PNC Bank · California · 2025

PNC Bank in California: approval rate, denial rate and rates (2025)

PNC Bank took 5,448 mortgage applications in California in 2025, ranking #37 of 1,147 lenders active in the state. It originated 49.3% of them and denied 27.7% (35.1% of the applications it decided), against a statewide denial rate of 17.4%.

5.4kApplicationsin CA
35.1%Decision denial ratestate 22.4%
6.75%Median ratestate 6.63%
$305,000Median loanstate $385,000
$3.1BVolume53 counties

PNC Bank in California vs the state

27.7%Denial rate+10.31 pts vs state
35.1%Decision denial rate+12.73 pts vs state
49.3%Origination rate-6.86 pts vs state
6.75%Median rate+0.13 pts vs state
0.22Rate spread (pts)-0.05 pts vs state
$216kMedian applicant income
2,688Loans originated
1,511Denied

Trend in California

YearApplicationsOriginatedDenial rateMedian rateRank in state
20239,0004,95221.1%7.74%#17
20246,7103,50724.5%7.75%#29
20255,4482,68827.7%6.75%#37

What PNC Bank lends in California

By loan purpose

Home purchase 1,321 24% · 10.3% denied
Refinance 1,289 24% · 30.2% denied
Cash-out refinance 97 2% · 22.7% denied
Home improvement 1,488 27% · 35.8% denied
Other / HELOC 1,253 23% · 34.5% denied

By loan type

Conventional 5,424 100% · 27.8% denied
FHA 17 0% · 17.7% denied
VA 7 0% · 28.6% denied

Why it denied California applicants

Debt-to-income ratio 695 46%
Credit history 395 26%
Incomplete application 206 14%
Collateral 177 12%
Other 30 2%
Unverifiable information 5 0%
Insufficient cash 2 0%
Employment history 1 0%

Where in California

Counties with the most PNC Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Los Angeles County 878380276 31.4%
Santa Clara County 60841089 14.6%
Riverside County 482164220 45.6%
Orange County 426194121 28.4%
Alameda County 41624770 16.8%
San Diego County 400189127 31.8%
Contra Costa County 28617367 23.4%
San Mateo County 28118834 12.1%
San Joaquin County 2289471 31.1%
San Bernardino County 1675671 42.5%

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: 5,448 applications in 2025, of which 2,688 were originated and 1,511 denied.

27.7% of all applications, or 35.1% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.

The median rate on loans PNC Bank originated in California in 2025 was 6.75%, against a statewide median of 6.63%.

About this data. Figures are PNC Bank'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