Cake Mortgage in California vs the state
3.9%Denial rate-13.53 pts vs state
5.4%Decision denial rate-17.01 pts vs state
67.9%Origination rate+11.68 pts vs state
7.63%Median rate+1.00 pts vs state
1.22Rate spread (pts)+0.95 pts vs state
$356kMedian applicant income
2,354Loans originated
135Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 36 | 16 | 22.2% | 7.50% | #585 |
| 2024 | 882 | 464 | 3.7% | 7.88% | #172 |
| 2025 | 3,468 | 2,354 | 3.9% | 7.63% | #57 |
What Cake Mortgage lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most Cake Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Los Angeles County | 2,420 | 1,706 | 76 | 3.1% |
| Orange County | 152 | 101 | 5 | 3.3% |
| Riverside County | 150 | 85 | 9 | 6.0% |
| San Diego County | 148 | 81 | 12 | 8.1% |
| San Bernardino County | 114 | 73 | 5 | 4.4% |
| Ventura County | 105 | 76 | 3 | 2.9% |
| Kern County | 57 | 38 | 4 | 7.0% |
| Sacramento County | 38 | 27 | 2 | 5.3% |
| Contra Costa County | 33 | 21 | 1 | 3.0% |
| Alameda County | 32 | 16 | 1 | 3.1% |
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: 3,468 applications in 2025, of which 2,354 were originated and 135 denied.
3.9% of all applications, or 5.4% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans Cake Mortgage originated in California in 2025 was 7.63%, against a statewide median of 6.63%.
About this data. Figures are Cake Mortgage'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