Vellum Mortgage in California vs the state
2.2%Denial rate-15.24 pts vs state
2.7%Decision denial rate-19.75 pts vs state
79.3%Origination rate+23.11 pts vs state
6.63%Median rate0.00 pts vs state
0.16Rate spread (pts)-0.12 pts vs state
$212kMedian applicant income
437Loans originated
12Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 275 | 218 | 5.1% | 6.75% | #301 |
| 2024 | 476 | 375 | 2.1% | 6.75% | #250 |
| 2025 | 551 | 437 | 2.2% | 6.63% | #250 |
What Vellum Mortgage lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most Vellum Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Contra Costa County | 232 | 191 | 3 | 1.3% |
| Alameda County | 178 | 140 | 3 | 1.7% |
| Solano County | 32 | 24 | 3 | 9.4% |
| Sacramento County | 19 | 15 | 0 | 0.0% |
| San Francisco County | 14 | 11 | 1 | 7.1% |
| Santa Clara County | 10 | 8 | 0 | 0.0% |
| Marin County | 9 | 7 | 1 | 11.1% |
| San Mateo County | 8 | 6 | 0 | 0.0% |
| Placer County | 6 | 5 | 0 | 0.0% |
| San Joaquin County | 5 | 4 | 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: 551 applications in 2025, of which 437 were originated and 12 denied.
2.2% of all applications, or 2.7% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans Vellum Mortgage originated in California in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Vellum Mortgage'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