Valley National Bank · California · 2025

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

Valley National Bank took 15 mortgage applications in California in 2025, ranking #684 of 1,147 lenders active in the state. It originated 66.7% of them and denied 13.3% (16.7% of the applications it decided), against a statewide denial rate of 17.4%.

15Applicationsin CA
16.7%Decision denial ratestate 22.4%
6.37%Median ratestate 6.63%
$805,000Median loanstate $385,000
$23MVolume8 counties

Valley National Bank in California vs the state

13.3%Denial rate-4.09 pts vs state
16.7%Decision denial rate-5.73 pts vs state
66.7%Origination rate+10.47 pts vs state
6.37%Median rate-0.25 pts vs state
-0.14Rate spread (pts)-0.42 pts vs state
$583kMedian applicant income
10Loans originated
2Denied

Trend in California

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231278.3%5.88%#710
2024750.0%7.38%#760
2025151013.3%6.37%#684

What Valley National Bank lends in California

By loan purpose

Home purchase 4 27% · 0.0% denied
Refinance 1 7% · 0.0% denied
Cash-out refinance 1 7% · 0.0% denied
Home improvement 4 27% · 50.0% denied
Other / HELOC 5 33% · 0.0% denied

By loan type

Conventional 15 100% · 13.3% denied

Why it denied California applicants

Collateral 1 50%
Debt-to-income ratio 1 50%

Where in California

Counties with the most Valley National Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Los Angeles County 862 25.0%
Sacramento County 110 0.0%
Orange County 100 0.0%
Contra Costa County 110 0.0%
Ventura County 110 0.0%
San Diego County 110 0.0%
Riverside County 100 0.0%
Santa Clara County 100 0.0%

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: 15 applications in 2025, of which 10 were originated and 2 denied.

13.3% of all applications, or 16.7% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.

The median rate on loans Valley National Bank originated in California in 2025 was 6.37%, against a statewide median of 6.63%.

About this data. Figures are Valley National 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