BAY CAPITAL MORTGAGE CORPORATION closing costs and rates (2024)
In 2024, BAY CAPITAL MORTGAGE CORPORATION originated 725 purchase mortgages at a median interest rate of 6.50% and median total closing costs of $8,173. That ranks #495 nationally by origination volume. For total closing costs among lenders with 500+ originations, BAY CAPITAL MORTGAGE CORPORATION ranks #456. That is $1,432 above the national median of $6,741. BAY CAPITAL MORTGAGE CORPORATION is most active in Maryland with 581 originations there.
Purchase Originations
725
Ranked #495 nationally
Median Total Costs
$8,173
+21.2% vs national ($6,741)
Median Rate
6.500%
−1.8% vs national (6.620%)
Median Origination
$3,465
Median Lender Credits
$75
Cost Rank (500+ vol.)
#456
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 456 | 6.625% | $6,642 | $3,656 |
| fha | 154 | 6.250% | $12,051 | $3,260 |
| va | 88 | 6.188% | $9,800 | $2,871 |
| usda | 27 | 6.250% | $8,239 | $2,032 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Maryland | 581 | 6.500% | $8,214 | #24 |
| Florida | 70 | 6.500% | $7,997 | #284 |
| Pennsylvania | 43 | 6.625% | $7,176 | — |
| Virginia | 10 | 6.625% | $9,170 | — |
| Delaware | 9 | 6.500% | $7,131 | — |
| West Virginia | 5 | 6.500% | $13,048 | — |
| North Carolina | 3 | 6.500% | $5,747 | — |
| South Carolina | 2 | 6.062% | $4,601 | — |
| District of Columbia | 1 | 6.875% | $10,571 | — |
| Michigan | 1 | 6.500% | $2,826 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $5,384 | 6.625% | — | 17 | −$2,789 | |
| 2 | $6,181 | 6.500% | — | 19 | −$1,992 | |
| 3 | $6,510 | 6.375% | — | 23 | −$1,663 | |
| 4 | $6,630 | 6.562% | — | 26 | −$1,543 | |
| 5 | $6,725 | 6.375% | — | 16 | −$1,448 | |
| 6 | $6,828 | 6.500% | — | 23 | −$1,345 | |
| 7 | $7,298 | 6.500% | — | 28 | −$875 | |
| 8 | $7,796 | 6.250% | — | 20 | −$377 | |
| 9 | $8,139 | 6.562% | — | 142 | −$34 | |
| 10 | $8,180 | 6.625% | — | 45 | +$7 | |
| 11 | $8,214 | 6.250% | — | 37 | +$41 | |
| 12 | $8,214 | 6.625% | — | 15 | +$41 | |
| 13 | $8,404 | 6.125% | — | 18 | +$231 | |
| 14 | $8,765 | 6.562% | — | 28 | +$592 | |
| 15 | $8,790 | 6.500% | — | 39 | +$617 | |
| 16 | $9,004 | 6.625% | — | 21 | +$831 | |
| 17 | $9,066 | 6.375% | — | 35 | +$893 | |
| 18 | $9,403 | 6.312% | — | 20 | +$1,230 | |
| 19 | $10,611 | 6.625% | — | 35 | +$2,438 | |
| 20 | $12,686 | 5.938% | — | 18 | +$4,513 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.