Lender market
California lender market — real originations 14 lenders, HMDA 2025
These are real mortgage lenders and the rates they actually charged on home-purchase loans they closed in California in 2025, computed from the Home Mortgage Disclosure Act public dataset published by the CFPB. Nothing here is invented.
Every figure below is restricted to 30-year fixed-rate, primary residence, site-built single family, consumer purpose. That restriction matters more than it sounds. The unfiltered data mixes adjustable-rate loans with fixed, 15-year with 30-year, investment property with owner-occupied, and manufactured with site-built homes — all of which carry structurally different rates.
Blending them understates a fixed rate. In this dataset the adjustable-rate loans alone pulled the blended median from 6.5% down to 6.375%, and two large banks looked half a percentage point cheaper than they are on a 30-year fixed loan. So we compare like with like and say so.
Statewide there were 257,970 purchase originations in California in 2025; the lenders below account for 108,551 of them before the product filter above is applied. A lender/product cell is shown only where at least 50 loans closed, so thin samples are omitted rather than reported as an unstable median. Percentages for points and credits count only records where the field is reportable — a blank means the charge was not made and counts as zero, while "NA" means the field does not apply to that loan and is excluded.
Conventional — what these lenders actually charged 14 lenders · spread 5%–6.875%
| Lender | Loans closed in CA | Median rate | Typical range (25th–75th) | Median total loan costs | Paid points | Got lender credit |
|---|---|---|---|---|---|---|
| LENNAR MORTGAGE, LLC LEI 549300H3IZO24NSOO931 |
2,910 | 5.000% | 4.75% – 5.99% | $6,457 | 79.9% (median $12,055) | 29.1% (median $70) |
| Wells Fargo Bank, National Association LEI KB1H1DSPRFMYMCUFXT09 |
1,870 | 6.250% | 6% – 6.625% | $7,821 | 28.4% (median $2,599) | 92.1% (median $1,088) |
| Bank of America, National Association LEI B4TYDEB6GKMZO031MB27 |
1,542 | 6.250% | 5.875% – 6.625% | $6,899 | 50.4% (median $2,534) | 61% (median $875) |
| JPMorgan Chase Bank, National Association LEI 7H6GLXDRUGQFU57RNE97 |
3,080 | 6.500% | 6.125% – 6.75% | $6,132 | 61.2% (median $3,282) | 23.7% (median $275) |
| U.S. Bank National Association LEI 6BYL5QZYBDK8S7L73M02 |
1,926 | 6.500% | 6.125% – 6.875% | $6,510 | 47.5% (median $2,262) | 87.2% (median $1,024) |
| KIND LENDING, LLC LEI 549300MZ8VZJOVC63092 |
2,291 | 6.500% | 6% – 6.875% | $7,366 | 36.1% (median $2,351) | 30% (median $1,917) |
| Loandepot.Com, LLC LEI 549300AG64NHILB7ZP05 |
1,993 | 6.500% | 5.99% – 6.875% | $7,029 | 54.3% (median $5,494) | 43.2% (median $495) |
| GUARANTEED RATE, INC. LEI 549300U3721PJGQZYY68 |
2,288 | 6.575% | 6.25% – 6.875% | $7,620 | 42.7% (median $3,768) | 29.7% (median $371) |
| PENNYMAC LOAN SERVICES, LLC LEI RVDPPPGHCGZ40J4VQ731 |
2,759 | 6.624% | 6.375% – 6.875% | $9,031 | 41.8% (median $2,756) | 58.1% (median $2,159) |
| UNITED SHORE FINANCIAL SERVICES, LLC LEI 549300HW662MN1WU8550 |
17,108 | 6.625% | 6.375% – 6.999% | $8,942 | 52.7% (median $3,229) | 43.9% (median $1,000) |
| Rocket Mortgage, LLC LEI 549300FGXN1K3HLB1R50 |
10,729 | 6.625% | 6.375% – 6.875% | $7,214 | 46.7% (median $2,867) | 7.2% (median $1,186) |
| THE LOAN STORE, INC. LEI 254900DTLHVWQ7NP7R34 |
2,873 | 6.625% | 6.125% – 6.875% | $7,608 | 44.5% (median $2,500) | 45% (median $1,041) |
| CROSSCOUNTRY MORTGAGE, INC. LEI 549300VZVN841I2ILS84 |
3,774 | 6.850% | 6.5% – 7.05% | $8,719 | 58.6% (median $4,783) | 31.8% (median $204) |
| OCMBC, INC. LEI 549300J7I82PNDVU8H22 |
1,826 | 6.875% | 6.5% – 7.499% | $15,009 | 42.3% (median $2,616) | 42.2% (median $3,227) |
Median total loan costs come from the Closing Disclosure and include discount points. FHA figures run higher because FHA's 1.75% upfront mortgage-insurance premium is part of that total.
FHA — what these lenders actually charged 13 lenders · spread 4.875%–6.25%
| Lender | Loans closed in CA | Median rate | Typical range (25th–75th) | Median total loan costs | Paid points | Got lender credit |
|---|---|---|---|---|---|---|
| LENNAR MORTGAGE, LLC LEI 549300H3IZO24NSOO931 |
1,312 | 4.875% | 4.25% – 5.5% | $15,391 | 86.1% (median $13,862) | 35.9% (median $90) |
| Wells Fargo Bank, National Association LEI KB1H1DSPRFMYMCUFXT09 |
50 | 5.875% | 5.656% – 6.125% | $17,802 | 60% (median $5,186) | 100% (median $573) |
| U.S. Bank National Association LEI 6BYL5QZYBDK8S7L73M02 |
154 | 5.875% | 5.625% – 6.125% | $16,710 | 56.5% (median $4,809) | 80.5% (median $1,015) |
| Loandepot.Com, LLC LEI 549300AG64NHILB7ZP05 |
858 | 5.990% | 5.49% – 6.375% | $16,259 | 73.5% (median $11,092) | 37.3% (median $224) |
| UNITED SHORE FINANCIAL SERVICES, LLC LEI 549300HW662MN1WU8550 |
6,548 | 6.125% | 5.75% – 6.49% | $18,033 | 60% (median $2,973) | 51.2% (median $1,054) |
| Rocket Mortgage, LLC LEI 549300FGXN1K3HLB1R50 |
2,084 | 6.125% | 5.75% – 6.375% | $16,970 | 43.1% (median $2,236) | 12.8% (median $1,284) |
| JPMorgan Chase Bank, National Association LEI 7H6GLXDRUGQFU57RNE97 |
66 | 6.125% | 5.75% – 6.49% | $10,774 | 78.8% (median $3,584) | 22.7% (median $1,532) |
| PENNYMAC LOAN SERVICES, LLC LEI RVDPPPGHCGZ40J4VQ731 |
639 | 6.125% | 5.875% – 6.499% | $17,448 | 53.8% (median $4,418) | 59.2% (median $1,266) |
| KIND LENDING, LLC LEI 549300MZ8VZJOVC63092 |
1,509 | 6.125% | 5.875% – 6.5% | $16,164 | 48.7% (median $2,127) | 38% (median $2,019) |
| CROSSCOUNTRY MORTGAGE, INC. LEI 549300VZVN841I2ILS84 |
805 | 6.240% | 5.99% – 6.575% | $18,289 | 64.1% (median $4,734) | 38.1% (median $165) |
| THE LOAN STORE, INC. LEI 254900DTLHVWQ7NP7R34 |
447 | 6.250% | 5.99% – 6.375% | $16,218 | 48.3% (median $2,322) | 61.3% (median $1,356) |
| OCMBC, INC. LEI 549300J7I82PNDVU8H22 |
1,545 | 6.250% | 6% – 6.5% | $19,148 | 52.5% (median $2,297) | 45.9% (median $2,620) |
| GUARANTEED RATE, INC. LEI 549300U3721PJGQZYY68 |
551 | 6.250% | 5.99% – 6.5% | $16,662 | 60.8% (median $3,566) | 37.6% (median $200) |
Median total loan costs come from the Closing Disclosure and include discount points. FHA figures run higher because FHA's 1.75% upfront mortgage-insurance premium is part of that total.
VA — what these lenders actually charged 12 lenders · spread 4.933%–6.25%
| Lender | Loans closed in CA | Median rate | Typical range (25th–75th) | Median total loan costs | Paid points | Got lender credit |
|---|---|---|---|---|---|---|
| LENNAR MORTGAGE, LLC LEI 549300H3IZO24NSOO931 |
474 | 4.933% | 4.406% – 5.375% | $5,903 | 84.6% (median $14,199) | 29.5% (median $62) |
| JPMorgan Chase Bank, National Association LEI 7H6GLXDRUGQFU57RNE97 |
55 | 5.875% | 5.5% – 6.125% | $3,934 | 81.8% (median $3,621) | 41.8% (median $2,000) |
| Loandepot.Com, LLC LEI 549300AG64NHILB7ZP05 |
326 | 5.875% | 5.375% – 6.25% | $13,227 | 61.8% (median $9,687) | 46.2% (median $179) |
| Rocket Mortgage, LLC LEI 549300FGXN1K3HLB1R50 |
751 | 5.990% | 5.75% – 6.25% | $9,680 | 53.4% (median $3,017) | 4.5% (median $1,229) |
| PENNYMAC LOAN SERVICES, LLC LEI RVDPPPGHCGZ40J4VQ731 |
424 | 5.999% | 5.625% – 6.125% | $11,366 | 46.5% (median $3,400) | 54.5% (median $1,348) |
| U.S. Bank National Association LEI 6BYL5QZYBDK8S7L73M02 |
87 | 6.000% | 5.75% – 6.25% | $9,044 | 50.6% (median $2,820) | 90.8% (median $1,154) |
| UNITED SHORE FINANCIAL SERVICES, LLC LEI 549300HW662MN1WU8550 |
2,481 | 6.124% | 5.75% – 6.25% | $7,840 | 55.1% (median $3,324) | 39.9% (median $166) |
| KIND LENDING, LLC LEI 549300MZ8VZJOVC63092 |
287 | 6.125% | 5.99% – 6.25% | $8,799 | 48.1% (median $2,615) | 32.8% (median $751) |
| OCMBC, INC. LEI 549300J7I82PNDVU8H22 |
130 | 6.125% | 5.875% – 6.5% | $9,075 | 70% (median $2,616) | 30% (median $947) |
| GUARANTEED RATE, INC. LEI 549300U3721PJGQZYY68 |
248 | 6.125% | 5.75% – 6.25% | $5,035 | 50.8% (median $3,437) | 30.6% (median $158) |
| CROSSCOUNTRY MORTGAGE, INC. LEI 549300VZVN841I2ILS84 |
470 | 6.188% | 5.99% – 6.5% | $9,816 | 58.3% (median $5,101) | 31.9% (median $181) |
| THE LOAN STORE, INC. LEI 254900DTLHVWQ7NP7R34 |
159 | 6.250% | 5.99% – 6.375% | $13,106 | 45.9% (median $2,800) | 37.7% (median $700) |
Median total loan costs come from the Closing Disclosure and include discount points. FHA figures run higher because FHA's 1.75% upfront mortgage-insurance premium is part of that total.
Why no lender is "connected"
Live pricing requires an executed data agreement with each lender — wholesale rate sheets are confidential to contracted brokers. Hearthline has none, so it does not display live lender pricing and does not pretend to. What it can show is the public record of what these lenders actually did.
Per the build spec, a lender becomes active only after legal-entity and licensing verification, contract review, channel and state configuration, credential setup, security and privacy review, integration testing and operational acceptance — never because a rate sheet exists.