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San Mateo County, California · 2025

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

397 lenders acted on 15,759 mortgage applications for properties in San Mateo County in 2025. 13.8% were denied (California: 17.4%). Median rate on closed loans 6.38%; median loan $755,000; median property value $1,755,000.

16kApplications
13.8%Denial ratestate 17.4%
6.38%Median ratestate 6.63%
$755,000Median loan
$1,755,000Median property value

Largest lenders in San Mateo County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Bank of America F 1,347806 19.9%5.88%
2 Wells Fargo Bank B 1,033748 4.9%5.63%
3 JPMorgan Chase Bank B 852583 7.8%6.00%
4 U.S. Bank D 793491 17.9%6.13%
5 Rocket Mortgage C 750574 13.3%6.63%
6 United Shore Financial Services B 740515 13.5%6.50%
7 Citibank B 580317 8.1%5.50%
8 BMO Bank F 360176 23.9%6.13%
9 San Mateo Credit Union C 351211 25.1%7.75%
10 PNC Bank D 281188 12.1%6.13%
11 Guaranteed Rate B 258147 3.5%6.39%
12 STANFORD Federal Credit Union A 246208 6.1%7.25%
13 Spring Eq D 23665 47.5%8.09%
14 Patelco Credit Union C 235120 10.6%8.00%
15 Coastal Community Bank C 22834 2.2%8.99%
16 HSBC Bank USA B 209163 1.4%5.80%
17 General Mortgage Capital A 199156 1.5%6.63%
18 Broker Solutions D 189108 10.1%6.63%
19 Fremont Bank D 17288 31.4%8.25%
20 Pennymac Loan Services C 171119 12.3%6.50%
21 AMWEST Funding C 163112 3.1%6.88%
22 Morgan Stanley Private Bank A 163119 4.3%5.65%
23 East West Bank B 158102 10.1%6.50%
24 The Golden 1 D 15297 23.7%6.13%
25 Crosscountry Mortgage B 152103 4.6%6.70%

Best approval odds in San Mateo County

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

#LenderDecidedDecision denial rate
1Citadel Servicing500.0%
2Googain550.0%
3Conventus1180.0%
4Provident Credit Union971.0%
5Guaranteed Rate Affinity681.5%
6Charles Schwab Bank1141.8%
7HSBC Bank USA1661.8%
8General Mortgage Capital1621.9%
9Finance of America Reverse682.9%
10OriginPoint682.9%

What San Mateo County borrowers applied for

By loan purpose

Home purchase 5,798 37% · 6.3% denied
Refinance 3,933 25% · 10.9% denied
Cash-out refinance 2,555 16% · 17.7% denied
Home improvement 1,607 10% · 27.9% denied
Other / HELOC 1,866 12% · 25.6% denied

By loan type

Conventional 15,251 97% · 13.7% denied
FHA 370 2% · 16.2% denied
VA 137 1% · 18.3% denied
USDA / RHS 1 0% · 0.0% denied

Why applications were denied

Debt-to-income ratio 893 41%
Collateral 333 15%
Incomplete application 306 14%
Credit history 264 12%
Other 212 10%
Unverifiable information 110 5%
Insufficient cash 35 2%
Employment history 12 1%

San Mateo County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202310,8736,46916.6%6.74%$625,000
202412,4197,57716.1%6.63%$685,000
202515,7599,72013.8%6.38%$755,000

Frequently asked questions

13.8% of applications in San Mateo County were denied in 2025, against 17.4% statewide in California.

Bank of America, with 1,347 applications in 2025 and a denial rate of 19.9%.

The median mortgage application in San Mateo County in 2025 was for $755,000; the median property value on originated loans was $1,755,000.