BAY EQUITY LLC closing costs and rates (2024)
In 2024, BAY EQUITY LLC originated 8,572 purchase mortgages at a median interest rate of 6.62% and median total closing costs of $6,419. That ranks #53 nationally by origination volume. For total closing costs among lenders with 500+ originations, BAY EQUITY LLC ranks #323. That is $322 below the national median of $6,741. BAY EQUITY LLC is most active in Washington with 1,018 originations there.
Purchase Originations
8,572
Ranked #53 nationally
Median Total Costs
$6,419
−4.8% vs national ($6,741)
Median Rate
6.625%
+0.1% vs national (6.620%)
Median Origination
$2,485
Median Lender Credits
$299
Cost Rank (500+ vol.)
#323
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 6,401 | 6.625% | $5,697 | $2,308 |
| fha | 1,416 | 6.500% | $12,559 | $3,630 |
| va | 723 | 6.250% | $7,895 | $1,690 |
| usda | 32 | 6.490% | $7,712 | $3,439 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Washington | 1,018 | 6.625% | $8,078 | #16 |
| Illinois | 826 | 6.625% | $6,238 | #27 |
| Texas | 752 | 6.625% | $6,105 | #84 |
| California | 704 | 6.625% | $7,770 | #54 |
| Maryland | 560 | 6.500% | $5,587 | #27 |
| Colorado | 537 | 6.750% | $5,772 | #27 |
| Minnesota | 430 | 6.750% | $6,496 | #34 |
| Florida | 354 | 6.490% | $6,935 | #113 |
| Virginia | 351 | 6.625% | $5,221 | #56 |
| Arizona | 330 | 6.625% | $6,894 | #53 |
| North Carolina | 281 | 6.625% | $5,367 | #83 |
| Pennsylvania | 252 | 6.500% | $5,955 | #85 |
| Georgia | 227 | 6.490% | $7,710 | #93 |
| Massachusetts | 222 | 6.500% | $5,245 | #50 |
| Oregon | 210 | 6.490% | $8,370 | #45 |
| Wisconsin | 155 | 6.625% | $5,148 | #70 |
| New Jersey | 150 | 6.625% | $5,707 | #86 |
| Wyoming | 142 | 6.375% | $7,769 | #11 |
| Nevada | 112 | 6.625% | $7,129 | #60 |
| Idaho | 93 | 6.500% | $7,905 | #46 |
| Tennessee | 90 | 6.625% | $5,205 | #133 |
| South Carolina | 77 | 6.490% | $5,882 | #137 |
| Utah | 66 | 6.558% | $8,424 | #70 |
| Indiana | 63 | 6.500% | $4,131 | #154 |
| Ohio | 62 | 6.490% | $4,222 | #170 |
| Kentucky | 53 | 6.750% | $4,852 | #110 |
| District of Columbia | 51 | 6.625% | $6,004 | #27 |
| New Hampshire | 46 | 6.625% | $4,328 | — |
| Kansas | 45 | 6.625% | $5,559 | — |
| Missouri | 45 | 6.625% | $4,365 | — |
| Michigan | 41 | 6.625% | $4,908 | — |
| New Mexico | 41 | 6.490% | $6,674 | — |
| Oklahoma | 34 | 6.495% | $6,104 | — |
| North Dakota | 33 | 6.490% | $5,947 | — |
| Connecticut | 30 | 6.495% | $5,198 | — |
| Delaware | 14 | 6.558% | $6,434 | — |
| Rhode Island | 14 | 6.500% | $5,008 | — |
| Alabama | 10 | 6.250% | $4,718 | — |
| Maine | 10 | 6.625% | $3,977 | — |
| Louisiana | 8 | 6.433% | $6,067 | — |
| Montana | 8 | 6.558% | $5,981 | — |
| Hawaii | 7 | 6.490% | $6,255 | — |
| Iowa | 4 | 6.495% | $6,413 | — |
| South Dakota | 4 | 6.558% | $7,895 | — |
| Nebraska | 3 | 7.500% | $3,480 | — |
| West Virginia | 3 | 6.125% | $5,303 | — |
| Arkansas | 2 | 6.933% | $6,347 | — |
| Mississippi | 1 | 5.250% | $4,814 | — |
| Vermont | 1 | 6.990% | $5,126 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $4,198 | 6.625% | — | 101 | −$2,221 | |
| 2 | $4,889 | 6.490% | — | 101 | −$1,530 | |
| 3 | $5,694 | 6.625% | — | 160 | −$725 | |
| 4 | $5,959 | 6.625% | — | 88 | −$460 | |
| 5 | $6,086 | 6.490% | — | 90 | −$333 | |
| 6 | $6,093 | 6.625% | — | 475 | −$326 | |
| 7 | $6,284 | 6.490% | — | 85 | −$135 | |
| 8 | $6,316 | 6.875% | — | 140 | −$103 | |
| 9 | $6,338 | 6.875% | — | 101 | −$81 | |
| 10 | $6,804 | 6.625% | — | 101 | +$385 | |
| 11 | $6,830 | 6.625% | — | 331 | +$411 | |
| 12 | $7,078 | 6.625% | — | 232 | +$659 | |
| 13 | $7,272 | 6.625% | — | 98 | +$853 | |
| 14 | $7,462 | 6.375% | — | 79 | +$1,043 | |
| 15 | $7,857 | 6.625% | — | 90 | +$1,438 | |
| 16 | $7,957 | 6.433% | — | 112 | +$1,538 | |
| 17 | $8,794 | 6.625% | — | 86 | +$2,375 | |
| 18 | $8,902 | 6.625% | — | 110 | +$2,483 | |
| 19 | $9,636 | 6.625% | — | 173 | +$3,217 | |
| 20 | $9,691 | 6.625% | — | 274 | +$3,272 |
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.