Bay Equity Mortgage Rates, Fees & Info

Los Angeles, CA

LEI: 549300PL8ER6H23P0Z91

Tax ID: 26-0360466

4.5 stars - Updated: 5/14/24 - out of 5 stars, based on 96 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Bay Equity is a mid-sized mortgage company specializing in Home Purchase loans. Bay Equity has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Seattle, Washington, Chicago, Minneapolis, and Phoenix among others. We have data for 356 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bay Equity has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Bay Equity is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.63% 5/14/24
30 Year Conventional Refi 6.55% 5/14/24
30 Year Cash-out Refi 6.78% 5/14/24
30 Year FHA Purchase 7.49% 5/14/24
30 Year FHA Refi 7.02% 5/14/24
30 Year VA Purchase 6.27% 5/14/24
30 Year VA Refi 6.19% 5/14/24
30 Year USDA Purchase 6.74% 5/14/24
30 Year USDA Refi 6.27% 5/14/24
15 Year Conventional Purchase 6.02% 5/14/24
15 Year Conventional Refi 6.10% 5/14/24
15 Year Cash-out Refi 6.10% 5/14/24
15 Year FHA Purchase 5.68% 5/14/24
15 Year FHA Refi 7.10% 5/14/24
15 Year VA Refi 5.92% 5/14/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Bay Equity Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Bay Equity. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

9,182

Origination Dollar Volume (All Markets)

$3,521,690,000
Show all (23) awards

Relative Rate

Bay Equity's average 30 year fixed mortgage rate was 6.64%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.16%.

Relative Fees (Closing Costs)

Bay Equity's average total fees/closing costs for a 30 year fixed rate mortgage were $9,087.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 626 $324,440,000 $518,275 $11,149 6.65%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 669 $312,615,000 $467,287 $9,071 6.58%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 943 $275,135,000 $291,766 $8,523 6.67%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 615 $182,485,000 $296,724 $8,031 6.70%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 329 $126,575,000 $384,726 $10,022 6.66%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 190 $121,990,000 $642,053 $13,403 6.56%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 286 $109,870,000 $384,161 $10,332 6.53%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 204 $95,710,000 $469,167 $7,582 6.69%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 220 $87,470,000 $397,591 $8,221 6.67%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 190 $76,480,000 $402,526 $8,605 6.58%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 106 $76,000,000 $716,981 $11,907 6.54%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 169 $73,875,000 $437,130 $9,931 6.50%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 127 $72,395,000 $570,039 $12,610 6.75%
Glenwood Springs, CO (FHA|USDA|VA) 161 $70,655,000 $438,851 $7,930 6.89%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 136 $61,220,000 $450,147 $7,014 6.71%
COLORADO SPRINGS, CO (FHA|USDA|VA) 158 $60,870,000 $385,253 $8,830 6.65%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 107 $54,615,000 $510,421 $7,499 6.69%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 123 $53,295,000 $433,293 $11,710 6.56%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 144 $47,760,000 $331,667 $8,347 6.61%
Outside of Metro Areas 157 $43,825,000 $279,140 $7,609 6.77%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 76 $41,540,000 $546,579 $8,121 6.67%
Gillette, WY (FHA|USDA|VA) 146 $37,040,000 $253,699 $8,000 6.48%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 81 $36,225,000 $447,222 $10,801 6.63%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 96 $34,070,000 $354,896 $7,871 6.69%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 66 $31,490,000 $477,121 $10,256 6.61%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 88 $30,530,000 $346,932 $12,168 6.68%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 74 $27,230,000 $367,973 $7,960 6.58%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 70 $26,070,000 $372,429 $9,042 6.56%
PITTSBURGH, PA (FHA|USDA|VA) 117 $25,605,000 $218,846 $6,890 6.58%
KANSAS CITY, MO-KS (FHA|USDA|VA) 76 $24,720,000 $325,263 $9,431 6.43%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 64 $23,130,000 $361,406 $9,584 6.48%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 43 $21,165,000 $492,209 $7,276 6.58%
Kalispell, MT (FHA|USDA|VA) 53 $19,685,000 $371,415 $7,992 6.44%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 58 $19,460,000 $335,517 $8,232 6.69%
ASHEVILLE, NC (FHA|USDA|VA) 48 $18,980,000 $395,417 $8,304 6.86%
WORCESTER, MA-CT (FHA|USDA|VA) 52 $18,900,000 $363,462 $5,398 6.52%
RENO, NV (FHA|USDA|VA) 41 $17,995,000 $438,902 $11,308 6.30%
BOISE CITY, ID (FHA|USDA|VA) 44 $17,930,000 $407,500 $11,280 6.49%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 54 $17,910,000 $331,667 $8,283 6.45%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 39 $17,845,000 $457,564 $7,493 6.61%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 41 $17,565,000 $428,415 $10,209 6.50%
PORT ST. LUCIE, FL (FHA|USDA|VA) 45 $17,185,000 $381,889 $14,253 6.75%
ST. GEORGE, UT (FHA|USDA|VA) 38 $16,470,000 $433,421 $11,922 6.75%
ALBUQUERQUE, NM (FHA|USDA|VA) 54 $14,370,000 $266,111 $6,405 6.60%
LEWISTON, ID-WA (FHA|USDA|VA) 52 $13,740,000 $264,231 $7,497 6.93%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 49 $12,915,000 $263,571 $6,533 5.94%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 14 $11,950,000 $853,571 $11,620 6.63%
SALT LAKE CITY, UT (FHA|USDA|VA) 24 $11,620,000 $484,167 $10,711 6.44%
RALEIGH-CARY, NC (FHA|USDA|VA) 30 $11,590,000 $386,333 $8,457 6.52%
ST. LOUIS, MO-IL (FHA|USDA|VA) 43 $11,545,000 $268,488 $6,348 6.57%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 31 $11,135,000 $359,194 $6,980 6.90%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 42 $11,130,000 $265,000 $7,342 6.60%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 30 $10,320,000 $344,000 $8,013 6.45%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 28 $10,220,000 $365,000 $9,459 6.50%
SALEM, OR (FHA|USDA|VA) 23 $9,435,000 $410,217 $10,967 6.53%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 34 $9,410,000 $276,765 $6,550 6.66%
FRESNO, CA (FHA|USDA|VA) 21 $9,225,000 $439,286 $11,262 6.40%
LOUISVILLE, KY (FHA|USDA|VA) 41 $9,055,000 $220,854 $4,497 6.43%
TUCSON, AZ (FHA|USDA|VA) 30 $8,060,000 $268,667 $9,344 6.70%
FORT COLLINS, CO (FHA|USDA|VA) 19 $8,055,000 $423,947 $5,541 6.90%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 19 $7,775,000 $409,211 $11,296 6.92%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 20 $7,710,000 $385,500 $5,508 6.91%
Edwards, CO (FHA|USDA|VA) 10 $7,420,000 $742,000 $11,733 6.96%
JACKSONVILLE, FL (FHA|USDA|VA) 22 $7,360,000 $334,545 $9,467 6.73%
OKLAHOMA CITY, OK (FHA|USDA|VA) 27 $7,205,000 $266,852 $7,988 6.96%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 27 $7,095,000 $262,778 $7,248 6.64%
PROVO-OREM, UT (FHA|USDA|VA) 16 $6,960,000 $435,000 $10,825 6.39%
KNOXVILLE, TN (FHA|USDA|VA) 25 $6,795,000 $271,800 $5,997 6.47%
COLUMBIA, SC (FHA|USDA|VA) 30 $6,780,000 $226,000 $8,323 6.81%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 21 $6,735,000 $320,714 $7,927 6.26%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 19 $6,625,000 $348,684 $9,974 6.51%
GREELEY, CO (FHA|USDA|VA) 17 $6,525,000 $383,824 $8,782 6.80%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 21 $6,455,000 $307,381 $7,391 6.72%
BELLINGHAM, WA (FHA|USDA|VA) 13 $6,345,000 $488,077 $8,527 7.09%
Shelton, WA (FHA|USDA|VA) 17 $6,215,000 $365,588 $9,563 6.55%
BRUNSWICK, GA (FHA|USDA|VA) 20 $6,140,000 $307,000 $13,258 6.97%
FARGO, ND-MN (FHA|USDA|VA) 25 $5,985,000 $239,400 $6,036 6.66%
GRAND JUNCTION, CO (FHA|USDA|VA) 15 $5,635,000 $375,667 $7,580 7.08%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 13 $5,065,000 $389,615 $8,377 6.69%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 18 $5,020,000 $278,889 $9,681 6.50%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 16 $4,930,000 $308,125 $6,975 6.49%
SAVANNAH, GA (FHA|USDA|VA) 16 $4,770,000 $298,125 $9,432 6.38%
URBAN HONOLULU, HI (FHA|USDA|VA) 10 $4,580,000 $458,000 $7,083 6.76%
VALLEJO, CA (FHA|USDA|VA) 7 $4,565,000 $652,143 $11,728 6.89%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 14 $4,550,000 $325,000 $8,337 6.22%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 12 $4,500,000 $375,000 $9,811 6.67%
Oak Harbor, WA (FHA|USDA|VA) 11 $4,455,000 $405,000 $12,669 6.67%
RICHMOND, VA (FHA|USDA|VA) 14 $4,370,000 $312,143 $6,898 6.73%
Centralia, WA (FHA|USDA|VA) 11 $4,275,000 $388,636 $9,934 6.92%
STOCKTON, CA (FHA|USDA|VA) 9 $4,215,000 $468,333 $12,242 6.84%
Aberdeen, WA (FHA|USDA|VA) 14 $4,140,000 $295,714 $10,695 6.81%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 16 $4,090,000 $255,625 $4,602 6.59%
BAKERSFIELD, CA (FHA|USDA|VA) 12 $4,050,000 $337,500 $10,329 6.52%
ROCHESTER, MN (FHA|USDA|VA) 17 $4,025,000 $236,765 $5,991 6.78%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 7 $3,945,000 $563,571 $6,778 6.82%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 10 $3,840,000 $384,000 $7,391 7.13%
SALISBURY, MD-DE (FHA|USDA|VA) 13 $3,825,000 $294,231 $7,551 6.72%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 12 $3,820,000 $318,333 $5,824 6.87%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 16 $3,790,000 $236,875 $6,692 6.55%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 7 $3,785,000 $540,714 $12,358 6.17%
Outside of Metro Areas 9 $3,715,000 $412,778 $6,649 6.48%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 16 $3,710,000 $231,875 $9,216 6.46%
PUEBLO, CO (FHA|USDA|VA) 14 $3,680,000 $262,857 $7,570 6.91%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 9 $3,675,000 $408,333 $8,155 6.58%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 9 $3,655,000 $406,111 $10,537 6.63%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 8 $3,620,000 $452,500 $10,175 6.58%
PUNTA GORDA, FL (FHA|USDA|VA) 11 $3,545,000 $322,273 $8,685 6.32%
ST. CLOUD, MN (FHA|USDA|VA) 14 $3,410,000 $243,571 $9,282 6.71%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 12 $3,340,000 $278,333 $9,734 6.59%
Breckenridge, CO (FHA|USDA|VA) 5 $3,295,000 $659,000 $9,887 6.92%
SPARTANBURG, SC (FHA|USDA|VA) 10 $3,250,000 $325,000 $12,108 6.35%
BOULDER, CO (FHA|USDA|VA) 7 $3,195,000 $456,429 $12,977 6.96%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 10 $3,180,000 $318,000 $8,773 6.14%
COLUMBUS, OH (FHA|USDA|VA) 11 $3,045,000 $276,818 $6,052 6.49%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 16 $2,930,000 $183,125 $5,188 6.49%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 12 $2,860,000 $238,333 $5,204 6.64%
BEND, OR (FHA|USDA|VA) 5 $2,835,000 $567,000 $11,813 6.85%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 11 $2,795,000 $254,091 $8,175 6.63%
WINSTON-SALEM, NC (FHA|USDA|VA) 10 $2,790,000 $279,000 $7,928 6.81%
Safford, AZ (FHA|USDA|VA) 11 $2,765,000 $251,364 $10,203 6.34%
MONTGOMERY, AL (FHA|USDA|VA) 13 $2,745,000 $211,154 $5,553 6.73%
Payson, AZ (FHA|USDA|VA) 9 $2,695,000 $299,444 $11,055 6.65%
MADISON, WI (FHA|USDA|VA) 11 $2,575,000 $234,091 $5,968 6.41%
PORTLAND-SOUTH PORTLAND, ME (FHA|USDA|VA) 8 $2,570,000 $321,250 $4,626 7.14%
Ellensburg, WA (FHA|USDA|VA) 4 $2,530,000 $632,500 $11,030 7.15%
WENATCHEE, WA (FHA|USDA|VA) 5 $2,485,000 $497,000 $12,045 6.55%
Faribault-Northfield, MN (FHA|USDA|VA) 7 $2,405,000 $343,571 $8,714 6.64%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 8 $2,370,000 $296,250 $9,158 6.62%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 5 $2,345,000 $469,000 $8,677 6.72%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 5 $2,335,000 $467,000 $5,789 6.34%
LONGVIEW, WA (FHA|USDA|VA) 8 $2,270,000 $283,750 $10,471 6.56%
YAKIMA, WA (FHA|USDA|VA) 7 $2,185,000 $312,143 $13,763 7.00%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 7 $2,165,000 $309,286 $6,392 6.23%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 3 $2,105,000 $701,667 $12,538 6.66%
Hutchinson, MN (FHA|USDA|VA) 8 $2,080,000 $260,000 $6,160 6.67%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 8 $2,020,000 $252,500 $6,296 6.79%
SANTA FE, NM (FHA|USDA|VA) 6 $1,950,000 $325,000 $7,247 6.79%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 5 $1,945,000 $389,000 $12,656 6.70%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 9 $1,875,000 $208,333 $4,924 6.76%
DOVER, DE (FHA|USDA|VA) 6 $1,870,000 $311,667 $12,775 6.75%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 5 $1,855,000 $371,000 $6,519 6.27%
MODESTO, CA (FHA|USDA|VA) 4 $1,830,000 $457,500 $10,122 6.50%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 5 $1,805,000 $361,000 $4,859 6.55%
GAINESVILLE, GA (FHA|USDA|VA) 4 $1,720,000 $430,000 $15,542 6.69%
OCALA, FL (FHA|USDA|VA) 6 $1,700,000 $283,333 $9,850 6.10%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 4 $1,620,000 $405,000 $8,880 6.56%
Concord, NH (FHA|USDA|VA) 4 $1,590,000 $397,500 $10,121 6.44%
SALINAS, CA (FHA|USDA|VA) 4 $1,590,000 $397,500 $8,626 6.53%
SHERMAN-DENISON, TX (FHA|USDA|VA) 5 $1,585,000 $317,000 $7,615 7.00%
HUNTSVILLE, AL (FHA|USDA|VA) 4 $1,510,000 $377,500 $9,333 6.34%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 4 $1,480,000 $370,000 $10,322 6.47%
Owatonna, MN (FHA|USDA|VA) 6 $1,450,000 $241,667 $5,380 6.85%
DULUTH, MN-WI (FHA|USDA|VA) 9 $1,445,000 $160,556 $6,522 6.40%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 4 $1,410,000 $352,500 $10,102 7.06%
Dickinson, ND (FHA|USDA|VA) 2 $1,370,000 $685,000 $19,907 6.75%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 5 $1,335,000 $267,000 $6,022 6.80%
Montrose, CO (FHA|USDA|VA) 3 $1,315,000 $438,333 $5,946 6.37%
Key West, FL (FHA|USDA|VA) 3 $1,285,000 $428,333 $11,094 7.12%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 3 $1,245,000 $415,000 $10,456 7.08%
Show Low, AZ (FHA|USDA|VA) 4 $1,240,000 $310,000 $9,621 6.99%
ALBANY-LEBANON, OR (FHA|USDA|VA) 4 $1,230,000 $307,500 $6,271 6.12%
WINCHESTER, VA-WV (FHA|USDA|VA) 3 $1,215,000 $405,000 $13,132 6.33%
Alexander City, AL (FHA|USDA|VA) 5 $1,215,000 $243,000 $4,934 6.80%
Coos Bay, OR (FHA|USDA|VA) 4 $1,210,000 $302,500 $7,287 6.87%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 5 $1,205,000 $241,000 $5,935 6.45%
LEWISTON-AUBURN, ME (FHA|USDA|VA) 4 $1,180,000 $295,000 $4,586 6.87%
Sheridan, WY (FHA|USDA|VA) 3 $1,165,000 $388,333 $13,029 6.71%
TALLAHASSEE, FL (FHA|USDA|VA) 4 $1,140,000 $285,000 $5,844 6.72%
BURLINGTON, NC (FHA|USDA|VA) 4 $1,110,000 $277,500 $10,130 6.87%
Fernley, NV (FHA|USDA|VA) 4 $1,100,000 $275,000 $7,635 6.22%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 5 $1,075,000 $215,000 $4,359 6.43%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 5 $1,075,000 $215,000 $8,036 6.87%
Williston, ND (FHA|USDA|VA) 3 $1,055,000 $351,667 $13,865 6.33%
APPLETON, WI (FHA|USDA|VA) 4 $1,050,000 $262,500 $4,610 6.81%
CARSON CITY, NV (FHA|USDA|VA) 2 $1,040,000 $520,000 $18,935 5.99%
Torrington, CT (FHA|USDA|VA) 6 $1,030,000 $171,667 $4,836 5.38%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 4 $1,020,000 $255,000 $4,853 6.87%
Klamath Falls, OR (FHA|USDA|VA) 2 $1,010,000 $505,000 $14,080 7.13%
Port Angeles, WA (FHA|USDA|VA) 3 $985,000 $328,333 $5,780 6.67%
LINCOLN, NE (FHA|USDA|VA) 4 $980,000 $245,000 $4,351 6.90%
Menomonie, WI (FHA|USDA|VA) 4 $950,000 $237,500 $6,855 6.71%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $935,000 $311,667 $9,026 6.75%
CHEYENNE, WY (FHA|USDA|VA) 3 $925,000 $308,333 $5,419 6.88%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 3 $925,000 $308,333 $2,742 6.62%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 5 $915,000 $183,000 $5,172 6.00%
THE VILLAGES, FL (FHA|USDA|VA) 3 $905,000 $301,667 $4,308 6.46%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 4 $900,000 $225,000 $7,791 6.40%
CORVALLIS, OR (FHA|USDA|VA) 2 $900,000 $450,000 $15,817 5.99%
Ontario, OR-ID (FHA|USDA|VA) 2 $870,000 $435,000 $17,699 6.63%
SPRINGFIELD, MO (FHA|USDA|VA) 2 $870,000 $435,000 $4,422 6.38%
Moses Lake, WA (FHA|USDA|VA) 2 $860,000 $430,000 $9,416 6.81%
ROCKFORD, IL (FHA|USDA|VA) 4 $850,000 $212,500 $7,104 6.81%
Hilo, HI (FHA|USDA|VA) 4 $850,000 $212,500 $5,359 6.38%
MIDLAND, TX (FHA|USDA|VA) 4 $820,000 $205,000 $6,928 6.15%
Whitewater, WI (FHA|USDA|VA) 4 $800,000 $200,000 $5,746 6.22%
FLAGSTAFF, AZ (FHA|USDA|VA) 2 $800,000 $400,000 $8,540 6.75%
BILLINGS, MT (FHA|USDA|VA) 2 $770,000 $385,000 $12,292 6.50%
NILES, MI (FHA|USDA|VA) 4 $770,000 $192,500 $5,231 6.34%
Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $770,000 $385,000 $3,153 6.69%
TOPEKA, KS (FHA|USDA|VA) 4 $760,000 $190,000 $4,714 6.97%
OCEAN CITY, NJ (FHA|USDA|VA) 2 $760,000 $380,000 $8,408 6.31%
Craig, CO (FHA|USDA|VA) 2 $740,000 $370,000 $10,030 7.37%
PANAMA CITY, FL (FHA|USDA|VA) 3 $725,000 $241,667 $8,035 6.24%
St. Marys, GA (FHA|USDA|VA) 2 $720,000 $360,000 $11,316 7.38%
LAFAYETTE, LA (FHA|USDA|VA) 3 $715,000 $238,333 $11,253 5.25%
SUMTER, SC (FHA|USDA|VA) 1 $715,000 $715,000 $6,051 6.75%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 4 $700,000 $175,000 $4,853 6.62%
BATON ROUGE, LA (FHA|USDA|VA) 5 $675,000 $135,000 $5,666 6.72%
Easton, MD (FHA|USDA|VA) 2 $660,000 $330,000 $12,118 6.38%
Ottawa, IL (FHA|USDA|VA) 4 $660,000 $165,000 $4,855 6.53%
NAPA, CA (FHA|USDA|VA) 1 $655,000 $655,000 $5,286 6.49%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 3 $655,000 $218,333 $7,776 6.66%
Rock Springs, WY (FHA|USDA|VA) 2 $640,000 $320,000 $10,305 6.87%
MERCED, CA (FHA|USDA|VA) 2 $640,000 $320,000 $7,141 6.56%
Moscow, ID (FHA|USDA|VA) 2 $640,000 $320,000 $6,046 7.44%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 3 $635,000 $211,667 $5,656 6.75%
Heber, UT (FHA|USDA|VA) 1 $635,000 $635,000 $7,538 6.49%
OSHKOSH-NEENAH, WI (FHA|USDA|VA) 3 $635,000 $211,667 $6,971 6.16%
READING, PA (FHA|USDA|VA) 2 $630,000 $315,000 $7,494 6.62%
SPRINGFIELD, MA (FHA|USDA|VA) 2 $630,000 $315,000 $9,971 6.75%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 3 $625,000 $208,333 $5,314 7.08%
Salem, OH (FHA|USDA|VA) 2 $610,000 $305,000 $13,456 6.94%
TULSA, OK (FHA|USDA|VA) 3 $605,000 $201,667 $7,207 6.75%
Brainerd, MN (FHA|USDA|VA) 3 $605,000 $201,667 $4,944 6.41%
WICHITA, KS (FHA|USDA|VA) 2 $590,000 $295,000 $6,583 6.25%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 3 $585,000 $195,000 $6,870 7.12%
Fredericksburg, TX (FHA|USDA|VA) 1 $585,000 $585,000 $8,539 7.88%
CHICO, CA (FHA|USDA|VA) 2 $570,000 $285,000 $8,720 6.31%
KANKAKEE, IL (FHA|USDA|VA) 3 $565,000 $188,333 $7,614 6.42%
Steamboat Springs, CO (FHA|USDA|VA) 1 $565,000 $565,000 $12,458 7.38%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $560,000 $280,000 $10,866 6.81%
Cedar City, UT (FHA|USDA|VA) 2 $560,000 $280,000 $8,813 6.50%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 2 $560,000 $280,000 $5,198 6.31%
Huntsville, TX (FHA|USDA|VA) 2 $550,000 $275,000 $6,289 6.56%
Lewisburg, TN (FHA|USDA|VA) 1 $525,000 $525,000 $9,142 7.13%
Grand Rapids, MN (FHA|USDA|VA) 1 $525,000 $525,000 $15,036 6.75%
EL PASO, TX (FHA|USDA|VA) 2 $520,000 $260,000 $9,136 6.31%
YORK-HANOVER, PA (FHA|USDA|VA) 2 $510,000 $255,000 $11,295 6.62%
AKRON, OH (FHA|USDA|VA) 2 $500,000 $250,000 $7,226 6.81%
Sandpoint, ID (FHA|USDA|VA) 1 $495,000 $495,000 $28,014 5.25%
Okeechobee, FL (FHA|USDA|VA) 2 $490,000 $245,000 $8,967 7.06%
Brevard, NC (FHA|USDA|VA) 2 $480,000 $240,000 $6,848 6.81%
Keene, NH (FHA|USDA|VA) 2 $470,000 $235,000 $5,378 6.88%
CANTON-MASSILLON, OH (FHA|USDA|VA) 2 $470,000 $235,000 $2,635 6.50%
Jefferson, GA (FHA|USDA|VA) 1 $465,000 $465,000 $12,627 7.25%
Mountain Home, ID (FHA|USDA|VA) 1 $465,000 $465,000 $15,346 6.63%
RAPID CITY, SD (FHA|USDA|VA) 1 $465,000 $465,000 $9,034 7.49%
Fergus Falls, MN (FHA|USDA|VA) 2 $460,000 $230,000 $6,521 6.75%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $455,000 $455,000 $22,809 5.75%
SHEBOYGAN, WI (FHA|USDA|VA) 1 $455,000 $455,000 $4,442 6.49%
Palatka, FL (FHA|USDA|VA) 2 $440,000 $220,000 $9,122 6.50%
Marion, NC (FHA|USDA|VA) 2 $440,000 $220,000 $7,781 6.06%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 3 $435,000 $145,000 $5,846 7.21%
BISMARCK, ND (FHA|USDA|VA) 2 $430,000 $215,000 $6,071 6.50%
New Castle, PA (FHA|USDA|VA) 2 $420,000 $210,000 $9,112 6.62%
Calhoun, GA (FHA|USDA|VA) 2 $410,000 $205,000 $7,906 5.75%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $410,000 $205,000 $4,113 6.38%
MUSKEGON, MI (FHA|USDA|VA) 1 $405,000 $405,000 $4,758 6.50%
MADERA, CA (FHA|USDA|VA) 1 $405,000 $405,000 $12,261 6.49%
Pahrump, NV (FHA|USDA|VA) 2 $400,000 $200,000 $10,174 9.00%
WACO, TX (FHA|USDA|VA) 1 $395,000 $395,000 $775 7.99%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 1 $395,000 $395,000 $4,647 7.49%
Red Wing, MN (FHA|USDA|VA) 2 $390,000 $195,000 $8,896 6.50%
Cañon City, CO (FHA|USDA|VA) 1 $385,000 $385,000 $2,353 6.63%
Somerset, KY (FHA|USDA|VA) 1 $385,000 $385,000 $4,220 7.38%
Cambridge, MD (FHA|USDA|VA) 1 $365,000 $365,000 $8,557 6.49%
PITTSFIELD, MA (FHA|USDA|VA) 2 $360,000 $180,000 $9,123 6.87%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $355,000 $355,000 $11,482 7.50%
MEDFORD, OR (FHA|USDA|VA) 1 $355,000 $355,000 $9,542 7.13%
WARNER ROBINS, GA (FHA|USDA|VA) 1 $355,000 $355,000 $16,660 7.75%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $345,000 $345,000 $3,044 6.99%
LONGVIEW, TX (FHA|USDA|VA) 2 $340,000 $170,000 $5,265 6.50%
Taos, NM (FHA|USDA|VA) 1 $335,000 $335,000 $13,905 6.99%
ANN ARBOR, MI (FHA|USDA|VA) 1 $335,000 $335,000 $6,613 6.63%
Albemarle, NC (FHA|USDA|VA) 1 $335,000 $335,000 $15,626 6.25%
MORGANTOWN, WV (FHA|USDA|VA) 1 $325,000 $325,000 $8,590 7.63%
Lebanon, NH-VT (FHA|USDA|VA) 1 $325,000 $325,000 $3,833 6.75%
Russellville, AR (FHA|USDA|VA) 1 $325,000 $325,000 $4,301 6.99%
Eureka-Arcata, CA (FHA|USDA|VA) 1 $325,000 $325,000 $0 6.13%
LAWRENCE, KS (FHA|USDA|VA) 1 $325,000 $325,000 $11,741 7.25%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $320,000 $160,000 $6,391 6.25%
New Philadelphia-Dover, OH (FHA|USDA|VA) 2 $320,000 $160,000 $3,008 7.37%
MANSFIELD, OH (FHA|USDA|VA) 1 $315,000 $315,000 $8,994 6.88%
Ludington, MI (FHA|USDA|VA) 1 $315,000 $315,000 $0 6.38%
Augusta-Waterville, ME (FHA|USDA|VA) 2 $310,000 $155,000 $4,721 6.69%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 2 $310,000 $155,000 $4,303 7.63%
HINESVILLE, GA (FHA|USDA|VA) 1 $295,000 $295,000 $13,119 6.49%
Mayfield, KY (FHA|USDA|VA) 1 $285,000 $285,000 $11,262 6.25%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $285,000 $285,000 $5,194 6.88%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $275,000 $275,000 $5,948 5.99%
Crossville, TN (FHA|USDA|VA) 1 $275,000 $275,000 $9,007 6.88%
Fallon, NV (FHA|USDA|VA) 1 $275,000 $275,000 $12,365 5.63%
VISALIA, CA (FHA|USDA|VA) 1 $265,000 $265,000 $10,082 6.75%
MANKATO, MN (FHA|USDA|VA) 1 $265,000 $265,000 $4,177 6.49%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $265,000 $265,000 $9,150 7.50%
Hillsdale, MI (FHA|USDA|VA) 1 $255,000 $255,000 $7,558 5.13%
Pullman, WA (FHA|USDA|VA) 1 $255,000 $255,000 $9,036 6.63%
Branson, MO (FHA|USDA|VA) 1 $245,000 $245,000 $6,531 6.49%
Española, NM (FHA|USDA|VA) 1 $245,000 $245,000 $8,693 7.38%
GAINESVILLE, FL (FHA|USDA|VA) 1 $235,000 $235,000 $7,629 6.25%
Riverton, WY (FHA|USDA|VA) 1 $235,000 $235,000 $9,228 6.38%
GRAND FORKS, ND-MN (FHA|USDA|VA) 2 $230,000 $115,000 $5,462 7.50%
GETTYSBURG, PA (FHA|USDA|VA) 1 $225,000 $225,000 $1,910 6.99%
CLEVELAND, TN (FHA|USDA|VA) 1 $225,000 $225,000 $6,163 6.49%
Clewiston, FL (FHA|USDA|VA) 1 $225,000 $225,000 $9,150 5.75%
MANHATTAN, KS (FHA|USDA|VA) 1 $215,000 $215,000 $5,655 7.38%
Shawnee, OK (FHA|USDA|VA) 1 $215,000 $215,000 $8,994 6.75%
JOPLIN, MO (FHA|USDA|VA) 1 $215,000 $215,000 $6,437 6.50%
Arcadia, FL (FHA|USDA|VA) 1 $215,000 $215,000 $6,806 6.75%
Henderson, NC (FHA|USDA|VA) 1 $215,000 $215,000 $11,536 5.38%
Stillwater, OK (FHA|USDA|VA) 1 $195,000 $195,000 $5,420 5.99%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $195,000 $195,000 $5,492 5.75%
FLINT, MI (FHA|USDA|VA) 1 $195,000 $195,000 $3,661 6.38%
Fremont, NE (FHA|USDA|VA) 1 $185,000 $185,000 $6,441 7.63%
Sterling, CO (FHA|USDA|VA) 1 $185,000 $185,000 $3,023 7.49%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $175,000 $175,000 $9,774 6.63%
Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $175,000 $175,000 $6,326 6.25%
Charleston-Mattoon, IL (FHA|USDA|VA) 1 $175,000 $175,000 $3,242 6.63%
EAU CLAIRE, WI (FHA|USDA|VA) 1 $175,000 $175,000 $2,980 6.63%
LAS CRUCES, NM (FHA|USDA|VA) 1 $175,000 $175,000 $4,488 5.49%
Emporia, KS (FHA|USDA|VA) 1 $165,000 $165,000 $3,839 6.50%
RACINE, WI (FHA|USDA|VA) 1 $165,000 $165,000 $4,397 6.13%
Indiana, PA (FHA|USDA|VA) 1 $165,000 $165,000 $4,605 7.88%
Frankfort, KY (FHA|USDA|VA) 1 $165,000 $165,000 $6,137 7.25%
Laconia, NH (FHA|USDA|VA) 1 $165,000 $165,000 $6,369 5.99%
MORRISTOWN, TN (FHA|USDA|VA) 1 $165,000 $165,000 $6,174 7.13%
Vernal, UT (FHA|USDA|VA) 1 $165,000 $165,000 $3,329 6.25%
Yankton, SD (FHA|USDA|VA) 1 $165,000 $165,000 $3,030 6.38%
Jennings, LA (FHA|USDA|VA) 1 $165,000 $165,000 $4,792 6.75%
Somerset, PA (FHA|USDA|VA) 1 $155,000 $155,000 $4,033 7.49%
Rochelle, IL (FHA|USDA|VA) 1 $155,000 $155,000 $3,068 6.38%
GRANTS PASS, OR (FHA|USDA|VA) 1 $145,000 $145,000 $4,693 6.13%
Dixon, IL (FHA|USDA|VA) 1 $145,000 $145,000 $3,392 6.49%
KALAMAZOO-PORTAGE, MI (FHA|USDA|VA) 1 $145,000 $145,000 $4,235 6.99%
Kerrville, TX (FHA|USDA|VA) 1 $145,000 $145,000 $5,720 6.49%
Sturgis, MI (FHA|USDA|VA) 1 $145,000 $145,000 $3,307 6.75%
Jasper, AL (FHA|USDA|VA) 1 $145,000 $145,000 $2,695 5.99%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $135,000 $135,000 $4,120 6.75%
ROANOKE, VA (FHA|USDA|VA) 1 $135,000 $135,000 $6,048 6.88%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $135,000 $135,000 $4,306 5.99%
TEXARKANA, TX-AR (FHA|USDA|VA) 1 $135,000 $135,000 $9,455 6.38%
Atchison, KS (FHA|USDA|VA) 1 $135,000 $135,000 $7,029 7.25%
Spearfish, SD (FHA|USDA|VA) 1 $125,000 $125,000 $5,003 6.75%
Mount Airy, NC (FHA|USDA|VA) 1 $125,000 $125,000 $3,122 6.63%
MONROE, MI (FHA|USDA|VA) 1 $125,000 $125,000 $3,867 5.88%
Richmond-Berea, KY (FHA|USDA|VA) 1 $115,000 $115,000 $2,615 6.75%
Albert Lea, MN (FHA|USDA|VA) 1 $115,000 $115,000 $4,816 5.99%
MISSOULA, MT (FHA|USDA|VA) 1 $115,000 $115,000 $4,006 6.49%
Talladega-Sylacauga, AL (FHA|USDA|VA) 1 $115,000 $115,000 $4,876 6.75%
JACKSON, MI (FHA|USDA|VA) 1 $105,000 $105,000 $3,908 6.38%
BLOOMINGTON, IL (FHA|USDA|VA) 1 $105,000 $105,000 $4,202 4.88%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $105,000 $105,000 $6,990 6.13%
New Ulm, MN (FHA|USDA|VA) 1 $105,000 $105,000 $6,197 6.25%
Bartlesville, OK (FHA|USDA|VA) 1 $85,000 $85,000 $5,607 5.99%
Wisconsin Rapids-Marshfield, WI (FHA|USDA|VA) 1 $85,000 $85,000 $3,085 7.25%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 1 $85,000 $85,000 $4,581 6.99%
Bay Equity's top markets include Seattle, Washington, Chicago, Minneapolis, and Phoenix among others.

Their top states include:
  • Washington (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Illinois (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 6,746 $2,602,430,000 $385,774 $7,491 6.68%
    FHA 1,704 $600,530,000 $352,424 $14,090 6.56%
    VA 669 $303,535,000 $453,714 $10,754 6.36%
    USDA 63 $15,195,000 $241,190 $8,593 6.47%

    For 2023, Bay Equity's most frequently originated type of loan was Conventional, with 6,746 originations. Their 2nd most popular type was FHA, with 1,704 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 8,823 $3,403,145,000 $385,713 $8,966 6.62%
    Cash Out Refi 254 $75,200,000 $296,063 $9,118 6.85%
    Refi 105 $43,345,000 $412,810 $8,912 6.68%

    For 2023, Bay Equity's most frequently cited loan purpose was Home Purchase, with 8,823 originations. The 2nd most popular reason was Cash Out Refi, with 254 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 8,907 $3,457,345,000 $388,160 $9,087 6.64%
    15 Year 165 $47,915,000 $290,394 $6,310 5.99%
    10 Year 67 $2,085,000 $31,119 $927 7.01%
    20 Year 41 $13,335,000 $325,244 $7,050 6.41%
    Other 2 $1,010,000 $505,000 $14,059 6.75%

    For 2023, Bay Equity's most frequently cited loan duration was 30 Year, with 8,907 originations. The 2nd most popular length was 15 Year, with 165 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 3,468 $1,613,590,000 $465,280
    $1k-2k 2,212 $802,990,000 $363,015
    $2k-3k 1,131 $336,605,000 $297,617
    $3k-4k 1,082 $343,400,000 $317,375
    $4k-5k 954 $322,740,000 $338,302
    $<1k 335 $102,365,000 $305,567

    Bay Equity's average total fees were $9,087, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 3,468 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 5,290 $2,026,970,000 $383,170
    7-8% 2,106 $851,660,000 $404,397
    5-6% 1,641 $603,635,000 $367,846
    Over 8% 92 $28,590,000 $310,761
    4-5% 30 $10,450,000 $348,333
    <2.5% 17 $295,000 $17,353
    3-4% 6 $90,000 $15,000

    During 2023, Bay Equity's average interest rate for loans was 6.64%, while their most frequently originated rate bucket for loans was 6-7%, with 5,290 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 4,274 $1,278,300,000 $299,088 $8,324 6.66%
    $400k-600k 2,308 $1,112,760,000 $482,132 $10,780 6.63%
    $100k-200k 1,203 $190,185,000 $158,092 $5,406 6.50%
    $600k-1MM 1,016 $734,040,000 $722,480 $11,963 6.69%
    $100,000 or less 226 $12,070,000 $53,407 $2,716 6.32%
    $1MM+ 155 $194,335,000 $1,253,774 $16,015 6.75%

    2023 saw Bay Equity place emphasis on $200k-400k loans with 4,274 originations, totaling $1,278,300,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 2,583 $951,295,000 $368,291 $9,317 6.66%
    $150k-250k 2,253 $1,045,615,000 $464,099 $9,594 6.69%
    $75k-100k 1,687 $494,625,000 $293,198 $8,741 6.56%
    $50k-75k 1,244 $275,580,000 $221,527 $7,151 6.47%
    $250k+ 1,069 $699,365,000 $654,224 $10,400 6.81%
    $50k or less 330 $48,990,000 $148,455 $5,612 6.37%

    Bay Equity lent most frequently to those with incomes in the $100k-150k range, with 2,583 originations. The second most popular income band? $150k-250k, with 2,253 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 1,393 $526,145,000 $377,706 $7,877 6.61%
    20-30% 1,265 $460,215,000 $363,806 $7,225 6.60%
    50-60% 824 $319,000,000 $387,136 $13,695 6.52%
    49% 624 $238,730,000 $382,580 $9,500 6.69%
    44% 468 $166,760,000 $356,325 $9,067 6.67%
    42% 417 $180,905,000 $433,825 $9,238 6.70%
    48% 408 $160,920,000 $394,412 $9,492 6.67%
    41% 397 $156,225,000 $393,514 $8,803 6.64%
    43% 385 $146,945,000 $381,675 $9,267 6.62%
    45% 371 $138,005,000 $371,981 $9,179 6.67%
    47% 366 $147,050,000 $401,776 $9,778 6.74%
    <20% 357 $114,185,000 $319,846 $6,185 6.50%
    40% 346 $145,910,000 $421,705 $8,947 6.72%
    46% 342 $128,030,000 $374,357 $9,176 6.68%
    39% 332 $140,320,000 $422,651 $8,714 6.65%
    37% 301 $113,005,000 $375,432 $8,358 6.72%
    38% 283 $116,495,000 $411,643 $8,475 6.62%
    36% 270 $106,210,000 $393,370 $8,700 6.65%
    >60% 33 $16,635,000 $504,091 $11,160 6.39%

    Bay Equity lent most frequently to those with DTI ratios of 30-36%, with 1,393 originations. The next most common DTI ratio? 20-30%, with 1,265 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 6,026 $2,234,950,000 $370,885 $8,745 6.65%
    Not provided 1,342 $538,900,000 $401,565 $9,162 6.60%
    Asian 961 $435,915,000 $453,606 $8,703 6.61%
    Black 732 $266,210,000 $363,675 $10,641 6.59%
    American Indian 81 $28,115,000 $347,099 $9,833 6.69%
    Native Hawaiian or Islander 36 $14,950,000 $415,278 $10,715 6.69%
    Asian Indian 3 $1,715,000 $571,667 $11,922 6.33%
    Other Pacific Islander 1 $935,000 $935,000 $6,621 6.75%

    Approval Rates

    Total approvals of all applications
    95.78%

    Bay Equity has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    64.86%

    Bay Equity has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 9,182 $3,521,690,000 $383,543

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    9,182 $3,521,690,000 $383,543

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 351 $73,015,000 $208,020 $5,372 6.49%
    40-60% 741 $229,515,000 $309,737 $6,504 6.54%
    60-80% 2,468 $1,007,930,000 $408,400 $7,978 6.70%
    80-100% 5,306 $2,124,710,000 $400,435 $9,919 6.65%
    Over 100% 170 $77,770,000 $457,471 $17,835 6.27%
    Under 20% 146 $8,750,000 $59,932 $1,851 6.20%