KeyBank · California · 2025

KeyBank in California: approval rate, denial rate and rates (2025)

KeyBank took 59 mortgage applications in California in 2025, ranking #506 of 1,147 lenders active in the state. It originated 57.6% of them and denied 27.1% (32.0% of the applications it decided), against a statewide denial rate of 17.4%.

59Applicationsin CA
32.0%Decision denial ratestate 22.4%
6.31%Median ratestate 6.63%
$595,000Median loanstate $385,000
$25MVolume19 counties

KeyBank in California vs the state

27.1%Denial rate+9.70 pts vs state
32.0%Decision denial rate+9.60 pts vs state
57.6%Origination rate+1.43 pts vs state
6.31%Median rate-0.31 pts vs state
0.03Rate spread (pts)-0.25 pts vs state
$284kMedian applicant income
34Loans originated
16Denied

Trend in California

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231257113.6%6.38%#400
2024623229.0%6.63%#500
2025593427.1%6.31%#506

What KeyBank lends in California

By loan purpose

Home purchase 34 58% · 17.7% denied
Refinance 7 12% · 42.9% denied
Cash-out refinance 3 5% · 33.3% denied
Home improvement 8 14% · 37.5% denied
Other / HELOC 7 12% · 42.9% denied

By loan type

Conventional 58 98% · 25.9% denied
FHA 1 2% · 100.0% denied

Why it denied California applicants

Incomplete application 9 56%
Debt-to-income ratio 7 44%

Where in California

Counties with the most KeyBank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Riverside County 1353 23.1%
Los Angeles County 1055 50.0%
San Diego County 843 37.5%
Napa County 330 0.0%
Ventura County 320 0.0%
Fresno County 211 50.0%
Santa Barbara County 200 0.0%
Santa Clara County 211 50.0%
Contra Costa County 220 0.0%
Sacramento County 211 50.0%

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: 59 applications in 2025, of which 34 were originated and 16 denied.

27.1% of all applications, or 32.0% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.

The median rate on loans KeyBank originated in California in 2025 was 6.31%, against a statewide median of 6.63%.

About this data. Figures are KeyBank'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