Bay Capital Mortgage in Virginia vs the state
5.0%Denial rate-10.94 pts vs state
7.1%Decision denial rate-13.11 pts vs state
65.0%Origination rate+5.48 pts vs state
6.50%Median rate-0.13 pts vs state
0.11Rate spread (pts)-0.11 pts vs state
$146kMedian applicant income
13Loans originated
1Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 15 | 14 | 0.0% | 6.50% | #507 |
| 2024 | 18 | 10 | 5.6% | 6.63% | #490 |
| 2025 | 20 | 13 | 5.0% | 6.50% | #488 |
What Bay Capital Mortgage lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Bay Capital Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Alexandria city | 3 | 0 | 0 | 0.0% |
| Loudoun County | 3 | 3 | 0 | 0.0% |
| Westmoreland County | 2 | 2 | 0 | 0.0% |
| Virginia Beach city | 2 | 2 | 0 | 0.0% |
| Spotsylvania County | 2 | 2 | 0 | 0.0% |
| Prince William County | 2 | 1 | 0 | 0.0% |
| Richmond city | 1 | 1 | 0 | 0.0% |
| King George County | 1 | 0 | 0 | 0.0% |
| Louisa County | 1 | 0 | 1 | 100.0% |
| Frederick County | 1 | 1 | 0 | 0.0% |
Other large lenders in Virginia
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Navy Federal Credit Union | D | 19,395 | 19.3% | 7.75% |
| Rocket Mortgage | C | 19,274 | 14.8% | 6.63% |
| United Shore Financial Services | B | 13,994 | 10.4% | 6.12% |
| Truist Bank | C | 11,838 | 31.6% | 6.49% |
| Mortgage Research Center | C | 9,000 | 16.7% | 6.25% |
| Pennymac Loan Services | C | 8,334 | 10.7% | 6.38% |
| Freedom Mortgage | B | 8,029 | 6.5% | 6.25% |
| Bank of America | F | 6,584 | 31.9% | 6.24% |
| Newrez | D | 6,390 | 16.4% | 6.38% |
| Movement Mortgage | A | 6,126 | 4.3% | 6.56% |
Frequently asked questions
Virginia: 20 applications in 2025, of which 13 were originated and 1 denied.
5.0% of all applications, or 7.1% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Bay Capital Mortgage originated in Virginia in 2025 was 6.50%, against a statewide median of 6.63%.
About this data. Figures are Bay Capital Mortgage's own HMDA filing for properties located in Virginia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology