Bay Equity in California vs the state
2.7%Denial rate-14.73 pts vs state
4.0%Decision denial rate-18.37 pts vs state
63.7%Origination rate+7.48 pts vs state
6.75%Median rate+0.13 pts vs state
0.18Rate spread (pts)-0.10 pts vs state
$196kMedian applicant income
426Loans originated
18Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,144 | 725 | 4.2% | 6.63% | #123 |
| 2024 | 1,280 | 841 | 3.1% | 6.63% | #132 |
| 2025 | 669 | 426 | 2.7% | 6.75% | #214 |
What Bay Equity lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most Bay Equity applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| San Diego County | 162 | 106 | 1 | 0.6% |
| Los Angeles County | 74 | 41 | 5 | 6.8% |
| Riverside County | 68 | 48 | 2 | 2.9% |
| Orange County | 56 | 37 | 0 | 0.0% |
| Alameda County | 46 | 32 | 3 | 6.5% |
| Sacramento County | 40 | 21 | 1 | 2.5% |
| Contra Costa County | 40 | 27 | 2 | 5.0% |
| San Bernardino County | 31 | 23 | 0 | 0.0% |
| Placer County | 22 | 15 | 0 | 0.0% |
| Santa Clara County | 19 | 8 | 1 | 5.3% |
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% |
| Bank of America | F | 40,190 | 30.8% | 5.99% |
| 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% |
Frequently asked questions
California: 669 applications in 2025, of which 426 were originated and 18 denied.
2.7% of all applications, or 4.0% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans Bay Equity originated in California in 2025 was 6.75%, against a statewide median of 6.63%.
About this data. Figures are Bay Equity'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