Preferred Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
39th12.4% deniedProcesswithdrawn + incomplete share, weight 15%
41st13.6%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 283 | 233 | 3.5% | 4.1% | — | $197M |
| 2024 | 221 | 174 | 6.8% | 7.8% | — | $164M |
| 2025 | 242 | 181 | 10.7% | 12.4% | — | $238M |
What Preferred Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 69 investment properties.
Who gets approved at Preferred Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| $150k – $250k | 24 | 19 | 9.5% |
| Over $250k | 97 | 69 | 13.8% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 35 | 32 | 3.0% |
| 35–44 | 79 | 63 | 7.4% |
| 45–54 | 64 | 41 | 21.2% |
| 55–64 | 25 | 16 | 30.4% |
Where Preferred Bank lends
3 states and 26 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| California | 214 | 154 | 12.2% | — | #356 |
| Texas | 21 | 21 | 0.0% | — | #858 |
| New York | 7 | 6 | 0.0% | — | #495 |
Frequently asked questions
Preferred Bank denied 12.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 39th percentile of small mortgage lenders.
In 2025, 67% of its applications were for home purchases, 27% for refinancing (including cash-out), and 6% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.