Bay Capital Mortgage at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
58th8.0% deniedPricingmedian rate spread over APOR, weight 30%
68th0.13 ptsProcesswithdrawn + incomplete share, weight 15%
40th13.7%Closing coststotal loan costs ÷ loan amount, weight 10%
35th2.32% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 990 | 781 | 5.2% | 6.1% | 6.50% | $284M |
| 2024 | 1,059 | 842 | 5.4% | 6.3% | 6.50% | $307M |
| 2025 | 911 | 722 | 6.9% | 8.0% | 6.50% | $282M |
What Bay Capital Mortgage lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 2 reverse mortgages, 2 manufactured homes, 27 investment properties.
Why Bay Capital Mortgage denies applications
Primary reason reported for each of the 63 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Bay Capital Mortgage
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 26 | 20 | 4.8% |
| $50k – $100k | 283 | 220 | 8.3% |
| $100k – $150k | 246 | 195 | 8.8% |
| $150k – $250k | 227 | 182 | 9.0% |
| Over $250k | 113 | 92 | 4.2% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 62 | 50 | 5.7% |
| 25–34 | 280 | 224 | 8.2% |
| 35–44 | 192 | 160 | 8.1% |
| 45–54 | 132 | 106 | 8.6% |
| 55–64 | 140 | 103 | 9.7% |
| 65–74 | 71 | 61 | 3.2% |
| Over 74 | 34 | 18 | 13.6% |
Where Bay Capital Mortgage lends
11 states and 76 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Maryland | 739 | 591 | 7.3% | 6.49% | #66 |
| Pennsylvania | 80 | 63 | 6.3% | 6.50% | #406 |
| Florida | 40 | 30 | 0.0% | 6.63% | #631 |
| Virginia | 20 | 13 | 5.0% | 6.50% | #488 |
| Delaware | 15 | 12 | 6.7% | 6.43% | #202 |
| North Carolina | 5 | 5 | 0.0% | 7.00% | #721 |
Frequently asked questions
Bay Capital Mortgage denied 8.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 58th percentile of small mortgage lenders.
The most common reason Bay Capital Mortgage gave in 2025 was "incomplete application", cited on 46.0% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Bay Capital Mortgage originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was 0.13 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 87% of its applications were for home purchases, 13% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 63% conventional, 19% FHA, 15% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.