T2 Financial in California vs the state
10.5%Denial rate-6.89 pts vs state
11.8%Decision denial rate-10.64 pts vs state
73.7%Origination rate+17.48 pts vs state
6.44%Median rate-0.19 pts vs state
0.01Rate spread (pts)-0.27 pts vs state
$180kMedian applicant income
42Loans originated
6Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 16 | 11 | 12.5% | 6.88% | #676 |
| 2024 | 41 | 33 | 9.8% | 6.88% | #554 |
| 2025 | 57 | 42 | 10.5% | 6.44% | #510 |
What T2 Financial lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most T2 Financial applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| San Diego County | 24 | 20 | 1 | 4.2% |
| San Bernardino County | 7 | 4 | 2 | 28.6% |
| Ventura County | 4 | 3 | 0 | 0.0% |
| Los Angeles County | 4 | 3 | 1 | 25.0% |
| Riverside County | 4 | 3 | 1 | 25.0% |
| Marin County | 3 | 2 | 0 | 0.0% |
| Orange County | 3 | 3 | 0 | 0.0% |
| Santa Clara County | 3 | 2 | 0 | 0.0% |
| Kern County | 2 | 1 | 1 | 50.0% |
| Kings County | 1 | 1 | 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: 57 applications in 2025, of which 42 were originated and 6 denied.
10.5% of all applications, or 11.8% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans T2 Financial originated in California in 2025 was 6.44%, against a statewide median of 6.63%.
About this data. Figures are T2 Financial'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