Sofi Bank in California vs the state
10.1%Denial rate-7.32 pts vs state
27.5%Decision denial rate+5.10 pts vs state
26.1%Origination rate-30.06 pts vs state
7.79%Median rate+1.17 pts vs state
1.84Rate spread (pts)+1.57 pts vs state
$163kMedian applicant income
1,778Loans originated
687Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 673 | 188 | 17.7% | 6.81% | #178 |
| 2024 | 1,654 | 538 | 21.7% | 7.13% | #105 |
| 2025 | 6,803 | 1,778 | 10.1% | 7.79% | #32 |
What Sofi Bank lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most Sofi Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Los Angeles County | 1,504 | 369 | 181 | 12.0% |
| San Diego County | 678 | 175 | 59 | 8.7% |
| Orange County | 634 | 169 | 64 | 10.1% |
| Riverside County | 534 | 144 | 62 | 11.6% |
| San Bernardino County | 391 | 106 | 43 | 11.0% |
| Sacramento County | 301 | 100 | 26 | 8.6% |
| Contra Costa County | 262 | 76 | 29 | 11.1% |
| Alameda County | 261 | 57 | 22 | 8.4% |
| Santa Clara County | 256 | 53 | 22 | 8.6% |
| Ventura County | 179 | 58 | 18 | 10.1% |
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: 6,803 applications in 2025, of which 1,778 were originated and 687 denied.
10.1% of all applications, or 27.5% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans Sofi Bank originated in California in 2025 was 7.79%, against a statewide median of 6.63%.
About this data. Figures are Sofi 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