Montecito Bank & Trust · California · 2025

Montecito Bank & Trust in California: approval rate, denial rate and rates (2025)

Montecito Bank & Trust took 140 mortgage applications in California in 2025, ranking #402 of 1,147 lenders active in the state. It originated 58.6% of them and denied 22.9% (26.7% of the applications it decided), against a statewide denial rate of 17.4%.

140Applicationsin CA
26.7%Decision denial ratestate 22.4%
Median ratestate 6.63%
$365,000Median loanstate $385,000
$61MVolume5 counties

Montecito Bank & Trust in California vs the state

22.9%Denial rate+5.44 pts vs state
26.7%Decision denial rate+4.27 pts vs state
58.6%Origination rate+2.37 pts vs state
Median rate
Rate spread (pts)
$144kMedian applicant income
82Loans originated
32Denied

Trend in California

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231368217.7%#383
20241557527.1%#376
20251408222.9%#402

What Montecito Bank & Trust lends in California

By loan purpose

Home purchase 95 68% · 20.0% denied
Refinance 26 19% · 19.2% denied
Cash-out refinance 10 7% · 60.0% denied
Home improvement 5 4% · 20.0% denied
Other / HELOC 4 3% · 25.0% denied

By loan type

Conventional 140 100% · 22.9% denied

Where in California

Counties with the most Montecito Bank & Trust applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Santa Barbara County 1066325 23.6%
Ventura County 22123 13.6%
Los Angeles County 1073 30.0%
Kern County 101 100.0%
San Luis Obispo County 100 0.0%

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: 140 applications in 2025, of which 82 were originated and 32 denied.

22.9% of all applications, or 26.7% 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 Montecito Bank & Trust'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