Bay Equity · Oregon · 2025

Bay Equity in Oregon: approval rate, denial rate and rates (2025)

Bay Equity took 244 mortgage applications in Oregon in 2025, ranking #99 of 700 lenders active in the state. It originated 73.8% of them and denied 3.3% (4.2% of the applications it decided), against a statewide denial rate of 15.3%.

244Applicationsin OR
4.2%Decision denial ratestate 19.2%
6.63%Median ratestate 6.75%
$430,000Median loanstate $275,000
$79MVolume18 counties

Bay Equity in Oregon vs the state

3.3%Denial rate-12.03 pts vs state
4.2%Decision denial rate-14.93 pts vs state
73.8%Origination rate+13.15 pts vs state
6.63%Median rate-0.13 pts vs state
0.12Rate spread (pts)-0.16 pts vs state
$146kMedian applicant income
180Loans originated
8Denied

Trend in Oregon

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232551864.7%6.49%#90
20243252357.4%6.49%#82
20252441803.3%6.63%#99

What Bay Equity lends in Oregon

By loan purpose

Home purchase 229 94% · 1.3% denied
Refinance 6 2% · 33.3% denied
Cash-out refinance 9 4% · 33.3% denied

By loan type

Conventional 179 73% · 4.5% denied
FHA 50 20% · 0.0% denied
VA 15 6% · 0.0% denied

Why it denied Oregon applicants

Debt-to-income ratio 4 50%
Collateral 2 25%
Employment history 2 25%

Where in Oregon

Counties with the most Bay Equity applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Multnomah County 74512 2.7%
Washington County 52370 0.0%
Clackamas County 35254 11.4%
Marion County 21171 4.8%
Lane County 13100 0.0%
Linn County 980 0.0%
Deschutes County 651 16.7%
Yamhill County 640 0.0%
Columbia County 650 0.0%
Jackson County 530 0.0%

Other large lenders in Oregon

LenderGradeApplicationsDenial rateMedian rate
Onpoint Community Credit UnionB 10,71015.7%7.50%
Rocket MortgageC 6,64916.3%6.75%
United Shore Financial ServicesB 6,60010.4%6.25%
Guild MortgageA 6,0342.6%6.55%
U.S. BankD 4,87531.6%7.85%
Umpqua BankC 3,15523.0%7.50%
NewrezD 2,94512.9%6.63%
CMG MortgageA 2,7022.9%6.50%
Pennymac Loan ServicesC 2,64210.2%6.62%
Rogue Credit UnionC 2,51110.2%7.49%

Frequently asked questions

Oregon: 244 applications in 2025, of which 180 were originated and 8 denied.

3.3% of all applications, or 4.2% of the applications it actually decided on. The Oregon statewide average across all lenders was 15.3%.

The median rate on loans Bay Equity originated in Oregon in 2025 was 6.63%, against a statewide median of 6.75%.

About this data. Figures are Bay Equity's own HMDA filing for properties located in Oregon, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology