Lenders › Wells Fargo Bank NA › California
Wells Fargo Bank NA 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.
Wells Fargo Bank NA's 2024 HMDA record for California covers 13,357 applications, 6,910 of them originated, worth $12bn.
Its denial rate in the state was 23.1%, close to the California rate of 24.8% across all lenders and compared with the lender's national rate of 31.7%.
The median rate spread on its California originations was -0.2 percentage points (state median 0.4).
Applications in the state were down 10% on 2023.
Compared with the state and the lender's national record
| Measure | In California | California, all lenders | Wells Fargo Bank NA, all states | United States |
|---|---|---|---|---|
| Denial rate | 23.1% | 24.8% | 31.7% | 24.3% |
| Median rate spread, pp | -0.2 | 0.4 | -0.0 | 0.3 |
| Originations with spread of 1.5 pp or more | 0.7% | 19.9% | 2.2% | 15.6% |
| Average originated loan | $1.7m | $566k | $1.0m | $329k |
| Home purchase share | 74.3% | 51.2% | 66.4% | 57.0% |
| FHA-insured share | 0.7% | 11.4% | 2.3% | 13.4% |
| VA-guaranteed share | 0.3% | 4.8% | 2.1% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateCalifornia, all lenders
Loan purpose and loan type in California
By purpose
Home purchase 74% (5,131)Home improvement 2% (147)Refinancing 13% (867)Cash-out refinancing 8% (524)Other purpose 3% (241)
By type
Conventional 99% (6,835)FHA 1% (51)VA 0% (24)
Denial reasons as coded
Share of 2,086 denials in California by first denial reason coded (outlined bar: all lenders in the state).
Counties in California
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Santa Clara County | 2,415 | 1,498 | $2.5bn | 10.0% |
| Los Angeles County | 2,188 | 985 | $1.4bn | 30.2% |
| Alameda County | 1,089 | 612 | $664m | 14.3% |
| San Mateo County | 698 | 469 | $728m | 9.4% |
| Orange County | 937 | 450 | $1.2bn | 25.0% |
| San Diego County | 884 | 430 | $3.1bn | 25.0% |
| Contra Costa County | 631 | 363 | $402m | 17.1% |
| San Francisco County | 562 | 355 | $668m | 12.0% |
| Riverside County | 686 | 266 | $124m | 38.2% |
| Marin County | 311 | 217 | $297m | 13.8% |
| San Bernardino County | 434 | 154 | $60m | 42.2% |
| Sacramento County | 324 | 148 | $176m | 32.4% |
| Placer County | 181 | 99 | $70m | 19.2% |
| Sonoma County | 151 | 87 | $64m | 25.0% |
| Fresno County | 176 | 70 | $20m | 41.8% |
| San Joaquin County | 171 | 68 | $58m | 29.9% |
| Ventura County | 141 | 57 | $51m | 28.9% |
| Kern County | 171 | 55 | $29m | 53.8% |
| Santa Cruz County | 88 | 52 | $44m | 17.2% |
| Monterey County | 114 | 50 | $42m | 31.1% |
| El Dorado County | 93 | 46 | $33m | 29.2% |
| Stanislaus County | 90 | 38 | $51m | 42.4% |
| Santa Barbara County | 94 | 37 | $52m | 39.3% |
| Solano County | 72 | 36 | $18m | 26.5% |
| Nevada County | 35 | 26 | $21m | 13.3% |
| San Luis Obispo County | 60 | 25 | $18m | 30.6% |
| Yolo County | 44 | 23 | $10m | 23.3% |
| Tulare County | 84 | 22 | $5.0m | 65.1% |
| Napa County | 42 | 19 | $24m | 40.6% |
| Butte County | 25 | 15 | $4.5m | — |
| Imperial County | 36 | 14 | $2.9m | 50.0% |
| Merced County | 38 | 11 | $3.5m | 52.0% |
| Kings County | 25 | 11 | $2.9m | — |
| Madera County | 37 | 8 | $2.1m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Wells Fargo Bank NA originate in California in 2024?
6,910 loans totalling $12bn, from 13,357 applications reported for properties in California.
What is Wells Fargo Bank NA's denial rate in California?
23.1% of decided applications in California were denied, against 24.8% for all lenders in the state and 31.7% 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 Wells Fargo Bank NA lend in most?
By originations: Santa Clara County (1,498), Los Angeles County (985), Alameda County (612), San Mateo County (469), Orange County (450).
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.