Bay in California vs the state
14.6%Denial rate-2.83 pts vs state
19.0%Decision denial rate-3.42 pts vs state
62.1%Origination rate+5.87 pts vs state
7.50%Median rate+0.88 pts vs state
0.72Rate spread (pts)+0.45 pts vs state
$134kMedian applicant income
553Loans originated
130Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 736 | 453 | 20.2% | 7.63% | #166 |
| 2024 | 784 | 495 | 17.1% | 7.88% | #187 |
| 2025 | 891 | 553 | 14.6% | 7.50% | #188 |
What Bay lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most Bay applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Santa Cruz County | 601 | 391 | 78 | 13.0% |
| Monterey County | 194 | 107 | 37 | 19.1% |
| San Benito County | 20 | 10 | 3 | 15.0% |
| Merced County | 12 | 7 | 1 | 8.3% |
| Santa Clara County | 10 | 5 | 2 | 20.0% |
| Sacramento County | 6 | 4 | 2 | 33.3% |
| Fresno County | 6 | 2 | 1 | 16.7% |
| Sonoma County | 5 | 3 | 1 | 20.0% |
| San Joaquin County | 4 | 4 | 0 | 0.0% |
| Placer County | 3 | 2 | 1 | 33.3% |
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: 891 applications in 2025, of which 553 were originated and 130 denied.
14.6% of all applications, or 19.0% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans Bay originated in California in 2025 was 7.50%, against a statewide median of 6.63%.
About this data. Figures are Bay'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