Watermark Capital in California vs the state
3.7%Denial rate-13.70 pts vs state
3.9%Decision denial rate-18.49 pts vs state
77.1%Origination rate+20.89 pts vs state
6.63%Median rate0.00 pts vs state
0.10Rate spread (pts)-0.17 pts vs state
$208kMedian applicant income
249Loans originated
12Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 286 | 232 | 6.3% | 6.62% | #294 |
| 2024 | 313 | 252 | 5.4% | 6.62% | #300 |
| 2025 | 323 | 249 | 3.7% | 6.63% | #309 |
What Watermark Capital lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most Watermark Capital applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Los Angeles County | 99 | 80 | 3 | 3.0% |
| Orange County | 38 | 33 | 0 | 0.0% |
| San Diego County | 30 | 19 | 2 | 6.7% |
| Riverside County | 26 | 19 | 1 | 3.8% |
| San Joaquin County | 21 | 16 | 0 | 0.0% |
| Contra Costa County | 18 | 13 | 1 | 5.6% |
| San Bernardino County | 14 | 11 | 0 | 0.0% |
| Sacramento County | 10 | 9 | 0 | 0.0% |
| Ventura County | 8 | 6 | 1 | 12.5% |
| Alameda County | 7 | 6 | 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: 323 applications in 2025, of which 249 were originated and 12 denied.
3.7% of all applications, or 3.9% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans Watermark Capital originated in California in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Watermark Capital'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