The Federal Savings Bank · California · 2025

The Federal Savings Bank in California: approval rate, denial rate and rates (2025)

The Federal Savings Bank took 1,066 mortgage applications in California in 2025, ranking #165 of 1,147 lenders active in the state. It originated 24.9% of them and denied 10.3% (28.6% of the applications it decided), against a statewide denial rate of 17.4%.

1.1kApplicationsin CA
28.6%Decision denial ratestate 22.4%
6.50%Median ratestate 6.63%
$455,000Median loanstate $385,000
$131MVolume50 counties

The Federal Savings Bank in California vs the state

10.3%Denial rate-7.10 pts vs state
28.6%Decision denial rate+6.17 pts vs state
24.9%Origination rate-31.34 pts vs state
6.50%Median rate-0.13 pts vs state
0.19Rate spread (pts)-0.09 pts vs state
$110kMedian applicant income
265Loans originated
110Denied

Trend in California

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,28132511.1%6.25%#114
20241,00625011.2%6.25%#157
20251,06626510.3%6.50%#165

What The Federal Savings Bank lends in California

By loan purpose

Home purchase 57 5% · 10.5% denied
Refinance 102 10% · 13.7% denied
Cash-out refinance 849 80% · 9.8% denied
Home improvement 26 2% · 15.4% denied
Other / HELOC 32 3% · 9.4% denied

By loan type

Conventional 164 15% · 12.2% denied
FHA 84 8% · 8.3% denied
VA 818 77% · 10.2% denied

Why it denied California applicants

Incomplete application 39 35%
Debt-to-income ratio 22 20%
Credit history 13 12%
Other 12 11%
Collateral 11 10%
Unverifiable information 9 8%
Employment history 3 3%
Insufficient cash 1 1%

Where in California

Counties with the most The Federal Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Riverside County 1462814 9.6%
San Diego County 136248 5.9%
Los Angeles County 1252715 12.0%
San Bernardino County 912612 13.2%
Sacramento County 622110 16.1%
Kern County 38142 5.3%
Solano County 32113 9.4%
Fresno County 3161 3.2%
San Joaquin County 2952 6.9%
Orange County 2557 28.0%

Other large lenders in California

LenderGradeApplicationsDenial rateMedian rate
United Shore Financial ServicesB 79,26112.6%6.49%
Rocket MortgageC 58,92517.6%6.75%
Bank of AmericaF 40,19030.8%5.99%
U.S. BankD 32,49331.6%6.50%
JPMorgan Chase BankB 22,0489.7%6.13%
Spring EqD 21,60150.8%8.88%
SchoolsfirstA 19,08610.0%6.25%
Pennymac Loan ServicesC 18,75413.5%6.50%
NewrezD 17,00019.3%6.63%
Loandepot.ComD 16,64518.7%6.63%

Frequently asked questions

California: 1,066 applications in 2025, of which 265 were originated and 110 denied.

10.3% of all applications, or 28.6% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.

The median rate on loans The Federal Savings Bank originated in California in 2025 was 6.50%, against a statewide median of 6.63%.

About this data. Figures are The Federal Savings 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