Lenders › Sierra Pacific Mortgage Co. Inc
Sierra Pacific Mortgage Co. Inc
HMDA reporter, headquartered in Folsom, California. Record for calendar year 2024.
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. Figures are from the 2024 public HMDA loan/application register; cells under 25 applications are withheld.
Sierra Pacific Mortgage Co. Inc reported 10,557 mortgage applications under the Home Mortgage Disclosure Act for 2024 in 35 states, of which 7,598 became loans it originated, for $2.7bn in total.
Its denial rate, the share of decided applications the lender denied, was 14.2%, below the national rate of 24.3% and below the California rate of 24.8%. 1,499 applications were withdrawn by the applicant and 131 files were closed for incompleteness; those are not counted in the denial rate.
The median rate spread on its originated loans, the difference between the loan's APR and the average prime offer rate, was 0.3 percentage points (national median 0.3); 3.5% of its originations had a spread of 1.5 points or more.
By loan purpose the originations were mostly home purchase (84%) and cash-out refinancing (7%); by loan type, conventional (68%) and FHA (24%).
The largest volumes were in California (2,570 originations), Texas (560 originations) and Florida (460 originations).
Applications were up 5% on 2023.
Compared with California and the nation
| Measure | This lender | California, all lenders | United States |
|---|---|---|---|
| Denial rate (denied ÷ decided applications) | 14.2% | 24.8% | 24.3% |
| Median rate spread, percentage points | 0.3 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 3.5% | 19.9% | 15.6% |
| Average originated loan | $358k | $566k | $329k |
| Home purchase share of originations | 84.1% | 51.2% | 57.0% |
| FHA-insured share of originations | 24.2% | 11.4% | 13.4% |
| VA-guaranteed share of originations | 6.4% | 4.8% | 7.9% |
| Applications withdrawn by applicant | 14.2% | 15.4% | 14.3% |
California is the lender's largest state by applications. State and national columns cover every HMDA reporter. Rate spread is reported on originated loans only.
Trend by year
ApplicationsOriginations
This lenderCaliforniaUnited States
| Year | Applications | Originations | Amount | Denial rate | Median spread | LAR records |
|---|---|---|---|---|---|---|
| 2018 | — | — | — | — | — | 18,242 |
| 2019 | — | — | — | — | — | 24,551 |
| 2020 | — | — | — | — | — | 37,440 |
| 2021 | — | — | — | — | — | 30,450 |
| 2022 | 14,533 | 10,469 | $3.5bn | 18.4% | 0.5 | 14,704 |
| 2023 | 10,016 | 7,230 | $2.5bn | 17.9% | 0.3 | 10,217 |
| 2024 | 10,557 | 7,598 | $2.7bn | 14.2% | 0.3 | 11,222 |
Applications, originations and rates are computed from the public LAR for 2022, 2023, 2024; LAR record counts come from each year's transmittal sheet.
Loan purpose and loan type
By purpose
Home purchase 84% (6,388)Home improvement 2% (174)Refinancing 5% (400)Cash-out refinancing 7% (568)Other purpose 1% (68)
By type
Conventional 68% (5,150)FHA 24% (1,841)VA 6% (489)USDA 2% (118)
| Loan type | Applications | Originations | Denied | Denial rate (of applications) |
|---|---|---|---|---|
| Conventional | 7,137 | 5,150 | 826 | 11.6% |
| FHA-insured | 2,605 | 1,841 | 350 | 13.4% |
| VA-guaranteed | 644 | 489 | 70 | 10.9% |
| USDA Rural Housing Service or Farm Service Agency guaranteed | 171 | 118 | 23 | 13.5% |
Shares are of originated loans. The per-type denial rate here divides denials by all applications of that type, because decided counts are not kept per type.
Action taken
| HMDA action taken | Records | Share |
|---|---|---|
| 1 Loan originated | 7,598 | 67.7% |
| 2 Application approved but not accepted | 60 | 0.5% |
| 3 Application denied | 1,269 | 11.3% |
| 4 Application withdrawn by applicant | 1,499 | 13.4% |
| 5 File closed for incompleteness | 131 | 1.2% |
| 6 Purchased loan | 646 | 5.8% |
| 7 Preapproval request denied | 16 | 0.1% |
| 8 Preapproval request approved but not accepted | 3 | 0.0% |
Codes and labels are the HMDA action-taken codes. Applications are codes 1–5; the denial rate divides code 3 by codes 1–3.
Denial reasons as coded
Share of the lender's 1,269 denials by the first denial reason it coded (outlined bar: all lenders nationally). Lenders may record up to four reasons; only the first is counted here.
States
| State | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|
| California | 3,569 | 2,570 | $1.1bn | 13.3% | 0.3 |
| Texas | 750 | 560 | $187m | 11.2% | 0.1 |
| Florida | 726 | 460 | $167m | 23.8% | 0.4 |
| Kansas | 643 | 479 | $98m | 12.2% | 0.4 |
| Oregon | 551 | 408 | $143m | 12.6% | 0.1 |
| Maryland | 395 | 282 | $100m | 14.1% | 0.3 |
| Tennessee | 365 | 242 | $62m | 20.4% | 0.5 |
| Arizona | 341 | 233 | $78m | 14.7% | 0.2 |
| Utah | 273 | 194 | $73m | 16.3% | 0.0 |
| Washington | 251 | 197 | $75m | 10.5% | 0.2 |
| Virginia | 246 | 178 | $67m | 13.2% | 0.2 |
| Massachusetts | 199 | 144 | $64m | 19.3% | 0.2 |
| Indiana | 189 | 136 | $35m | 13.9% | 0.3 |
| West Virginia | 147 | 104 | $29m | 14.0% | 0.5 |
| Minnesota | 140 | 110 | $33m | 8.9% | 0.1 |
| Pennsylvania | 139 | 103 | $24m | 12.7% | 0.3 |
| Nevada | 138 | 101 | $36m | 14.3% | 0.2 |
| Illinois | 115 | 81 | $23m | 21.4% | 0.4 |
| New Mexico | 113 | 82 | $23m | 14.6% | 0.4 |
| Missouri | 105 | 67 | $16m | 13.0% | 0.4 |
| Colorado | 104 | 81 | $34m | 12.0% | 0.1 |
| South Carolina | 98 | 83 | $22m | 9.8% | 0.1 |
| Georgia | 98 | 66 | $21m | 11.7% | 0.4 |
| Arkansas | 86 | 73 | $16m | 3.9% | 0.4 |
| Wisconsin | 81 | 65 | $19m | 3.0% | 0.2 |
| Idaho | 80 | 59 | $22m | 9.2% | 0.0 |
| Iowa | 79 | 60 | $12m | 17.8% | 0.7 |
| Rhode Island | 69 | 48 | $17m | 18.6% | 0.6 |
| New Hampshire | 67 | 56 | $22m | 8.2% | 0.3 |
| Oklahoma | 66 | 49 | $12m | 9.3% | — |
| North Carolina | 59 | 39 | $12m | 23.1% | 0.3 |
| New Jersey | 42 | 28 | $11m | 14.7% | — |
| Ohio | 34 | 17 | $4.0m | — | — |
| Alabama | 28 | 20 | $5.6m | 23.1% | — |
| New York | 25 | 10 | $5.0m | — | — |
States with at least 25 applications. States with 100 or more link to the lender's page for that state.
Counties
| County | State | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|---|
| Kern County | CA | 438 | 314 | $96m | 10.4% |
| Sedgwick County | KS | 426 | 308 | $61m | 13.0% |
| Los Angeles County | CA | 366 | 266 | $144m | 16.6% |
| Sacramento County | CA | 319 | 236 | $95m | 12.9% |
| Fresno County | CA | 261 | 185 | $66m | 10.0% |
| San Diego County | CA | 226 | 153 | $88m | 18.8% |
| Riverside County | CA | 210 | 148 | $69m | 15.8% |
| Maricopa County | AZ | 194 | 126 | $46m | 16.8% |
| Madera County | CA | 153 | 122 | $41m | 12.1% |
| Orange County | CA | 128 | 88 | $53m | 12.5% |
| San Joaquin County | CA | 122 | 88 | $35m | 8.1% |
| San Bernardino County | CA | 130 | 86 | $37m | 17.1% |
| Miami-Dade County | FL | 140 | 84 | $37m | 27.1% |
| Multnomah County | OR | 98 | 73 | $25m | 15.1% |
| Berkeley County | WV | 102 | 69 | $19m | 14.8% |
| Spokane County | WA | 80 | 69 | $23m | 4.2% |
| Ventura County | CA | 102 | 68 | $38m | 16.0% |
| Contra Costa County | CA | 92 | 68 | $37m | 11.7% |
| Placer County | CA | 85 | 66 | $31m | 10.4% |
| Butler County | KS | 86 | 65 | $13m | 13.2% |
| Spartanburg County | SC | 70 | 65 | $16m | 4.4% |
| Tarrant County | TX | 87 | 64 | $21m | 8.6% |
| Harris County | TX | 86 | 63 | $19m | 7.4% |
| Baltimore County | MD | 84 | 61 | $17m | 12.7% |
| Clark County | NV | 81 | 60 | $22m | 14.1% |
| Dallas County | TX | 79 | 56 | $18m | 17.6% |
| Washington County | TN | 84 | 55 | $16m | 17.9% |
| Klamath County | OR | 70 | 55 | $13m | 14.1% |
| Broward County | FL | 91 | 53 | $22m | 29.3% |
| Alameda County | CA | 73 | 52 | $30m | 11.9% |
Up to 30 counties with at least 50 applications, by originations.
VA-guaranteed loans by month
All VA loansPurchase
| Month | All | Purchase | Cash-out | IRRRL |
|---|---|---|---|---|
| Aug 2026 | 0 | 0 | 0 | 0 |
| Jul 2026 | 0 | 0 | 0 | 0 |
| Jun 2026 | 0 | 0 | 0 | 0 |
| May 2026 | 0 | 0 | 0 | 0 |
| Apr 2026 | 0 | 0 | 0 | 0 |
| Mar 2026 | 0 | 0 | 0 | 0 |
| Feb 2026 | 0 | 0 | 0 | 0 |
| Jan 2026 | 0 | 0 | 0 | 0 |
| Dec 2025 | 0 | 0 | 0 | 0 |
| Nov 2025 | 0 | 0 | 0 | 0 |
| Oct 2025 | 1 | 1 | 0 | 0 |
| Sep 2025 | 0 | 0 | 0 | 0 |
Fiscal-year totals (VA): FY2018 27,130,749 · FY2019 14,419,171 · FY2020 15,289,953 · FY2021 20,258,055 · FY2022 19,909,039 · FY2023 3,275,187 · FY2024 5,160,896 · FY2025 3,979,667. Matched to the VA lender name "SIERRA PACIFIC MORTGAGE CO INC"; VA counts loans by guarantee date, HMDA by application year, so the two series differ.
Questions and answers
How many mortgages did Sierra Pacific Mortgage Co. Inc originate in 2024?
7,598 loans totalling $2.7bn, from 10,557 applications reported under HMDA. It also purchased 646 loans from other institutions, which are counted separately.
What is Sierra Pacific Mortgage Co. Inc's denial rate and how does it compare?
14.2% of decided applications were denied in 2024, against 24.3% nationally and 24.8% in California. 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.
Which counties does Sierra Pacific Mortgage Co. Inc lend in most?
By originations: Kern County, CA (314), Sedgwick County, KS (308), Los Angeles County, CA (266), Sacramento County, CA (236) and Fresno County, CA (185).
What loan types does Sierra Pacific Mortgage Co. Inc make?
Conventional 5,150, FHA 1,841, VA 489 and USDA 118 originations in 2024; by purpose, home purchase 6,388, home improvement 174, refinancing 400, cash-out refinancing 568 and other purpose 68.
What reasons did Sierra Pacific Mortgage Co. Inc report for denials?
The first denial reason recorded most often was insufficient cash (downpayment, closing costs) (299), employment history (227) and debt-to-income ratio (201), as coded by the lender in its HMDA filing.
Where does this data come from?
From the 2024 public HMDA loan/application register published by the FFIEC and CFPB, with the lender's name from its HMDA transmittal sheet and VA loan volume from the Department of Veterans Affairs lender statistics. Cells under 25 applications are withheld.
Provenance
Source: Home Mortgage Disclosure Act public loan/application register for 2024 (trend years 2022, 2023, 2024) and transmittal sheets 2018–2024, published by the FFIEC and CFPB at ffiec.cfpb.gov, public domain; VA lender statistics from the Department of Veterans Affairs. Lender identity is the LEI and name on its transmittal sheet. This site was built 30 Sep 2026. Errors in processing are corrected at the next build; see corrections. Data through 1 Aug 2026.