City Lending · California · 2025

City Lending in California: approval rate, denial rate and rates (2025)

City Lending took 43 mortgage applications in California in 2025, ranking #541 of 1,147 lenders active in the state. It originated 69.8% of them and denied 25.6% (26.8% of the applications it decided), against a statewide denial rate of 17.4%.

43Applicationsin CA
26.8%Decision denial ratestate 22.4%
7.75%Median ratestate 6.63%
$365,000Median loanstate $385,000
$9.0MVolume12 counties

City Lending in California vs the state

25.6%Denial rate+8.16 pts vs state
26.8%Decision denial rate+4.43 pts vs state
69.8%Origination rate+13.57 pts vs state
7.75%Median rate+1.13 pts vs state
1.02Rate spread (pts)+0.75 pts vs state
$160kMedian applicant income
30Loans originated
11Denied

Trend in California

YearApplicationsOriginatedDenial rateMedian rateRank in state
2024572822.8%7.75%#510
2025433025.6%7.75%#541

What City Lending lends in California

By loan purpose

Home purchase 37 86% · 21.6% denied
Refinance 1 2% · 100.0% denied
Cash-out refinance 5 12% · 40.0% denied

By loan type

Conventional 25 58% · 28.0% denied
FHA 18 42% · 22.2% denied

Why it denied California applicants

Other 6 55%
Collateral 3 27%
Incomplete application 1 9%
Credit history 1 9%

Where in California

Counties with the most City Lending applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Riverside County 1182 18.2%
Los Angeles County 761 14.3%
Alameda County 404 100.0%
Solano County 422 50.0%
San Bernardino County 440 0.0%
San Diego County 302 66.7%
Yuba County 220 0.0%
Merced County 220 0.0%
Kern County 220 0.0%
Contra Costa County 220 0.0%

Other large lenders in California

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 79,26112.6%6.49%
Rocket MortgageC 58,92517.6%6.75%
Bank of AmericaF 40,19030.8%5.99%
U.S. BankD 32,49331.6%6.50%
JPMorgan Chase BankB 22,0489.7%6.13%
Spring EqD 21,60150.8%8.88%
SchoolsfirstA 19,08610.0%6.25%
Pennymac Loan ServicesC 18,75413.5%6.50%
NewrezD 17,00019.3%6.63%
Loandepot.ComD 16,64518.7%6.63%

Frequently asked questions

California: 43 applications in 2025, of which 30 were originated and 11 denied.

25.6% of all applications, or 26.8% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.

The median rate on loans City Lending originated in California in 2025 was 7.75%, against a statewide median of 6.63%.

About this data. Figures are City Lending'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