Redwood in California vs the state
17.5%Denial rate+0.12 pts vs state
21.1%Decision denial rate-1.26 pts vs state
63.3%Origination rate+7.14 pts vs state
8.00%Median rate+1.38 pts vs state
0.84Rate spread (pts)+0.57 pts vs state
$165kMedian applicant income
2,928Loans originated
811Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 3,971 | 2,635 | 13.8% | 7.49% | #44 |
| 2024 | 3,494 | 2,060 | 21.3% | 8.75% | #54 |
| 2025 | 4,623 | 2,928 | 17.5% | 8.00% | #42 |
What Redwood lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most Redwood applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Sonoma County | 2,225 | 1,419 | 364 | 16.4% |
| Marin County | 669 | 433 | 109 | 16.3% |
| San Francisco County | 463 | 399 | 24 | 5.2% |
| Napa County | 283 | 172 | 42 | 14.8% |
| Mendocino County | 257 | 134 | 68 | 26.5% |
| Lake County | 169 | 77 | 53 | 31.4% |
| Solano County | 120 | 60 | 35 | 29.2% |
| Contra Costa County | 106 | 58 | 20 | 18.9% |
| Alameda County | 65 | 33 | 21 | 32.3% |
| San Mateo County | 48 | 26 | 15 | 31.3% |
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: 4,623 applications in 2025, of which 2,928 were originated and 811 denied.
17.5% of all applications, or 21.1% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans Redwood originated in California in 2025 was 8.00%, against a statewide median of 6.63%.
About this data. Figures are Redwood'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