Santa Clara County, CA: mortgage lenders, denial rate and originations, 2024

States › California › Santa Clara 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 35,668 mortgage applications in Santa Clara County, California, for 2024, and originated 21,200 loans worth $22bn.

That is 32.2 originations per 1,000 households, against 37.7 for California and 48.0 nationally.

The county's denial rate was 19.7%, below the state rate of 24.8%. The median rate spread on originated loans was -0.0 percentage points and 11.0% of originations were 1.5 points or more above the average prime offer rate.

149 lenders reached 25 applications in the county; the most active by originations were Bank of America NA (1,777), Wells Fargo Bank NA (1,498) and Us Bank, N.A. (1,436).

Originations were up 31% on 2023.

35,668applications, 2024

21,200loans originated$22bn

19.7%denial rateCA 24.8% · US 24.3%

32.2originations per 1,000 householdsCA 37.7 · US 48.0

Most active lenders

#	Lender	Applications	Originations	Amount	Denial rate	Median spread
1	Bank of America NA	2,927	1,777	$1.9bn	22.1%	—
2	Wells Fargo Bank NA	2,415	1,498	$2.5bn	10.0%	—
3	Us Bank, N.A.	2,221	1,436	$1.6bn	20.6%	—
4	Rocket Mortgage	1,801	1,322	$910m	17.6%	—
5	HSBC Bank USA, NA	1,253	1,002	$1.5bn	1.4%	—
6	United Wholesale Mortgage	1,319	941	$712m	15.6%	—
7	BMO Harris Bank NA	1,574	842	$1.2bn	26.2%	—
8	Citibank, NA	1,337	761	$1.3bn	11.3%	—
9	JPMorgan Chase Bank, NA	1,090	709	$929m	9.3%	—
10	Star One Credit Union	950	600	$337m	27.3%	—
11	PNC Bank N.A.	767	516	$953m	14.1%	—
12	Technology Credit Union	434	277	$87m	21.5%	—
13	Stanford Federal Credit Union	320	261	$170m	7.2%	—
14	The Golden 1 Credit Union	400	236	$220m	28.8%	—
15	Fremont Bank	413	234	$92m	32.8%	—
16	Googain, Inc	248	223	$175m	0.0%	—
17	Crosscountry Mortgage, LLC	310	202	$225m	5.1%	—
18	Morgan Stanley Private Bank NA	272	196	$317m	5.0%	—
19	Loandepot.com, LLC	386	190	$124m	29.9%	—
20	Meriwest Credit Union	273	181	$46m	30.4%	—
21	Patelco Credit Union	335	172	$125m	17.5%	—
22	AmWest Funding Corp	299	171	$127m	11.3%	—
23	General Mortgage Capital Corporation	219	164	$137m	2.4%	—
24	Conventus Lending LLC	171	151	$205m	0.0%	—
25	Figure Lending LLC	347	147	$25m	32.3%	—
26	Spring Eq, LLC	512	145	$28m	65.1%	—
27	Charles Schwab Bank, Ssb	160	145	$212m	9.4%	—
28	Guaranteed Rate, Inc.	268	144	$131m	12.7%	—
29	Finance of America Reverse LLC	186	141	$114m	4.5%	—
30	Change Lending, LLC	213	134	$124m	7.6%	—
31	Mirastar Federal Credit Union	219	133	$22m	24.1%	—
32	Provident Credit Union	152	133	$81m	2.2%	—
33	Pulte Mortgage LLC	162	130	$129m	5.1%	—
34	Pennymac Loan Services LLC	258	129	$113m	26.4%	—
35	The Loan Store, Inc	168	129	$72m	6.8%	—
36	East West Bank	167	122	$106m	10.6%	—
37	Guaranteed Rate Affinity, LLC	170	117	$103m	3.9%	—
38	Comerica Bank	246	116	$51m	44.2%	—
39	First Technology Credit Union	176	112	$76m	17.5%	—
40	Premierone Credit Union	175	109	$27m	25.3%	—

Lenders with at least 25 applications in the county, by originations; up to 40 shown of 149. Denial rate is denials over decided applications in this county.

Compared with California and the nation

Measure	This county	California	United States
Denial rate	19.7%	24.8%	24.3%
Median rate spread, pp	-0.0	0.4	0.3
Originations with spread of 1.5 pp or more	11.0%	19.9%	15.6%
Average originated loan	$1.0m	$566k	$329k
Originations per 1,000 households	32.2	37.7	48.0
Home purchase share of originations	54.2%	51.2%	57.0%
FHA-insured share	1.7%	11.4%	13.4%
VA-guaranteed share	0.6%	4.8%	7.9%

Rate spread distribution

Below 0 pp50.9%

0 to 0.5 pp23.7%

0.5 to 1 pp8.7%

1 to 1.5 pp5.6%

1.5 to 3 pp7.5%

3 or more pp3.5%

Share of 19,050 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 54% (11,482)Home improvement 9% (1,938)Refinancing 19% (4,048)Cash-out refinancing 10% (2,113)Other purpose 8% (1,607)

By type

Conventional 98% (20,718)FHA 2% (351)VA 1% (131)

Trend by year

ApplicationsOriginations

Applications and originations in Santa Clara County, 2022–2024

This countyCalifornia

Denial rate by year, state rate dashed

Questions and answers

Which lenders are most active in Santa Clara County, CA?

By 2024 originations: Bank of America NA (1,777), Wells Fargo Bank NA (1,498), Us Bank, N.A. (1,436), Rocket Mortgage (1,322), HSBC Bank USA, NA (1,002). 149 lenders had at least 25 applications in the county.

What is the mortgage denial rate in Santa Clara County?

19.7% of decided applications were denied in 2024, against 24.8% across California and 24.3% nationally.

How many mortgages were originated in Santa Clara County in 2024?

21,200 loans totalling $22bn, from 35,668 applications; 32.2 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 06085; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.