San Francisco County, CA: mortgage lenders, denial rate and originations, 2024

States › California › San Francisco County

HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.

Lenders reported 10,485 mortgage applications in San Francisco County, California, for 2024, and originated 6,254 loans worth $6.3bn.

That is 17.2 originations per 1,000 households, against 37.7 for California and 48.0 nationally.

The county's denial rate was 19.9%, below the state rate of 24.8%. The median rate spread on originated loans was 0.1 percentage points and 8.8% of originations were 1.5 points or more above the average prime offer rate.

70 lenders reached 25 applications in the county; the most active by originations were JPMorgan Chase Bank, NA (435), Bank of America NA (423) and Rocket Mortgage (373).

Originations were up 8% on 2023.

10,485applications, 2024

6,254loans originated$6.3bn

19.9%denial rateCA 24.8% · US 24.3%

17.2originations per 1,000 householdsCA 37.7 · US 48.0

Most active lenders

#	Lender	Applications	Originations	Amount	Denial rate	Median spread
1	JPMorgan Chase Bank, NA	644	435	$523m	9.5%	—
2	Bank of America NA	836	423	$394m	32.0%	—
3	Rocket Mortgage	492	373	$241m	16.5%	—
4	Wells Fargo Bank NA	562	355	$668m	12.0%	—
5	Us Bank, N.A.	551	328	$304m	27.5%	—
6	United Wholesale Mortgage	426	305	$243m	15.0%	—
7	Citibank, NA	472	238	$301m	17.5%	—
8	Redwood Credit Union	260	212	$179m	8.8%	—
9	Guaranteed Rate, Inc.	216	140	$111m	3.3%	—
10	First Ciitizens Bank and Trust	171	140	$212m	5.2%	—
11	PNC Bank N.A.	205	134	$158m	19.2%	—
12	Morgan Stanley Private Bank NA	146	115	$155m	3.1%	—
13	BMO Harris Bank NA	210	103	$111m	37.2%	—
14	Crosscountry Mortgage, LLC	139	95	$92m	0.0%	—
15	HSBC Bank USA, NA	135	95	$113m	4.0%	—
16	East West Bank	131	87	$53m	13.3%	—
17	Originpoint, LLC	135	84	$90m	3.4%	—
18	Charles Schwab Bank, Ssb	91	84	$108m	5.5%	—
19	General Mortgage Capital Corporation	105	82	$58m	0.0%	—
20	AmWest Funding Corp	115	76	$53m	9.5%	—
21	National Cooperative Bank, N.A.	80	66	$47m	5.6%	—
22	Patelco Credit Union	140	63	$28m	27.8%	—
23	Fremont Bank	107	62	$38m	28.4%	—
24	CBNA Year to Date	60	51	$130m	3.7%	—
25	Conventus Lending LLC	51	47	$65m	2.1%	—
26	Loandepot.com, LLC	84	45	$33m	24.6%	—
27	New American Funding, LLC.	76	44	$34m	5.8%	—
28	Change Lending, LLC	70	43	$36m	12.2%	—
29	San Francisco Fire Credit Union	81	42	$11m	33.8%	—
30	The Golden 1 Credit Union	71	40	$25m	36.9%	—
31	The Loan Store, Inc	66	40	$31m	13.6%	—
32	Figure Lending LLC	101	37	$6.1m	33.3%	—
33	American Pacific Mortgage Corporation	60	37	$34m	15.6%	—
34	Ameris Bank	35	34	$20m	0.0%	—
35	Mechanics Bank	48	32	$18m	17.5%	—
36	Ameritrust Mortgage Corporation	40	32	$26m	0.0%	—
37	Pennymac Loan Services LLC	66	31	$29m	20.9%	—
38	AmeriHome Mortgage Company, LLC	39	31	$33m	0.0%	—
39	San Francisco Federal Credit Union	44	30	$29m	6.1%	—
40	Mason-McDuffie Mortgage Corporation	39	26	$28m	7.1%	—

Lenders with at least 25 applications in the county, by originations; up to 40 shown of 70. Denial rate is denials over decided applications in this county.

Compared with California and the nation

Measure	This county	California	United States
Denial rate	19.9%	24.8%	24.3%
Median rate spread, pp	0.1	0.4	0.3
Originations with spread of 1.5 pp or more	8.8%	19.9%	15.6%
Average originated loan	$1.0m	$566k	$329k
Originations per 1,000 households	17.2	37.7	48.0
Home purchase share of originations	60.5%	51.2%	57.0%
FHA-insured share	1.3%	11.4%	13.4%
VA-guaranteed share	0.5%	4.8%	7.9%

Rate spread distribution

Below 0 pp45.4%

0 to 0.5 pp26.4%

0.5 to 1 pp13%

1 to 1.5 pp6.4%

1.5 to 3 pp6.8%

3 or more pp2%

Share of 5,362 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: California). Loans at 1.5 points or more on a first lien are what Regulation C calls higher-priced.

Loan purpose and loan type

By purpose

Home purchase 61% (3,783)Home improvement 7% (417)Refinancing 17% (1,030)Cash-out refinancing 9% (577)Other purpose 7% (430)

By type

Conventional 98% (6,139)FHA 1% (84)VA 0% (30)USDA 0% (1)

Trend by year

ApplicationsOriginations

Applications and originations in San Francisco County, 2022–2024

This countyCalifornia

Denial rate by year, state rate dashed

Questions and answers

Which lenders are most active in San Francisco County, CA?

By 2024 originations: JPMorgan Chase Bank, NA (435), Bank of America NA (423), Rocket Mortgage (373), Wells Fargo Bank NA (355), Us Bank, N.A. (328). 70 lenders had at least 25 applications in the county.

What is the mortgage denial rate in San Francisco County?

19.9% of decided applications were denied in 2024, against 24.8% across California and 24.3% nationally.

How many mortgages were originated in San Francisco County in 2024?

6,254 loans totalling $6.3bn, from 10,485 applications; 17.2 originations per 1,000 households.

Where does this data come from?

From the 2024 public HMDA loan/application register (FFIEC and CFPB), by property county; households from the Census Bureau American Community Survey 2024 five-year estimates.

Provenance

Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records with a property in county FIPS 06075; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 1 Oct 2026; data through 1 Aug 2026. See methodology and corrections.