Mortgage lending in California

572,268 mortgages were originated in California in 2025. Here is what they cost — including the lender fees that never show up in an advertised rate.

Loans originated

572,268

Median rate

6.625%

Median lender fees

$7,107

Median loan amount

$425,000

Median spread over APOR

0.272

Paid discount points

30.7%

Received lender credits

28.2%

Purchases / refinances

45.1% / 36%

Conventional / FHA / VA

84.2% / 10.7% / 5%

Figures are medians of loans actually originated in 2025, as reported under the Home Mortgage Disclosure Act. They describe what borrowers received, not what you would be offered: HMDA contains no credit scores, so these numbers cannot be read as pricing for any individual. Lender fees are reported for 68.1% of loans here — see methodology.

Largest lenders in California

Ranked by loans originated. The fee column is where lenders differ most — it is the money they charged to make the loan, and it is not part of the interest rate.

California year by year

The same measures across every year of filings available. Rates follow the market; fees move for their own reasons.

Counties

52 counties had at least 300 loans in 2025. Smaller counties are left out rather than published from a handful of records.