Planet Home Lending · California · 2025

Planet Home Lending in California: approval rate, denial rate and rates (2025)

Planet Home Lending took 1,346 mortgage applications in California in 2025, ranking #141 of 1,147 lenders active in the state. It originated 74.6% of them and denied 17.5% (18.6% of the applications it decided), against a statewide denial rate of 17.4%.

1.3kApplicationsin CA
18.6%Decision denial ratestate 22.4%
5.99%Median ratestate 6.63%
$445,000Median loanstate $385,000
$481MVolume50 counties

Planet Home Lending in California vs the state

17.5%Denial rate+0.04 pts vs state
18.6%Decision denial rate-3.81 pts vs state
74.6%Origination rate+18.39 pts vs state
5.99%Median rate-0.63 pts vs state
0.04Rate spread (pts)-0.24 pts vs state
$142kMedian applicant income
1,004Loans originated
235Denied

Trend in California

YearApplicationsOriginatedDenial rateMedian rateRank in state
202380451530.0%6.63%#153
20241,09275522.4%6.38%#146
20251,3461,00417.5%5.99%#141

What Planet Home Lending lends in California

By loan purpose

Home purchase 389 29% · 13.9% denied
Refinance 627 47% · 13.9% denied
Cash-out refinance 155 12% · 31.6% denied
Home improvement 59 4% · 27.1% denied
Other / HELOC 116 9% · 25.0% denied

By loan type

Conventional 553 41% · 19.2% denied
FHA 527 39% · 16.5% denied
VA 264 20% · 15.9% denied
USDA / RHS 2 0% · 0.0% denied

Why it denied California applicants

Incomplete application 114 49%
Debt-to-income ratio 38 16%
Credit history 33 14%
Collateral 27 11%
Other 16 7%
Unverifiable information 6 3%
Insufficient cash 1 0%

Where in California

Counties with the most Planet Home Lending applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
San Bernardino County 24819734 13.7%
Los Angeles County 19214435 18.2%
Riverside County 16712131 18.6%
San Diego County 936424 25.8%
Fresno County 66547 10.6%
Orange County 553813 23.6%
Kern County 52369 17.3%
Sacramento County 47398 17.0%
Contra Costa County 41309 22.0%
Alameda County 40315 12.5%

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: 1,346 applications in 2025, of which 1,004 were originated and 235 denied.

17.5% 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 Planet Home Lending originated in California in 2025 was 5.99%, against a statewide median of 6.63%.

About this data. Figures are Planet Home Lending'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