Figure Lending in California vs the state
25.8%Denial rate+8.40 pts vs state
27.5%Decision denial rate+5.13 pts vs state
45.9%Origination rate-10.30 pts vs state
8.80%Median rate+2.18 pts vs state
2.35Rate spread (pts)+2.08 pts vs state
$144kMedian applicant income
5,234Loans originated
2,945Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 9,289 | 3,921 | 32.0% | 10.60% | #14 |
| 2024 | 13,317 | 5,954 | 27.8% | 10.25% | #12 |
| 2025 | 11,404 | 5,234 | 25.8% | 8.80% | #21 |
What Figure Lending lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most Figure Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Los Angeles County | 2,198 | 903 | 674 | 30.7% |
| San Diego County | 1,304 | 618 | 312 | 23.9% |
| Riverside County | 1,010 | 480 | 253 | 25.0% |
| Orange County | 929 | 416 | 252 | 27.1% |
| San Bernardino County | 711 | 322 | 187 | 26.3% |
| Sacramento County | 454 | 245 | 96 | 21.1% |
| Contra Costa County | 393 | 188 | 97 | 24.7% |
| Fresno County | 338 | 174 | 74 | 21.9% |
| Santa Clara County | 330 | 134 | 102 | 30.9% |
| Alameda County | 315 | 138 | 75 | 23.8% |
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: 11,404 applications in 2025, of which 5,234 were originated and 2,945 denied.
25.8% of all applications, or 27.5% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans Figure Lending originated in California in 2025 was 8.80%, against a statewide median of 6.63%.
About this data. Figures are Figure 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