BayFirst National Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
29th31.7% deniedPricingmedian rate spread over APOR, weight 30%
34th0.30 ptsProcesswithdrawn + incomplete share, weight 15%
83rd6.4%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,025 | 720 | 21.8% | 22.2% | 8.50% | $132M |
| 2024 | 1,123 | 713 | 23.1% | 23.3% | 8.50% | $132M |
| 2025 | 781 | 463 | 29.7% | 31.7% | 7.50% | $86M |
What BayFirst National Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 641 home-equity lines, 0 reverse mortgages, 1 manufactured homes, 12 investment properties.
Why BayFirst National Bank denies applications
Primary reason reported for each of the 232 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at BayFirst National Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 56 | 18 | 64.8% |
| $50k – $100k | 169 | 97 | 34.2% |
| $100k – $150k | 183 | 126 | 24.9% |
| $150k – $250k | 168 | 123 | 19.4% |
| Over $250k | 135 | 91 | 24.6% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 83 | 36 | 48.8% |
| 35–44 | 190 | 107 | 32.6% |
| 45–54 | 205 | 128 | 28.1% |
| 55–64 | 150 | 89 | 33.1% |
| 65–74 | 95 | 69 | 17.2% |
| Over 74 | 43 | 25 | 35.0% |
Where BayFirst National Bank lends
10 states and 31 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Florida | 768 | 463 | 28.7% | 7.50% | #186 |
Frequently asked questions
BayFirst National Bank denied 31.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 29th percentile of home-equity (HELOC) lenders.
The most common reason BayFirst National Bank gave in 2025 was "debt-to-income ratio", cited on 52.6% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans BayFirst National Bank originated in 2025 was 7.50%, and its median rate spread over the average prime offer rate was 0.30 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 8% of its applications were for home purchases, 9% for refinancing (including cash-out), and 83% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.