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Monterey County, California · 2025

Mortgage lenders in Monterey County, CA: denial rates and top lenders (2025)

362 lenders acted on 8,148 mortgage applications for properties in Monterey County in 2025. 18.8% were denied (California: 17.4%). Median rate on closed loans 6.75%; median loan $405,000; median property value $855,000.

8.1kApplications
18.8%Denial ratestate 17.4%
6.75%Median ratestate 6.63%
$405,000Median loan
$855,000Median property value

Largest lenders in Monterey County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 United Shore Financial Services B 727521 12.5%6.50%
2 Rocket Mortgage C 488358 15.4%6.75%
3 Bank of America F 339126 38.1%6.24%
4 U.S. Bank D 324154 37.4%7.13%
5 Crosscountry Mortgage B 223151 2.2%6.74%
6 JPMorgan Chase Bank B 217134 9.7%6.49%
7 Bay D 194107 19.1%7.50%
8 FlexPoint C 193120 2.6%6.63%
9 Loandepot.Com D 192102 20.8%7.19%
10 Spring Eq D 19156 49.7%8.50%
11 Navy Federal Credit Union D 15271 13.8%7.75%
12 Guaranteed Rate B 14696 2.7%6.25%
13 Newrez D 14651 18.5%6.63%
14 Premier Mortgage Resources B 13597 0.7%6.13%
15 Franklin Loan B 13299 3.0%6.63%
16 Pennymac Loan Services C 12769 11.8%6.63%
17 Figure Lending C 12464 16.1%8.78%
18 Wells Fargo Bank B 10563 17.1%6.13%
19 Coastal Community Bank C 10526 0.0%8.99%
20 The Golden 1 D 10039 47.0%7.75%
21 Summit Funding C 9970 5.1%6.88%
22 Wescom Central Credit Union D 9347 23.7%8.00%
23 OCMBC C 9154 11.0%7.06%
24 Broker Solutions D 8924 10.1%6.88%
25 Nationstar Mortgage C 8747 24.1%8.75%

Best approval odds in Monterey County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Mackillie630.0%
2Coastal Community Bank710.0%
3Premier Mortgage Resources981.0%
4Synergy One Lending512.0%
5Crosscountry Mortgage1603.1%
6FlexPoint1523.3%
7Primelending, a Plainscapital563.6%
8Franklin Loan1033.9%
9Guaranteed Rate1023.9%
10Summit Funding766.6%

What Monterey County borrowers applied for

By loan purpose

Home purchase 2,671 33% · 10.0% denied
Refinance 1,414 17% · 15.6% denied
Cash-out refinance 2,023 25% · 19.8% denied
Home improvement 945 12% · 33.1% denied
Other / HELOC 1,095 13% · 30.0% denied

By loan type

Conventional 6,951 85% · 19.5% denied
FHA 811 10% · 14.1% denied
VA 374 5% · 16.3% denied
USDA / RHS 12 0% · 8.3% denied

Why applications were denied

Debt-to-income ratio 586 38%
Credit history 241 16%
Incomplete application 224 15%
Collateral 201 13%
Other 160 10%
Unverifiable information 76 5%
Insufficient cash 29 2%
Employment history 13 1%

Monterey County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20235,9533,11322.8%6.95%$375,000
20247,1623,81921.3%6.99%$365,000
20258,1484,43918.8%6.75%$405,000

Frequently asked questions

18.8% of applications in Monterey County were denied in 2025, against 17.4% statewide in California.

United Shore Financial Services, with 727 applications in 2025 and a denial rate of 12.5%.

The median mortgage application in Monterey County in 2025 was for $405,000; the median property value on originated loans was $855,000.