Waterman State Bank · California · 2025

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

Waterman State Bank took 5 mortgage applications in California in 2025, ranking #812 of 1,147 lenders active in the state. It originated 60.0% of them and denied 20.0% (20.0% of the applications it decided), against a statewide denial rate of 17.4%.

5Applicationsin CA
20.0%Decision denial ratestate 22.4%
Median ratestate 6.63%
$645,000Median loanstate $385,000
$1.7MVolume3 counties

Waterman State Bank in California vs the state

20.0%Denial rate+2.58 pts vs state
20.0%Decision denial rate-2.40 pts vs state
60.0%Origination rate+3.80 pts vs state
Median rate
Rate spread (pts)
$396kMedian applicant income
3Loans originated
1Denied

What Waterman State Bank lends in California

By loan purpose

Home purchase 3 60% · 33.3% denied
Refinance 2 40% · 0.0% denied

By loan type

Conventional 5 100% · 20.0% denied

Where in California

Counties with the most Waterman State Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
San Diego County 210 0.0%
Los Angeles County 211 50.0%
Riverside County 110 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: 5 applications in 2025, of which 3 were originated and 1 denied.

20.0% of all applications, or 20.0% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Waterman State 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