Lower in California vs the state
14.7%Denial rate-2.74 pts vs state
27.7%Decision denial rate+5.28 pts vs state
36.6%Origination rate-19.63 pts vs state
6.75%Median rate+0.13 pts vs state
0.41Rate spread (pts)+0.13 pts vs state
$150kMedian applicant income
264Loans originated
106Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 238 | 90 | 18.1% | 6.99% | #321 |
| 2024 | 616 | 224 | 15.3% | 6.63% | #220 |
| 2025 | 722 | 264 | 14.7% | 6.75% | #203 |
What Lower lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most Lower applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Los Angeles County | 113 | 41 | 16 | 14.2% |
| Riverside County | 99 | 44 | 11 | 11.1% |
| San Diego County | 86 | 40 | 7 | 8.1% |
| San Bernardino County | 61 | 21 | 6 | 9.8% |
| Sacramento County | 44 | 19 | 11 | 25.0% |
| Kern County | 35 | 10 | 9 | 25.7% |
| Orange County | 32 | 12 | 2 | 6.3% |
| San Joaquin County | 23 | 8 | 2 | 8.7% |
| Placer County | 20 | 5 | 3 | 15.0% |
| Alameda County | 20 | 3 | 4 | 20.0% |
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: 722 applications in 2025, of which 264 were originated and 106 denied.
14.7% of all applications, or 27.7% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans Lower originated in California in 2025 was 6.75%, against a statewide median of 6.63%.
About this data. Figures are Lower'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