Equity Wave Lending in California vs the state
16.6%Denial rate-0.80 pts vs state
19.4%Decision denial rate-2.97 pts vs state
64.7%Origination rate+8.45 pts vs state
11.99%Median rate+5.37 pts vs state
—Rate spread (pts)
$18kMedian applicant income
214Loans originated
55Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 513 | 263 | 21.3% | 12.50% | #223 |
| 2024 | 499 | 271 | 20.8% | 12.25% | #244 |
| 2025 | 331 | 214 | 16.6% | 11.99% | #305 |
What Equity Wave Lending lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most Equity Wave Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Los Angeles County | 113 | 75 | 17 | 15.0% |
| Orange County | 64 | 44 | 10 | 15.6% |
| San Diego County | 29 | 17 | 7 | 24.1% |
| Riverside County | 25 | 17 | 4 | 16.0% |
| San Bernardino County | 18 | 10 | 5 | 27.8% |
| Alameda County | 12 | 8 | 2 | 16.7% |
| Santa Clara County | 12 | 8 | 1 | 8.3% |
| Contra Costa County | 10 | 6 | 1 | 10.0% |
| Ventura County | 9 | 4 | 3 | 33.3% |
| Monterey County | 4 | 2 | 1 | 25.0% |
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: 331 applications in 2025, of which 214 were originated and 55 denied.
16.6% of all applications, or 19.4% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans Equity Wave Lending originated in California in 2025 was 11.99%, against a statewide median of 6.63%.
About this data. Figures are Equity Wave 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