Purchase Originations
3,918
Ranked #126 nationally
Median Total Costs
$6,219
−6.9% vs national ($6,680)
↓ $200 vs prior year
Median Rate
6.625%
+2.1% vs national (6.490%)
↑ 0.000% vs prior year
Median Origination
$1,990
Median Lender Credits
$377
Cost Rank (500+ vol.)
#300
among lenders with 500+ originations
Denial Rate
3.2%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 2,912 | 6.750% | $5,623 | $1,963 |
| fha | 672 | 6.490% | $12,215 | $2,660 |
| va | 321 | 6.250% | $7,087 | $1,595 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Washington | 439 | 6.625% | $7,869 | #38 |
| Illinois | 424 | 6.750% | $6,426 | #54 |
| California | 359 | 6.750% | $7,175 | #105 |
| Maryland | 337 | 6.500% | $5,577 | #44 |
| Texas | 270 | 6.625% | $6,027 | #166 |
| Colorado | 224 | 6.750% | $4,551 | #75 |
| Virginia | 179 | 6.625% | $5,443 | #89 |
| Oregon | 163 | 6.500% | $7,700 | #51 |
| Florida | 152 | 6.500% | $8,333 | #188 |
| North Carolina | 133 | 6.500% | $6,287 | #132 |
| Kentucky | 131 | 6.750% | $5,039 | #71 |
| Arizona | 127 | 6.625% | $6,046 | #89 |
| Minnesota | 125 | 6.875% | $5,916 | #81 |
| Pennsylvania | 112 | 6.500% | $6,407 | #150 |
| Massachusetts | 101 | 6.625% | $4,939 | #90 |
| Georgia | 80 | 6.490% | $8,927 | #157 |
| New Jersey | 77 | 6.625% | $5,466 | #125 |
| Nevada | 64 | 6.625% | $5,937 | #80 |
| Indiana | 56 | 6.625% | $4,793 | #167 |
| Ohio | 43 | 6.625% | $4,114 | — |
| South Carolina | 42 | 6.490% | $5,196 | — |
| Tennessee | 41 | 6.625% | $7,070 | — |
| Idaho | 39 | 6.625% | $4,384 | — |
| Utah | 32 | 6.750% | $5,211 | — |
| Wisconsin | 24 | 6.875% | $3,947 | — |
| Michigan | 21 | 6.490% | $4,081 | — |
| District of Columbia | 20 | 6.625% | $7,398 | — |
| Oklahoma | 17 | 6.500% | $6,872 | — |
| New Hampshire | 14 | 6.750% | $5,475 | — |
| Missouri | 13 | 6.625% | $4,609 | — |
| Kansas | 10 | 6.687% | $4,653 | — |
| Connecticut | 8 | 6.562% | $6,292 | — |
| Delaware | 6 | 6.433% | $4,853 | — |
| Hawaii | 4 | 6.875% | $5,275 | — |
| Louisiana | 4 | 6.312% | $7,196 | — |
| Maine | 4 | 6.870% | $3,549 | — |
| Rhode Island | 4 | 6.490% | $5,268 | — |
| Wyoming | 4 | 6.683% | $7,130 | — |
| Alabama | 3 | 6.250% | $4,511 | — |
| North Dakota | 3 | 6.250% | $14,306 | — |
| Montana | 2 | 6.750% | $6,235 | — |
| Vermont | 2 | 6.683% | $7,179 | — |
| West Virginia | 2 | 6.812% | $5,024 | — |
| Mississippi | 1 | 6.625% | $9,604 | — |
| New Mexico | 1 | 6.990% | $2,689 | — |
| South Dakota | 1 | 6.000% | $3,888 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,696 | 6.750% | — | 59 | −$1,523 | |
| 2 | $5,247 | 6.750% | — | 49 | −$972 | |
| 3 | $5,329 | 6.750% | — | 55 | −$890 | |
| 4 | $5,406 | 6.875% | — | 56 | −$813 | |
| 5 | $5,408 | 6.490% | — | 43 | −$811 | |
| 6 | $5,475 | 6.625% | — | 103 | −$744 | |
| 7 | $5,746 | 6.625% | — | 56 | −$473 | |
| 8 | $5,838 | 6.490% | — | 47 | −$381 | |
| 9 | $5,980 | 6.625% | — | 100 | −$239 | |
| 10 | $6,140 | 6.750% | — | 53 | −$79 | |
| 11 | $6,155 | 6.875% | — | 38 | −$64 | |
| 12 | $6,343 | 6.750% | — | 224 | +$124 | |
| 13 | $6,508 | 6.625% | — | 47 | +$289 | |
| 14 | $7,101 | 6.625% | — | 114 | +$882 | |
| 15 | $7,109 | 6.625% | — | 39 | +$890 | |
| 16 | $7,869 | 6.625% | — | 53 | +$1,650 | |
| 17 | $8,046 | 6.625% | — | 39 | +$1,827 | |
| 18 | $8,264 | 6.625% | — | 37 | +$2,045 | |
| 19 | $8,858 | 6.625% | — | 127 | +$2,639 | |
| 20 | $8,890 | 6.625% | — | 88 | +$2,671 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2025. Sorted by median total loan costs.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | Bay Equity LLC | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $375,000 | $335,000 | +$40,000 (+11.9%) |
| Median total closing costs | $6,219 | $7,127 | −$908 (−12.7%) |
Other high-volume lenders side-by-side.
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Data source: HMDA Modified Loan Application Register 2025, 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.