Lennar Mortgage · California · 2025

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

Lennar Mortgage took 9,083 mortgage applications in California in 2025, ranking #25 of 1,147 lenders active in the state. It originated 72.7% of them and denied 7.3% (9.0% of the applications it decided), against a statewide denial rate of 17.4%.

9.1kApplicationsin CA
9.0%Decision denial ratestate 22.4%
4.99%Median ratestate 6.63%
$515,000Median loanstate $385,000
$3.5BVolume26 counties

Lennar Mortgage in California vs the state

7.3%Denial rate-10.15 pts vs state
9.0%Decision denial rate-13.36 pts vs state
72.7%Origination rate+16.54 pts vs state
4.99%Median rate-1.63 pts vs state
-0.88Rate spread (pts)-1.15 pts vs state
$159kMedian applicant income
6,607Loans originated
660Denied

Trend in California

YearApplicationsOriginatedDenial rateMedian rateRank in state
20238,4365,7327.3%5.75%#19
20249,6646,8396.3%5.63%#21
20259,0836,6077.3%4.99%#25

What Lennar Mortgage lends in California

By loan purpose

Home purchase 9,074 100% · 7.3% denied
Refinance 4 0% · 0.0% denied
Cash-out refinance 5 0% · 0.0% denied

By loan type

Conventional 6,475 71% · 6.0% denied
FHA 1,919 21% · 10.6% denied
VA 688 8% · 9.9% denied
USDA / RHS 1 0% · 0.0% denied

Why it denied California applicants

Debt-to-income ratio 440 67%
Unverifiable information 86 13%
Credit history 66 10%
Employment history 28 4%
Other 17 3%
Insufficient cash 15 2%
Incomplete application 6 1%
Collateral 2 0%

Where in California

Counties with the most Lennar Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Riverside County 1,13683069 6.1%
Sacramento County 1,11483879 7.1%
San Joaquin County 99672777 7.7%
San Bernardino County 99676350 5.0%
San Diego County 91558960 6.6%
Fresno County 64149059 9.2%
Kern County 57241663 11.0%
Los Angeles County 45931733 7.2%
Madera County 45234052 11.5%
Orange County 41424027 6.5%

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: 9,083 applications in 2025, of which 6,607 were originated and 660 denied.

7.3% of all applications, or 9.0% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.

The median rate on loans Lennar Mortgage originated in California in 2025 was 4.99%, against a statewide median of 6.63%.

About this data. Figures are Lennar 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