan Wafd Bank made was $745K; across all loan types its typical loan ran from $105K to $745K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Wafd Bank lend?
Wafd Bank decided applications in 10 of the states Fat Boy Data covers, most of them in Washington, Arizona and Oregon.
Can I apply to Wafd Bank directly?
Yes. Wafd Bank is a bank or credit union with 213 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Wafd 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 Wafd Bank treats applications, then get a rate quote from the lender.