Merchants Mortgage & Trust Corporation in California vs the state
2.6%Denial rate-14.84 pts vs state
2.9%Decision denial rate-19.49 pts vs state
86.0%Origination rate+29.78 pts vs state
9.75%Median rate+3.13 pts vs state
—Rate spread (pts)
—Median applicant income
834Loans originated
25Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 423 | 376 | 0.2% | 10.00% | #244 |
| 2024 | 629 | 562 | 0.0% | 10.00% | #215 |
| 2025 | 970 | 834 | 2.6% | 9.75% | #176 |
What Merchants Mortgage & Trust Corporation lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most Merchants Mortgage & Trust Corporation applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Los Angeles County | 356 | 304 | 7 | 2.0% |
| Sacramento County | 99 | 87 | 2 | 2.0% |
| San Bernardino County | 98 | 87 | 3 | 3.1% |
| Orange County | 89 | 80 | 1 | 1.1% |
| Riverside County | 65 | 55 | 0 | 0.0% |
| Kern County | 53 | 45 | 0 | 0.0% |
| San Diego County | 38 | 33 | 2 | 5.3% |
| Alameda County | 23 | 21 | 1 | 4.3% |
| Solano County | 16 | 16 | 0 | 0.0% |
| San Joaquin County | 15 | 13 | 1 | 6.7% |
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: 970 applications in 2025, of which 834 were originated and 25 denied.
2.6% of all applications, or 2.9% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans Merchants Mortgage & Trust Corporation originated in California in 2025 was 9.75%, against a statewide median of 6.63%.
About this data. Figures are Merchants Mortgage & Trust Corporation'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