Lenders › Lower, LLC › California
Lower, LLC 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, Lower, LLC reported 616 applications and 224 originations for 2024, $95m in all.
Its denial rate in the state was 28.9%, above the California rate of 24.8% across all lenders and compared with the lender's national rate of 12.7%.
The median rate spread on its California originations was 0.3 percentage points (state median 0.4).
Applications in the state were up 159% on 2023.
Compared with the state and the lender's national record
| Measure | In California | California, all lenders | Lower, LLC, all states | United States |
|---|---|---|---|---|
| Denial rate | 28.9% | 24.8% | 12.7% | 24.3% |
| Median rate spread, pp | 0.3 | 0.4 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 23.3% | 19.9% | 7.3% | 15.6% |
| Average originated loan | $425k | $566k | $310k | $329k |
| Home purchase share | 42.4% | 51.2% | 81.3% | 57.0% |
| FHA-insured share | 20.1% | 11.4% | 26.1% | 13.4% |
| VA-guaranteed share | 8.0% | 4.8% | 8.2% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateCalifornia, all lenders
Loan purpose and loan type in California
By purpose
Home purchase 42% (95)Refinancing 5% (12)Cash-out refinancing 52% (117)
By type
Conventional 72% (161)FHA 20% (45)VA 8% (18)
Denial reasons as coded
Share of 94 denials in California by first denial reason coded (outlined bar: all lenders in the state).
Counties in California
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Sacramento County | 54 | 26 | $11m | 10.0% |
| Los Angeles County | 94 | 25 | $14m | 43.2% |
| Riverside County | 63 | 25 | $11m | 28.6% |
| San Diego County | 53 | 19 | $6.1m | 21.4% |
| San Bernardino County | 56 | 16 | $5.4m | 38.5% |
| Kern County | 26 | 14 | $4.1m | — |
| Orange County | 28 | 13 | $6.7m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Lower, LLC originate in California in 2024?
224 loans totalling $95m, from 616 applications reported for properties in California.
What is Lower, LLC's denial rate in California?
28.9% of decided applications in California were denied, against 24.8% for all lenders in the state and 12.7% 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 Lower, LLC lend in most?
By originations: Sacramento County (26), Los Angeles County (25), Riverside County (25), San Diego County (19), San Bernardino County (16).
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.