Best Mortgage Lenders in Washington
Data-backed picks using 2024 closed-loan pricing (30-year fixed, conventional, primary residence).
Data-driven picks for Washington buyers
Buying a home in Washington means navigating high prices and fast-moving competition—especially in and around tech hubs like Seattle. With stunning landscapes and strong job markets drawing buyers statewide, choosing the right lender is more important than ever.
To help buyers make smarter choices, we analyzed closed-loan data from hundreds of thousands of loans across 86 different lenders operating in Washington. Our sample included 30-year fixed, conventional primary home purchase loans. You can see the full TrueRate analysis. These aren’t teaser quotes or advertised rates—this data reflects the real rates and fees buyers locked in.
Each lender listed below consistently outperformed the state median on pricing, while also offering competitive products and solid borrower support. We also categorized lenders to help you find the right fit—whether you’re a first-time buyer, looking for a digital-first experience, or need something more specialized.
Tomo Mortgage
Why it stands out
Ok, we’re a little biased, but the numbers speak for themselves—low rates, no lender fees, better reviews. Tomo Mortgage was founded in 2025 by former Zillow execs who saw what was broken in the mortgage industry (think bait-and-switch, inflated rates, a black box of confusing fees) and set out to fix it. It was ranked Best Online Lender 2025 by Bankrate, earning strong customer reviews, and is backed by major financial services companies.
With historically some of the lowest rates of lenders who operate in Washington—you can see the full methodology in the TrueRate analysis—borrowers are likely to see meaningful cost savings.
Lower prices enable more transparency: you can get personalized rates online without applying or talking to sales. The rate tool includes a slider that shows how your monthly payment changes with and without points—clarity most lenders don’t offer until deep into the process.
Read full review: Tomo Mortgage
What borrowers say
“I almost went with a different lender at first but ended up going to tomo and I’m glad I did… 10/10”
“Loan advisory team was remarkably responsive… stayed engaged until the very end.”
“Because of Tomo’s low APRs… it gets a perfect 5 out of 5 stars for affordability.”
Sound Credit Union
Why it stands out
Headquartered in Tacoma since 1940, Sound Credit Union is deeply tied to the Puget Sound region, with branches from Tacoma to Lynnwood and loan officers who understand the local market. Expect fast pre-approvals (often in one business day), no application fees, and low closing costs. Sound offers fixed-rate, FHA, VA, and USDA mortgages plus perks like rate discounts for energy-efficient upgrades and special VA benefits with no PMI. Local decisioning + competitive pricing = a strong match for WA buyers.
Read full review: Sound Credit Union
What customers say
Reviews often cite knowledgeable LOs and responsive communication; negatives mention processing delays and uneven follow-up. Overall: competitive local products with occasional process hiccups.
iQ Credit Union
Why it stands out
Founded by local teachers in 1940 and headquartered in Vancouver, iQ has deep roots across SW Washington and the Portland metro. Its Community Partner Home Loan Program supports teachers, nurses, police, firefighters, EMTs, and other first responders with reduced or zero down options, flexible credit guidelines, and closing-cost assistance. Eligible borrowers may receive discounted rates or reduced lender fees, and may use gift funds toward purchase.
Read full review: iQ Credit Union
What customers say
Mixed sentiment: members like competitive rates and helpful in-branch service; recurring complaints include confusing loan info, unexpected fees, and dated systems.
Other Big Mortgage Lenders in Washington
Rocket Mortgage and Movement Mortgage originated billions in Washington loans last year; neither appears in our closed-loan dataset used for ranking. We reviewed HMDA volume for context. These aren’t directly comparable to our ranked lenders, but they’re useful reference points when shopping broadly.
Rocket Mortgage
Originated over $2.6B in Washington home loans in 2024 across 6,000+ loans (avg. ~$435k). Mix: ~42% purchase, ~58% refi—active on both sides of the market.
Movement Mortgage
Originated almost $2.3B statewide in 2024 across 4,000+ loans (avg. ~$534k). Mix: ~88% purchase, ~12% refi, with a nominal home-improvement share.
Quick Comparison Summary
| Lender | Pick | HQ | Interest Rates (historical) | Lender Fees | Notable Programs / Notes | Website | Full Review |
|---|---|---|---|---|---|---|---|
| Tomo Mortgage | Best for Low Rates & Experience | New York, NY | ~0.30% below median | $0 | Transparent online quotes; Bankrate “Best Online Lender 2025”; no refi currently | tomo.com | Read full review |
| Sound Credit Union | Best Washington Credit Union | Tacoma, WA | ~0.40% below median | ~$1,100 | Fast pre-approvals; local decisioning; energy-efficiency rate perk; strong VA options | soundcu.com | Read full review |
| iQ Credit Union | Best for Teachers, Nurses & First Responders | Vancouver, WA | ~0.23% below median | ~$899 | Community Partner Home Loan: reduced/zero down, flexible credit, assistance options | iqcu.com | Read full review |