NFM in California vs the state
1.0%Denial rate-16.47 pts vs state
1.2%Decision denial rate-21.22 pts vs state
78.6%Origination rate+22.44 pts vs state
6.00%Median rate-0.63 pts vs state
-0.07Rate spread (pts)-0.34 pts vs state
$160kMedian applicant income
416Loans originated
5Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 654 | 450 | 0.8% | 6.63% | #186 |
| 2024 | 598 | 433 | 1.5% | 6.50% | #224 |
| 2025 | 529 | 416 | 1.0% | 6.00% | #254 |
What NFM lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most NFM applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| San Bernardino County | 163 | 145 | 1 | 0.6% |
| Shasta County | 94 | 74 | 1 | 1.1% |
| Orange County | 68 | 53 | 1 | 1.5% |
| Los Angeles County | 59 | 38 | 1 | 1.7% |
| Alameda County | 28 | 23 | 0 | 0.0% |
| Riverside County | 19 | 14 | 0 | 0.0% |
| San Diego County | 13 | 7 | 0 | 0.0% |
| Stanislaus County | 12 | 11 | 0 | 0.0% |
| Siskiyou County | 9 | 7 | 0 | 0.0% |
| Sacramento County | 8 | 6 | 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: 529 applications in 2025, of which 416 were originated and 5 denied.
1.0% of all applications, or 1.2% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans NFM originated in California in 2025 was 6.00%, against a statewide median of 6.63%.
About this data. Figures are NFM'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