Merchants Capital in California vs the state
16.7%Denial rate-0.75 pts vs state
16.7%Decision denial rate-5.73 pts vs state
83.3%Origination rate+27.13 pts vs state
—Median rate
—Rate spread (pts)
—Median applicant income
5Loans originated
1Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 7 | 7 | 0.0% | — | #782 |
| 2025 | 6 | 5 | 16.7% | — | #784 |
What Merchants Capital lends in California
By loan purpose
By loan type
Where in California
Counties with the most Merchants Capital applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Butte County | 1 | 1 | 0 | 0.0% |
| Sacramento County | 1 | 1 | 0 | 0.0% |
| Orange County | 1 | 1 | 0 | 0.0% |
| Los Angeles County | 1 | 1 | 0 | 0.0% |
| Alameda County | 1 | 0 | 1 | 100.0% |
| Contra Costa County | 1 | 1 | 0 | 0.0% |
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: 6 applications in 2025, of which 5 were originated and 1 denied.
16.7% of all applications, or 16.7% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).
About this data. Figures are Merchants Capital'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