Nova Financial & Investment in California vs the state
21.3%Denial rate+3.91 pts vs state
25.8%Decision denial rate+3.41 pts vs state
58.7%Origination rate+2.47 pts vs state
6.50%Median rate-0.13 pts vs state
0.09Rate spread (pts)-0.18 pts vs state
$12kMedian applicant income
132Loans originated
48Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 110 | 68 | 5.5% | 6.88% | #419 |
| 2024 | 113 | 81 | 6.2% | 6.75% | #421 |
| 2025 | 225 | 132 | 21.3% | 6.50% | #351 |
What Nova Financial & Investment lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most Nova Financial & Investment applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Sacramento County | 43 | 26 | 6 | 14.0% |
| San Diego County | 41 | 34 | 4 | 9.8% |
| Placer County | 40 | 18 | 9 | 22.5% |
| San Joaquin County | 12 | 6 | 2 | 16.7% |
| Solano County | 9 | 6 | 3 | 33.3% |
| Imperial County | 9 | 5 | 4 | 44.4% |
| Los Angeles County | 7 | 4 | 2 | 28.6% |
| Riverside County | 7 | 4 | 1 | 14.3% |
| Contra Costa County | 5 | 4 | 0 | 0.0% |
| Alameda County | 4 | 2 | 1 | 25.0% |
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: 225 applications in 2025, of which 132 were originated and 48 denied.
21.3% of all applications, or 25.8% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans Nova Financial & Investment originated in California in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are Nova Financial & Investment'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