Preferred Bank in California vs the state
12.2%Denial rate-5.27 pts vs state
14.3%Decision denial rate-8.11 pts vs state
72.0%Origination rate+15.76 pts vs state
—Median rate
—Rate spread (pts)
$349kMedian applicant income
154Loans originated
26Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 275 | 226 | 3.3% | — | #302 |
| 2024 | 209 | 163 | 7.2% | — | #348 |
| 2025 | 214 | 154 | 12.2% | — | #356 |
What Preferred Bank lends in California
By loan purpose
By loan type
Where in California
Counties with the most Preferred Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Los Angeles County | 59 | 44 | 7 | 11.9% |
| Orange County | 55 | 35 | 6 | 10.9% |
| San Bernardino County | 46 | 38 | 3 | 6.5% |
| Riverside County | 20 | 15 | 3 | 15.0% |
| Santa Clara County | 6 | 4 | 1 | 16.7% |
| Santa Barbara County | 5 | 1 | 3 | 60.0% |
| San Francisco County | 5 | 4 | 1 | 20.0% |
| Alameda County | 4 | 1 | 1 | 25.0% |
| San Diego County | 4 | 2 | 1 | 25.0% |
| San Mateo County | 3 | 3 | 0 | 0.0% |
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% |
| Pennymac Loan Services | C | 18,754 | 13.5% | 6.50% |
| Newrez | D | 17,000 | 19.3% | 6.63% |
| Loandepot.Com | D | 16,645 | 18.7% | 6.63% |
Frequently asked questions
California: 214 applications in 2025, of which 154 were originated and 26 denied.
12.2% of all applications, or 14.3% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).
About this data. Figures are Preferred 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