New Wave Lending Group in California vs the state
0.3%Denial rate-17.16 pts vs state
0.4%Decision denial rate-22.02 pts vs state
66.1%Origination rate+9.86 pts vs state
6.88%Median rate+0.25 pts vs state
0.60Rate spread (pts)+0.33 pts vs state
$218kMedian applicant income
2,573Loans originated
10Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,778 | 1,162 | 0.4% | 7.38% | #88 |
| 2024 | 3,091 | 2,089 | 0.3% | 7.13% | #60 |
| 2025 | 3,895 | 2,573 | 0.3% | 6.88% | #54 |
What New Wave Lending Group lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most New Wave Lending Group applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Los Angeles County | 1,416 | 973 | 3 | 0.2% |
| Orange County | 781 | 519 | 3 | 0.4% |
| San Bernardino County | 243 | 164 | 0 | 0.0% |
| Riverside County | 215 | 134 | 0 | 0.0% |
| Alameda County | 181 | 143 | 0 | 0.0% |
| San Diego County | 140 | 93 | 0 | 0.0% |
| Santa Clara County | 122 | 90 | 0 | 0.0% |
| Contra Costa County | 69 | 51 | 0 | 0.0% |
| Sacramento County | 62 | 45 | 0 | 0.0% |
| Kern County | 50 | 37 | 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: 3,895 applications in 2025, of which 2,573 were originated and 10 denied.
0.3% of all applications, or 0.4% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans New Wave Lending Group originated in California in 2025 was 6.88%, against a statewide median of 6.63%.
About this data. Figures are New Wave Lending Group'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