Bay Equity in Maryland vs the state
4.1%Denial rate-14.75 pts vs state
5.4%Decision denial rate-18.77 pts vs state
71.0%Origination rate+15.33 pts vs state
6.63%Median rate0.00 pts vs state
0.07Rate spread (pts)-0.17 pts vs state
$150kMedian applicant income
368Loans originated
21Denied
Trend in Maryland
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 752 | 539 | 3.9% | 6.49% | #56 |
| 2024 | 860 | 625 | 3.8% | 6.50% | #57 |
| 2025 | 518 | 368 | 4.1% | 6.63% | #85 |
What Bay Equity lends in Maryland
By loan purpose
By loan type
Why it denied Maryland applicants
Where in Maryland
Counties with the most Bay Equity applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Montgomery County | 146 | 110 | 8 | 5.5% |
| Prince George's County | 75 | 48 | 8 | 10.7% |
| Anne Arundel County | 63 | 45 | 2 | 3.2% |
| Baltimore County | 40 | 26 | 1 | 2.5% |
| Frederick County | 40 | 28 | 0 | 0.0% |
| Howard County | 38 | 28 | 0 | 0.0% |
| Baltimore city | 25 | 17 | 1 | 4.0% |
| Charles County | 22 | 15 | 0 | 0.0% |
| Washington County | 14 | 11 | 1 | 7.1% |
| Calvert County | 13 | 5 | 0 | 0.0% |
Other large lenders in Maryland
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 12,806 | 16.8% | 6.63% |
| Navy Federal Credit Union | D | 11,436 | 23.0% | 8.00% |
| United Shore Financial Services | B | 9,307 | 16.0% | 6.13% |
| Truist Bank | C | 6,559 | 34.9% | 6.49% |
| Bank of America | F | 6,051 | 35.8% | 6.24% |
| Newrez | D | 5,739 | 21.0% | 6.63% |
| State Employees Credit Union of Maryland | D | 5,624 | 44.6% | 6.25% |
| PNC Bank | D | 5,582 | 28.0% | 7.41% |
| Manufacturers and Traders Trust | C | 5,497 | 32.0% | 5.99% |
| Pennymac Loan Services | C | 5,411 | 12.4% | 6.49% |
Frequently asked questions
Maryland: 518 applications in 2025, of which 368 were originated and 21 denied.
4.1% of all applications, or 5.4% of the applications it actually decided on. The Maryland statewide average across all lenders was 18.8%.
The median rate on loans Bay Equity originated in Maryland in 2025 was 6.63%, against a statewide median of 6.63%.
About this data. Figures are Bay Equity's own HMDA filing for properties located in Maryland, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology