Patelco Credit Union · California · 2025

Patelco Credit Union in California: approval rate, denial rate and rates (2025)

Patelco Credit Union took 4,163 mortgage applications in California in 2025, ranking #50 of 1,147 lenders active in the state. It originated 44.3% of them and denied 9.3% (16.7% of the applications it decided), against a statewide denial rate of 17.4%.

4.2kApplicationsin CA
16.7%Decision denial ratestate 22.4%
8.00%Median ratestate 6.63%
$175,000Median loanstate $385,000
$633MVolume50 counties

Patelco Credit Union in California vs the state

9.3%Denial rate-8.10 pts vs state
16.7%Decision denial rate-5.68 pts vs state
44.3%Origination rate-11.86 pts vs state
8.00%Median rate+1.38 pts vs state
0.76Rate spread (pts)+0.49 pts vs state
$191kMedian applicant income
1,846Loans originated
388Denied

Trend in California

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234,5362,36229.7%8.25%#38
20244,0022,05418.7%8.25%#43
20254,1631,8469.3%8.00%#50

What Patelco Credit Union lends in California

By loan purpose

Home purchase 715 17% · 3.5% denied
Refinance 1,148 28% · 11.8% denied
Cash-out refinance 1,320 32% · 13.0% denied
Other / HELOC 980 24% · 5.7% denied

By loan type

Conventional 4,163 100% · 9.3% denied

Why it denied California applicants

Debt-to-income ratio 280 72%
Credit history 49 13%
Collateral 27 7%
Other 24 6%
Incomplete application 5 1%
Unverifiable information 2 1%
Employment history 1 0%

Where in California

Counties with the most Patelco Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Alameda County 997432107 10.7%
Contra Costa County 82138569 8.4%
Sacramento County 37016429 7.8%
Santa Clara County 36515521 5.8%
San Mateo County 23512025 10.6%
Solano County 1677317 10.2%
San Joaquin County 1636315 9.2%
San Francisco County 1556417 11.0%
Placer County 1437616 11.2%
Sonoma County 1345012 9.0%

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: 4,163 applications in 2025, of which 1,846 were originated and 388 denied.

9.3% of all applications, or 16.7% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.

The median rate on loans Patelco Credit Union originated in California in 2025 was 8.00%, against a statewide median of 6.63%.

About this data. Figures are Patelco Credit Union'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