Sierra Pacific Mortgage Co. Inc
Folsom, CA
Sierra Pacific Mortgage Co. Inc processed 11,222 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 7,598 loans with a 11.3% denial rate. Home Purchase was the primary loan purpose. Based in Folsom, CA. The approval rate of 67.7% 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. Sierra Pacific Mortgage Co. Inc processed 11,222 HMDA-reported mortgage applications in 2024, originating 7,598 loans and denying 1,269 for a denial rate of 11.3% (applicants themselves withdrew 1,499 files before a decision). The average loan amount was $358,859 at a 6.625% average note rate, and applicants self-reported an average income of $40,000. The lender reports under LEI 254900TTZ395IC926125 from Folsom, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Sierra Pacific Mortgage Co. Inc's 67.7% origination rate tells you how often an application turned into funded money; the 11.3% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Unverifiable information, Insufficient cash, Employment history, which together explain the majority of rejections. Most activity concentrated in Conventional loans (7,729 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.
Lending Activity
| Type | Applications | Originated | Denied | Avg Loan |
|---|---|---|---|---|
| Conventional | 7,729 | 5,150 | 826 | $355,538 |
| FHA | 2,618 | 1,841 | 350 | $365,600 |
| VA | 695 | 489 | 70 | $405,734 |
| USDA | 180 | 118 | 23 | $222,444 |
Top loan types — Sierra Pacific Mortgage Co. Inc
Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Sierra Pacific Mortgage Co. Inc (LEI: 254900TTZ395IC926125) · 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
Loan Purpose Breakdown
| Purpose | Applications | Originated | Avg Loan |
|---|---|---|---|
| Home Purchase | 9,208 | 6,388 | $369,908 |
| Cash-out Refinancing | 961 | 568 | $303,928 |
| Refinancing | 672 | 400 | $390,789 |
| Home Improvement | 253 | 174 | $219,190 |
| Other | 128 | 68 | $84,922 |
Geographic Coverage — Lending by Race
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 6,627 | 72.3% | 12.1% |
| Asian | 917 | 70.2% | 11.6% |
| Black or African American | 531 | 67.0% | 15.4% |
| Joint | 210 | 73.8% | 12.4% |
| American Indian or Alaska Native | 100 | 76.0% | 8.0% |
| Native Hawaiian or Other Pacific Islander | 23 | 69.6% | 17.4% |
| 2 or more minority races | 11 | 81.8% | 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 | 6,235 | 72.5% | 11.6% |
| Hispanic or Latino | 2,192 | 69.7% | 14.0% |
| Joint | 311 | 75.6% | 11.9% |
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
Bank of America NA
Westlake Village, CA
AmeriHome Mortgage Company, LLC
Thousand Oaks, CA
LOANDEPOT.COM, LLC
IRVINE, CA
NEW AMERICAN FUNDING, LLC.
TUSTIN, CA
Mortgage Lending Guides
Frequently Asked Questions
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How does Sierra Pacific Mortgage Co. Inc compare in lending across racial demographics?
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.