Hometown Equity Mortgage · California · 2025

Hometown Equity Mortgage in California: approval rate, denial rate and rates (2025)

Hometown Equity Mortgage took 3,003 mortgage applications in California in 2025, ranking #68 of 1,147 lenders active in the state. It originated 47.4% of them and denied 47.9% (50.0% of the applications it decided), against a statewide denial rate of 17.4%.

3.0kApplicationsin CA
50.0%Decision denial ratestate 22.4%
7.25%Median ratestate 6.63%
$525,000Median loanstate $385,000
$895MVolume48 counties

Hometown Equity Mortgage in California vs the state

47.9%Denial rate+30.47 pts vs state
50.0%Decision denial rate+27.55 pts vs state
47.4%Origination rate-8.78 pts vs state
7.25%Median rate+0.63 pts vs state
0.98Rate spread (pts)+0.71 pts vs state
$212kMedian applicant income
1,424Loans originated
1,438Denied

Trend in California

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,06078436.3%8.00%#78
20242,2621,10146.6%7.50%#75
20253,0031,42447.9%7.25%#68

What Hometown Equity Mortgage lends in California

By loan purpose

Home purchase 1,250 42% · 41.5% denied
Refinance 379 13% · 62.5% denied
Cash-out refinance 1,373 46% · 49.7% denied
Other / HELOC 1 0% · 0.0% denied

By loan type

Conventional 2,619 87% · 48.5% denied
FHA 364 12% · 43.7% denied
VA 16 1% · 37.5% denied
USDA / RHS 4 0% · 100.0% denied

Why it denied California applicants

Incomplete application 963 67%
Collateral 199 14%
Credit history 125 9%
Debt-to-income ratio 87 6%
Unverifiable information 27 2%
Insufficient cash 20 1%
Employment history 8 1%
Other 7 0%
Mortgage insurance denied 2 0%

Where in California

Counties with the most Hometown Equity Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Los Angeles County 1,024500482 47.1%
Riverside County 341164149 43.7%
San Diego County 279125136 48.7%
San Bernardino County 278144120 43.2%
Orange County 278127140 50.4%
Kern County 895138 42.7%
Sacramento County 874832 36.8%
Ventura County 703930 42.9%
Alameda County 562530 53.6%
Contra Costa County 552231 56.4%

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: 3,003 applications in 2025, of which 1,424 were originated and 1,438 denied.

47.9% of all applications, or 50.0% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.

The median rate on loans Hometown Equity Mortgage originated in California in 2025 was 7.25%, against a statewide median of 6.63%.

About this data. Figures are Hometown Equity 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