Bay Equity in Georgia vs the state
5.7%Denial rate-13.56 pts vs state
9.3%Decision denial rate-15.79 pts vs state
55.4%Origination rate+1.26 pts vs state
6.49%Median rate-0.13 pts vs state
0.07Rate spread (pts)-0.20 pts vs state
$131kMedian applicant income
88Loans originated
9Denied
Trend in Georgia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 516 | 339 | 4.1% | 6.49% | #128 |
| 2024 | 424 | 262 | 3.3% | 6.56% | #153 |
| 2025 | 159 | 88 | 5.7% | 6.49% | #275 |
What Bay Equity lends in Georgia
By loan purpose
By loan type
Why it denied Georgia applicants
Where in Georgia
Counties with the most Bay Equity applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fulton County | 31 | 19 | 3 | 9.7% |
| Cobb County | 27 | 15 | 1 | 3.7% |
| Gwinnett County | 19 | 7 | 0 | 0.0% |
| DeKalb County | 18 | 10 | 1 | 5.6% |
| Henry County | 11 | 2 | 1 | 9.1% |
| Cherokee County | 8 | 7 | 0 | 0.0% |
| Hall County | 7 | 6 | 0 | 0.0% |
| Forsyth County | 5 | 4 | 0 | 0.0% |
| Clayton County | 4 | 2 | 0 | 0.0% |
| Chatham County | 4 | 3 | 1 | 25.0% |
Other large lenders in Georgia
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 29,845 | 18.2% | 6.63% |
| United Shore Financial Services | B | 23,784 | 12.6% | 6.25% |
| Navy Federal Credit Union | D | 12,388 | 26.4% | 7.95% |
| Truist Bank | C | 10,563 | 38.7% | 6.49% |
| Pennymac Loan Services | C | 10,273 | 11.6% | 6.49% |
| Broker Solutions | D | 9,709 | 8.6% | 6.63% |
| Mortgage Research Center | C | 9,443 | 19.8% | 6.25% |
| Freedom Mortgage | B | 9,293 | 9.1% | 6.25% |
| Bank of America | F | 9,168 | 36.5% | 6.24% |
| Ameris Bank | B | 8,065 | 10.1% | 6.50% |
Frequently asked questions
Georgia: 159 applications in 2025, of which 88 were originated and 9 denied.
5.7% of all applications, or 9.3% of the applications it actually decided on. The Georgia statewide average across all lenders was 19.2%.
The median rate on loans Bay Equity originated in Georgia in 2025 was 6.49%, against a statewide median of 6.63%.
About this data. Figures are Bay Equity's own HMDA filing for properties located in Georgia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology