First Colony Mortgage · California · 2025

First Colony Mortgage in California: approval rate, denial rate and rates (2025)

First Colony Mortgage took 1,286 mortgage applications in California in 2025, ranking #144 of 1,147 lenders active in the state. It originated 60.0% of them and denied 5.0% (6.3% of the applications it decided), against a statewide denial rate of 17.4%.

1.3kApplicationsin CA
6.3%Decision denial ratestate 22.4%
6.49%Median ratestate 6.63%
$555,000Median loanstate $385,000
$445MVolume46 counties

First Colony Mortgage in California vs the state

5.0%Denial rate-12.44 pts vs state
6.3%Decision denial rate-16.11 pts vs state
60.0%Origination rate+3.83 pts vs state
6.49%Median rate-0.13 pts vs state
0.05Rate spread (pts)-0.22 pts vs state
$170kMedian applicant income
772Loans originated
64Denied

Trend in California

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023950.0%6.75%#742
20249216276.0%6.50%#165
20251,2867725.0%6.49%#144

What First Colony Mortgage lends in California

By loan purpose

Home purchase 886 69% · 4.5% denied
Refinance 231 18% · 4.3% denied
Cash-out refinance 169 13% · 8.3% denied

By loan type

Conventional 993 77% · 5.1% denied
FHA 193 15% · 4.2% denied
VA 94 7% · 4.3% denied
USDA / RHS 6 0% · 16.7% denied

Why it denied California applicants

Collateral 30 47%
Debt-to-income ratio 18 28%
Other 10 16%
Unverifiable information 3 5%
Credit history 3 5%

Where in California

Counties with the most First Colony Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Los Angeles County 32919018 5.5%
San Diego County 1668513 7.8%
Riverside County 96597 7.3%
San Bernardino County 87493 3.4%
Orange County 81436 7.4%
Ventura County 63431 1.6%
Kern County 53311 1.9%
Sacramento County 44251 2.3%
Santa Barbara County 40313 7.5%
Placer County 37234 10.8%

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: 1,286 applications in 2025, of which 772 were originated and 64 denied.

5.0% of all applications, or 6.3% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.

The median rate on loans First Colony Mortgage originated in California in 2025 was 6.49%, against a statewide median of 6.63%.

About this data. Figures are First Colony 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