Mechanics Bank in California vs the state
16.2%Denial rate-1.23 pts vs state
20.8%Decision denial rate-1.56 pts vs state
60.4%Origination rate+4.23 pts vs state
6.38%Median rate-0.25 pts vs state
-0.19Rate spread (pts)-0.46 pts vs state
$240kMedian applicant income
724Loans originated
194Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 520 | 313 | 21.4% | 6.63% | #219 |
| 2024 | 702 | 406 | 20.1% | 6.88% | #201 |
| 2025 | 1,198 | 724 | 16.2% | 6.38% | #153 |
What Mechanics Bank lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most Mechanics Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Contra Costa County | 155 | 103 | 27 | 17.4% |
| Los Angeles County | 139 | 90 | 12 | 8.6% |
| Alameda County | 107 | 66 | 12 | 11.2% |
| Santa Clara County | 79 | 56 | 8 | 10.1% |
| San Diego County | 77 | 44 | 8 | 10.4% |
| San Luis Obispo County | 63 | 34 | 12 | 19.0% |
| San Francisco County | 60 | 52 | 4 | 6.7% |
| Santa Barbara County | 56 | 26 | 17 | 30.4% |
| Monterey County | 55 | 27 | 18 | 32.7% |
| Ventura County | 39 | 22 | 5 | 12.8% |
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: 1,198 applications in 2025, of which 724 were originated and 194 denied.
16.2% of all applications, or 20.8% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans Mechanics Bank originated in California in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are Mechanics Bank'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