PlainLender

FUNDLOANS CAPITAL

SAN DIEGO, CA

FUNDLOANS CAPITAL processed 1,761 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 985 loans with a 7.8% denial rate. Cash-out Refinancing was the primary loan purpose. Based in SAN DIEGO, CA. The approval rate of 55.9% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. FUNDLOANS CAPITAL processed 1,761 HMDA-reported mortgage applications in 2024, originating 985 loans and denying 137 for a denial rate of 7.8% (applicants themselves withdrew 620 files before a decision). The average loan amount was $883,240 at a 8.664% average note rate, and applicants self-reported an average income of $38,000. The lender reports under LEI 549300A68YW07V5R5G22 from SAN DIEGO, CA.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. FUNDLOANS CAPITAL's 55.9% origination rate tells you how often an application turned into funded money; the 7.8% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Other, Debt-to-income ratio, Unverifiable information, which together explain the majority of rejections. Most activity concentrated in Conventional loans (1,761 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

1,761
Applications
985
Originated
7.8%
Denial Rate
$883,240
Avg Loan Amount
Avg Interest Rate: 8.664% Avg Applicant Income: $38,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,761 985 137 $883,240

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for FUNDLOANS CAPITAL (LEI: 549300A68YW07V5R5G22) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Other
45
Debt-to-income ratio
44
Unverifiable information
39
Collateral
26
Credit history
25
Credit application incomplete
6
Employment history
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Cash-out Refinancing 960 538 $633,854
Home Purchase 533 303 $1,139,747
Refinancing 171 78 $1,632,135
Home Improvement 97 66 $621,701

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 968 56.3% 7.8%
Asian 151 50.3% 7.3%
Black or African American 79 48.1% 6.3%
Joint 24 58.3% 16.7%
American Indian or Alaska Native 14 57.1% 0.0%
Native Hawaiian or Other Pacific Islander 9 44.4% 0.0%
2 or more minority races 3 66.7% 0.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 995 54.7% 7.5%
Hispanic or Latino 257 55.6% 9.3%
Joint 24 66.7% 4.2%

Nearby Lenders in CA

Other HMDA-reporting lenders in CA with similar activity. Compare any two side-by-side.

PENNYMAC LOAN SERVICES LLC

WESTLAKE VILLAGE, CA

384,816 apps 67,294 originated 4.7% denied

Bank of America NA

Westlake Village, CA

233,637 apps 83,165 originated 34.6% denied

AmeriHome Mortgage Company, LLC

Thousand Oaks, CA

149,937 apps 6,250 originated 0.8% denied

LOANDEPOT.COM, LLC

IRVINE, CA

142,924 apps 79,418 originated 23.3% denied

NEW AMERICAN FUNDING, LLC.

TUSTIN, CA

118,479 apps 48,639 originated 11.1% denied
Compare FUNDLOANS CAPITAL vs PENNYMAC LOAN SERVICES LLC →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Frequently Asked Questions

How many mortgage applications did FUNDLOANS CAPITAL process?
FUNDLOANS CAPITAL processed 1,761 mortgage applications in the 2023 HMDA reporting year. Of these, 985 were originated (approved and funded), 620 were withdrawn by the applicant, and 137 were denied.
What is FUNDLOANS CAPITAL's mortgage approval rate?
FUNDLOANS CAPITAL has an approval (origination) rate of 55.9%, meaning 55.9% of all applications resulted in a funded mortgage. The denial rate is 7.8%.
What is the average loan amount at FUNDLOANS CAPITAL?
The average mortgage loan amount at FUNDLOANS CAPITAL is $883,240. The average interest rate is 8.664%. The average applicant income is $38,000.
What are the most common reasons for mortgage denial at FUNDLOANS CAPITAL?
The most common reasons for mortgage denial at FUNDLOANS CAPITAL are: Other, Debt-to-income ratio, Unverifiable information. In total, 137 applications were denied out of 1,761 total applications.
What types of mortgage loans does FUNDLOANS CAPITAL offer?
FUNDLOANS CAPITAL processes Conventional loans. The most common type is Conventional with 1,761 applications and an average loan amount of $883,240.
What loan purposes does FUNDLOANS CAPITAL serve?
FUNDLOANS CAPITAL serves the following loan purposes: Cash-out Refinancing (960 applications), Home Purchase (533 applications), Refinancing (171 applications), Home Improvement (97 applications). Cash-out Refinancing is the most common purpose.
Where is FUNDLOANS CAPITAL located?
FUNDLOANS CAPITAL is headquartered in SAN DIEGO, CA. The lender is identified by LEI 549300A68YW07V5R5G22 in HMDA data.
How does FUNDLOANS CAPITAL compare in lending across racial demographics?
FUNDLOANS CAPITAL reports demographic lending data under HMDA requirements. White applicants have an approval rate of 56.3% and denial rate of 7.8%; Asian applicants have an approval rate of 50.3% and denial rate of 7.3%; Black or African American applicants have an approval rate of 48.1% and denial rate of 6.3%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.