Foundation Mortgage in California vs the state
20.7%Denial rate+3.30 pts vs state
21.8%Decision denial rate-0.56 pts vs state
36.3%Origination rate-19.89 pts vs state
7.50%Median rate+0.88 pts vs state
1.30Rate spread (pts)+1.02 pts vs state
$403kMedian applicant income
191Loans originated
109Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 265 | 142 | 2.6% | 8.44% | #305 |
| 2024 | 645 | 329 | 13.8% | 7.88% | #212 |
| 2025 | 526 | 191 | 20.7% | 7.50% | #256 |
What Foundation Mortgage lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most Foundation Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Los Angeles County | 201 | 76 | 46 | 22.9% |
| San Diego County | 53 | 24 | 9 | 17.0% |
| Orange County | 52 | 24 | 6 | 11.5% |
| Riverside County | 44 | 12 | 10 | 22.7% |
| San Bernardino County | 36 | 8 | 10 | 27.8% |
| Ventura County | 32 | 7 | 10 | 31.3% |
| Sacramento County | 18 | 8 | 3 | 16.7% |
| Santa Clara County | 15 | 5 | 2 | 13.3% |
| Kern County | 9 | 5 | 1 | 11.1% |
| Alameda County | 7 | 3 | 2 | 28.6% |
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: 526 applications in 2025, of which 191 were originated and 109 denied.
20.7% of all applications, or 21.8% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans Foundation Mortgage originated in California in 2025 was 7.50%, against a statewide median of 6.63%.
About this data. Figures are Foundation 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