Pennymac Loan Services in California vs the state
13.5%Denial rate-3.96 pts vs state
18.6%Decision denial rate-3.82 pts vs state
57.3%Origination rate+1.12 pts vs state
6.50%Median rate-0.13 pts vs state
0.21Rate spread (pts)-0.06 pts vs state
$172kMedian applicant income
10,749Loans originated
2,525Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 9,044 | 4,404 | 17.3% | 6.88% | #16 |
| 2024 | 12,416 | 6,554 | 15.6% | 6.62% | #16 |
| 2025 | 18,754 | 10,749 | 13.5% | 6.50% | #8 |
What Pennymac Loan Services lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most Pennymac Loan Services applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Los Angeles County | 3,126 | 1,760 | 474 | 15.2% |
| San Diego County | 2,261 | 1,391 | 277 | 12.3% |
| Riverside County | 1,747 | 952 | 262 | 15.0% |
| Orange County | 1,337 | 796 | 196 | 14.7% |
| San Bernardino County | 1,256 | 634 | 199 | 15.8% |
| Sacramento County | 966 | 591 | 119 | 12.3% |
| Fresno County | 710 | 382 | 95 | 13.4% |
| Contra Costa County | 630 | 394 | 66 | 10.5% |
| Kern County | 548 | 257 | 92 | 16.8% |
| Alameda County | 544 | 339 | 58 | 10.7% |
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% |
| Newrez | D | 17,000 | 19.3% | 6.63% |
| Loandepot.Com | D | 16,645 | 18.7% | 6.63% |
| Coastal Community Bank | C | 15,830 | 2.7% | 9.99% |
Frequently asked questions
California: 18,754 applications in 2025, of which 10,749 were originated and 2,525 denied.
13.5% of all applications, or 18.6% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans Pennymac Loan Services originated in California in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are Pennymac Loan Services'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