Newrez in California vs the state
19.3%Denial rate+1.91 pts vs state
35.8%Decision denial rate+13.37 pts vs state
34.0%Origination rate-22.25 pts vs state
6.63%Median rate0.00 pts vs state
0.35Rate spread (pts)+0.07 pts vs state
$130kMedian applicant income
5,772Loans originated
3,286Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 6,958 | 1,702 | 21.3% | 6.75% | #23 |
| 2024 | 12,838 | 4,336 | 21.8% | 6.99% | #13 |
| 2025 | 17,000 | 5,772 | 19.3% | 6.63% | #9 |
What Newrez lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most Newrez applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Los Angeles County | 3,058 | 791 | 714 | 23.3% |
| Riverside County | 1,817 | 610 | 379 | 20.9% |
| San Diego County | 1,704 | 702 | 220 | 12.9% |
| San Bernardino County | 1,351 | 405 | 312 | 23.1% |
| Orange County | 988 | 307 | 207 | 21.0% |
| Sacramento County | 766 | 275 | 148 | 19.3% |
| Contra Costa County | 519 | 155 | 107 | 20.6% |
| Kern County | 514 | 166 | 103 | 20.0% |
| Ventura County | 483 | 182 | 81 | 16.8% |
| San Joaquin County | 423 | 120 | 92 | 21.7% |
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% |
| Loandepot.Com | D | 16,645 | 18.7% | 6.63% |
| Coastal Community Bank | C | 15,830 | 2.7% | 9.99% |
Frequently asked questions
California: 17,000 applications in 2025, of which 5,772 were originated and 3,286 denied.
19.3% of all applications, or 35.8% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans Newrez originated in California in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Newrez'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