Bay Equity in Virginia vs the state
1.9%Denial rate-14.09 pts vs state
2.5%Decision denial rate-17.71 pts vs state
70.1%Origination rate+10.59 pts vs state
6.63%Median rate0.00 pts vs state
0.08Rate spread (pts)-0.14 pts vs state
$158kMedian applicant income
190Loans originated
5Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 481 | 372 | 3.7% | 6.50% | #107 |
| 2024 | 495 | 379 | 0.8% | 6.63% | #110 |
| 2025 | 271 | 190 | 1.9% | 6.63% | #174 |
What Bay Equity lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Bay Equity applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Fairfax County | 81 | 58 | 1 | 1.2% |
| Loudoun County | 30 | 26 | 1 | 3.3% |
| Prince William County | 28 | 20 | 1 | 3.6% |
| Arlington County | 17 | 14 | 0 | 0.0% |
| Alexandria city | 17 | 7 | 0 | 0.0% |
| Stafford County | 15 | 10 | 0 | 0.0% |
| Spotsylvania County | 8 | 4 | 0 | 0.0% |
| Fairfax city | 6 | 4 | 0 | 0.0% |
| Richmond city | 6 | 4 | 0 | 0.0% |
| Warren County | 5 | 3 | 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: 271 applications in 2025, of which 190 were originated and 5 denied.
1.9% of all applications, or 2.5% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Bay Equity originated in Virginia 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 Virginia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology