Lenders › Sofi Bank, National Association › California
Sofi Bank, National Association in California
HMDA record for properties in California, calendar year 2024. National record · California overview
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.
In California, Sofi Bank, National Association reported 1,654 applications and 538 originations for 2024, $227m in all.
Its denial rate in the state was 39.7%, above the California rate of 24.8% across all lenders and compared with the lender's national rate of 30.3%.
The median rate spread on its California originations was 0.9 percentage points (state median 0.4).
Applications in the state were up 146% on 2023.
Compared with the state and the lender's national record
| Measure | In California | California, all lenders | Sofi Bank, National Association, all states | United States |
|---|---|---|---|---|
| Denial rate | 39.7% | 24.8% | 30.3% | 24.3% |
| Median rate spread, pp | 0.9 | 0.4 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 43.9% | 19.9% | 26.1% | 15.6% |
| Average originated loan | $422k | $566k | $317k | $329k |
| Home purchase share | 35.9% | 51.2% | 51.5% | 57.0% |
| FHA-insured share | 4.1% | 11.4% | 9.1% | 13.4% |
| VA-guaranteed share | 1.5% | 4.8% | 5.4% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateCalifornia, all lenders
Loan purpose and loan type in California
By purpose
Home purchase 36% (193)Home improvement 4% (21)Refinancing 10% (54)Cash-out refinancing 19% (101)Other purpose 31% (169)
By type
Conventional 94% (508)FHA 4% (22)VA 1% (8)
Denial reasons as coded
Share of 359 denials in California by first denial reason coded (outlined bar: all lenders in the state).
Counties in California
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Los Angeles County | 334 | 101 | $38m | 45.7% |
| San Diego County | 154 | 45 | $22m | 42.5% |
| Riverside County | 122 | 38 | $10m | 36.7% |
| Sacramento County | 88 | 34 | $17m | 20.9% |
| Alameda County | 83 | 34 | $23m | 28.6% |
| Orange County | 113 | 32 | $13m | 44.8% |
| San Bernardino County | 89 | 27 | $7.3m | 42.9% |
| Santa Clara County | 79 | 23 | $13m | 48.9% |
| Contra Costa County | 66 | 21 | $11m | 30.3% |
| Ventura County | 60 | 21 | $9.8m | 47.5% |
| San Joaquin County | 49 | 15 | $6.3m | — |
| San Francisco County | 31 | 14 | $10m | — |
| Placer County | 36 | 13 | $3.0m | — |
| Fresno County | 29 | 11 | $2.3m | — |
| San Mateo County | 33 | 8 | $6.3m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Sofi Bank, National Association originate in California in 2024?
538 loans totalling $227m, from 1,654 applications reported for properties in California.
What is Sofi Bank, National Association's denial rate in California?
39.7% of decided applications in California were denied, against 24.8% for all lenders in the state and 30.3% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which California counties does Sofi Bank, National Association lend in most?
By originations: Los Angeles County (101), San Diego County (45), Riverside County (38), Sacramento County (34), Alameda County (34).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in California. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.