Commerce Home Mortgage in California vs the state
7.4%Denial rate-10.01 pts vs state
10.7%Decision denial rate-11.68 pts vs state
61.3%Origination rate+5.08 pts vs state
7.13%Median rate+0.50 pts vs state
0.75Rate spread (pts)+0.48 pts vs state
$238kMedian applicant income
2,752Loans originated
333Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 5,232 | 2,982 | 8.7% | 7.38% | #31 |
| 2024 | 3,889 | 2,285 | 7.5% | 7.13% | #46 |
| 2025 | 4,491 | 2,752 | 7.4% | 7.13% | #45 |
What Commerce Home Mortgage lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most Commerce Home Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Los Angeles County | 1,009 | 600 | 104 | 10.3% |
| Tulare County | 404 | 294 | 11 | 2.7% |
| San Diego County | 337 | 200 | 23 | 6.8% |
| Orange County | 310 | 190 | 28 | 9.0% |
| Riverside County | 301 | 169 | 35 | 11.6% |
| Contra Costa County | 273 | 170 | 9 | 3.3% |
| San Bernardino County | 186 | 105 | 20 | 10.8% |
| Santa Clara County | 178 | 104 | 14 | 7.9% |
| Alameda County | 148 | 83 | 9 | 6.1% |
| Butte County | 117 | 79 | 3 | 2.6% |
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: 4,491 applications in 2025, of which 2,752 were originated and 333 denied.
7.4% of all applications, or 10.7% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans Commerce Home Mortgage originated in California in 2025 was 7.13%, against a statewide median of 6.63%.
About this data. Figures are Commerce Home 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