Bank of America in California vs the state
30.8%Denial rate+13.38 pts vs state
40.7%Decision denial rate+18.26 pts vs state
44.2%Origination rate-12.01 pts vs state
5.99%Median rate-0.63 pts vs state
0.55Rate spread (pts)+0.27 pts vs state
$163kMedian applicant income
17,758Loans originated
12,378Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 43,912 | 17,594 | 46.3% | 6.74% | #2 |
| 2024 | 39,285 | 16,248 | 34.0% | 6.99% | #3 |
| 2025 | 40,190 | 17,758 | 30.8% | 5.99% | #3 |
What Bank of America lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most Bank of America applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Los Angeles County | 8,999 | 3,603 | 3,024 | 33.6% |
| Orange County | 4,064 | 1,917 | 1,059 | 26.1% |
| Santa Clara County | 3,718 | 2,383 | 633 | 17.0% |
| San Diego County | 2,801 | 1,246 | 831 | 29.7% |
| Alameda County | 2,457 | 1,345 | 548 | 22.3% |
| Riverside County | 2,362 | 723 | 1,025 | 43.4% |
| Contra Costa County | 1,929 | 951 | 502 | 26.0% |
| San Bernardino County | 1,905 | 667 | 769 | 40.4% |
| Sacramento County | 1,363 | 478 | 547 | 40.1% |
| San Mateo County | 1,347 | 806 | 268 | 19.9% |
Other large lenders in California
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 79,261 | 12.6% | 6.49% |
| Rocket Mortgage | C | 58,925 | 17.6% | 6.75% |
| U.S. Bank | D | 32,493 | 31.6% | 6.50% |
| JPMorgan Chase Bank | B | 22,048 | 9.7% | 6.13% |
| Spring Eq | D | 21,601 | 50.8% | 8.88% |
| Schoolsfirst | A | 19,086 | 10.0% | 6.25% |
| Pennymac Loan Services | C | 18,754 | 13.5% | 6.50% |
| Newrez | D | 17,000 | 19.3% | 6.63% |
| Loandepot.Com | D | 16,645 | 18.7% | 6.63% |
| Coastal Community Bank | C | 15,830 | 2.7% | 9.99% |
Frequently asked questions
California: 40,190 applications in 2025, of which 17,758 were originated and 12,378 denied.
30.8% of all applications, or 40.7% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans Bank of America originated in California in 2025 was 5.99%, against a statewide median of 6.63%.
About this data. Figures are Bank of America's own HMDA filing for properties located in California, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology