Wells Fargo Bank in California vs the state
10.8%Denial rate-6.61 pts vs state
15.1%Decision denial rate-7.34 pts vs state
60.8%Origination rate+4.56 pts vs state
5.75%Median rate-0.88 pts vs state
-0.22Rate spread (pts)-0.49 pts vs state
$358kMedian applicant income
9,616Loans originated
1,711Denied
Trend in California
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 14,839 | 7,616 | 18.3% | 6.00% | #8 |
| 2024 | 13,357 | 6,910 | 15.6% | 6.25% | #11 |
| 2025 | 15,826 | 9,616 | 10.8% | 5.75% | #12 |
What Wells Fargo Bank lends in California
By loan purpose
By loan type
Why it denied California applicants
Where in California
Counties with the most Wells Fargo Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Santa Clara County | 3,838 | 2,679 | 173 | 4.5% |
| Los Angeles County | 2,364 | 1,231 | 388 | 16.4% |
| Alameda County | 1,451 | 921 | 96 | 6.6% |
| Orange County | 1,045 | 566 | 154 | 14.7% |
| San Mateo County | 1,033 | 748 | 51 | 4.9% |
| San Diego County | 904 | 488 | 134 | 14.8% |
| Contra Costa County | 743 | 483 | 64 | 8.6% |
| San Francisco County | 695 | 472 | 42 | 6.0% |
| Riverside County | 607 | 308 | 115 | 18.9% |
| San Bernardino County | 366 | 180 | 55 | 15.0% |
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: 15,826 applications in 2025, of which 9,616 were originated and 1,711 denied.
10.8% of all applications, or 15.1% of the applications it actually decided on. The California statewide average across all lenders was 17.4%.
The median rate on loans Wells Fargo Bank originated in California in 2025 was 5.75%, against a statewide median of 6.63%.
About this data. Figures are Wells Fargo 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