Truist Bank · California · 2025

Truist Bank in California: approval rate, denial rate and rates (2025)

Truist Bank took 986 mortgage applications in California in 2025, ranking #175 of 1,147 lenders active in the state. It originated 33.0% of them and denied 54.0% (61.1% of the applications it decided), against a statewide denial rate of 17.4%.

986Applicationsin CA
61.1%Decision denial ratestate 22.4%
6.38%Median ratestate 6.63%
$205,000Median loanstate $385,000
$164MVolume43 counties

Truist Bank in California vs the state

54.0%Denial rate+36.54 pts vs state
61.1%Decision denial rate+38.68 pts vs state
33.0%Origination rate-23.24 pts vs state
6.38%Median rate-0.25 pts vs state
-0.19Rate spread (pts)-0.46 pts vs state
$184kMedian applicant income
325Loans originated
532Denied

Trend in California

YearApplicationsOriginatedDenial rateMedian rateRank in state
202393337645.2%6.68%#141
202491324360.2%7.24%#167
202598632554.0%6.38%#175

What Truist Bank lends in California

By loan purpose

Home purchase 200 20% · 19.0% denied
Refinance 136 14% · 55.2% denied
Cash-out refinance 23 2% · 26.1% denied
Home improvement 318 32% · 60.4% denied
Other / HELOC 309 31% · 71.5% denied

By loan type

Conventional 985 100% · 53.9% denied
FHA 1 0% · 100.0% denied

Why it denied California applicants

Incomplete application 206 39%
Debt-to-income ratio 190 36%
Credit history 93 17%
Other 21 4%
Collateral 13 2%
Unverifiable information 4 1%
Insufficient cash 4 1%
Employment history 1 0%

Where in California

Counties with the most Truist Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Los Angeles County 20869113 54.3%
San Diego County 1114255 49.5%
Orange County 983253 54.1%
Riverside County 662630 45.5%
San Bernardino County 571334 59.6%
Santa Clara County 541436 66.7%
Sacramento County 411325 61.0%
Ventura County 411617 41.5%
Contra Costa County 37727 73.0%
Alameda County 341019 55.9%

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: 986 applications in 2025, of which 325 were originated and 532 denied.

54.0% of all applications, or 61.1% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.

The median rate on loans Truist Bank originated in California in 2025 was 6.38%, against a statewide median of 6.63%.

About this data. Figures are Truist 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