PHH Mortgage · California · 2025

PHH Mortgage in California: approval rate, denial rate and rates (2025)

PHH Mortgage took 2,234 mortgage applications in California in 2025, ranking #95 of 1,147 lenders active in the state. It originated 35.8% of them and denied 10.2% (22.0% of the applications it decided), against a statewide denial rate of 17.4%.

2.2kApplicationsin CA
22.0%Decision denial ratestate 22.4%
6.00%Median ratestate 6.63%
$435,000Median loanstate $385,000
$377MVolume50 counties

PHH Mortgage in California vs the state

10.2%Denial rate-7.21 pts vs state
22.0%Decision denial rate-0.39 pts vs state
35.8%Origination rate-20.39 pts vs state
6.00%Median rate-0.63 pts vs state
-0.02Rate spread (pts)-0.29 pts vs state
$88kMedian applicant income
800Loans originated
228Denied

Trend in California

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,10845728.3%7.22%#125
20241,65156816.2%6.75%#106
20252,23480010.2%6.00%#95

What PHH Mortgage lends in California

By loan purpose

Home purchase 52 2% · 13.5% denied
Refinance 1,221 55% · 11.7% denied
Cash-out refinance 864 39% · 7.2% denied
Home improvement 97 4% · 16.5% denied

By loan type

Conventional 1,069 48% · 5.9% denied
FHA 995 45% · 14.6% denied
VA 170 8% · 11.8% denied

Why it denied California applicants

Collateral 67 29%
Other 64 28%
Insufficient cash 43 19%
Debt-to-income ratio 35 15%
Credit history 14 6%
Unverifiable information 5 2%

Where in California

Counties with the most PHH Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Los Angeles County 49616947 9.5%
Riverside County 2327929 12.5%
San Diego County 2009523 11.5%
San Bernardino County 1766615 8.5%
Orange County 1505720 13.3%
Sacramento County 114418 7.0%
Contra Costa County 80265 6.3%
San Joaquin County 67182 3.0%
Alameda County 661710 15.2%
Ventura County 57257 12.3%

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: 2,234 applications in 2025, of which 800 were originated and 228 denied.

10.2% of all applications, or 22.0% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.

The median rate on loans PHH Mortgage originated in California in 2025 was 6.00%, against a statewide median of 6.63%.

About this data. Figures are PHH Mortgage'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