Bay Equity in South Carolina vs the state
5.6%Denial rate-12.75 pts vs state
7.8%Decision denial rate-15.63 pts vs state
65.3%Origination rate+8.67 pts vs state
6.62%Median rate+0.12 pts vs state
0.08Rate spread (pts)-0.14 pts vs state
$108kMedian applicant income
47Loans originated
4Denied
Trend in South Carolina
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 170 | 109 | 8.8% | 6.63% | #183 |
| 2024 | 149 | 87 | 6.0% | 6.49% | #200 |
| 2025 | 72 | 47 | 5.6% | 6.62% | #292 |
What Bay Equity lends in South Carolina
By loan purpose
By loan type
Why it denied South Carolina applicants
Where in South Carolina
Counties with the most Bay Equity applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Spartanburg County | 14 | 8 | 0 | 0.0% |
| Greenville County | 13 | 10 | 1 | 7.7% |
| Horry County | 12 | 6 | 0 | 0.0% |
| Berkeley County | 4 | 1 | 2 | 50.0% |
| Anderson County | 4 | 3 | 0 | 0.0% |
| Richland County | 4 | 3 | 0 | 0.0% |
| Dorchester County | 4 | 3 | 0 | 0.0% |
| Lexington County | 4 | 2 | 0 | 0.0% |
| York County | 4 | 4 | 0 | 0.0% |
| Charleston County | 3 | 2 | 0 | 0.0% |
Other large lenders in South Carolina
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Rocket Mortgage | C | 13,403 | 16.8% | 6.63% |
| Vanderbilt Mortgage and Finance | F | 12,272 | 40.7% | 6.50% |
| United Shore Financial Services | B | 9,236 | 12.8% | 6.13% |
| 21st Mortgage | F | 6,510 | 48.2% | 10.41% |
| Dhi Mortgage Company | B | 6,184 | 17.4% | 4.99% |
| Navy Federal Credit Union | D | 5,424 | 21.2% | 7.50% |
| First-Citizens Bank & Trust | B | 5,399 | 20.9% | 6.38% |
| Freedom Mortgage | B | 5,296 | 7.3% | 6.25% |
| Mortgage Research Center | C | 5,189 | 19.1% | 6.25% |
| Bank of America | F | 5,009 | 33.1% | 6.24% |
Frequently asked questions
South Carolina: 72 applications in 2025, of which 47 were originated and 4 denied.
5.6% of all applications, or 7.8% of the applications it actually decided on. The South Carolina statewide average across all lenders was 18.3%.
The median rate on loans Bay Equity originated in South Carolina in 2025 was 6.62%, against a statewide median of 6.50%.
About this data. Figures are Bay Equity's own HMDA filing for properties located in South Carolina, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology