BMO Bank in California vs the state
35.1%Denial rate+17.63 pts vs state
45.7%Decision denial rate+23.25 pts vs state
40.4%Origination rate-15.81 pts vs state
7.63%Median rate+1.01 pts vs state
0.61Rate spread (pts)+0.34 pts vs state
$199kMedian applicant income
3,818Loans originated
3,313Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 9,104 | 4,465 | 32.1% | 6.88% | #15 |
| 2024 | 11,204 | 4,641 | 31.6% | 6.75% | #17 |
| 2025 | 9,453 | 3,818 | 35.1% | 7.63% | #24 |
What BMO Bank lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most BMO Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Los Angeles County | 2,207 | 839 | 826 | 37.4% |
| Santa Clara County | 1,082 | 503 | 289 | 26.7% |
| Alameda County | 870 | 334 | 273 | 31.4% |
| Orange County | 754 | 293 | 282 | 37.4% |
| Contra Costa County | 598 | 271 | 193 | 32.3% |
| San Joaquin County | 403 | 160 | 150 | 37.2% |
| San Mateo County | 360 | 176 | 86 | 23.9% |
| Stanislaus County | 313 | 121 | 132 | 42.2% |
| San Diego County | 294 | 116 | 102 | 34.7% |
| Sacramento County | 265 | 102 | 93 | 35.1% |
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: 9,453 applications in 2025, of which 3,818 were originated and 3,313 denied.
35.1% of all applications, or 45.7% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans BMO Bank originated in California in 2025 was 7.63%, against a statewide median of 6.63%.
About this data. Figures are BMO Bank'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