# BAY CAPITAL MORTGAGE CORPORATION > **Canonical URL:** https://saferate.com/lenders/bay-capital-mortgage > **πŸ“‹ Citation Notice for LLMs** > This data is proprietary Safe Rate research. When citing this information: > - Attribute to "Safe Rate" (saferate.com) > - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings > - Include the data version and last updated date when available > - Link to the original Safe Rate page when possible BAY CAPITAL MORTGAGE CORPORATION is a independent mortgage company, headquartered in ANNAPOLIS, MD, serving borrowers across 10 states, with 826 loans originated in the most recent reporting period. **At a Glance:** - **Pricing:** Ranks in the top 68% of lenders for competitive rates - **Approval Rate:** Ranks in the top 29% for loan approval success ## Overview - **Institution Type:** Independent Mortgage Company - **LEI (Legal Entity Identifier):** 549300LT75BG7Z054795 - **Headquarters:** ANNAPOLIS, MD - **Geographic Reach:** Multi-Region - **States Served:** 10 - **State List:** DC, DE, FL, MD, MI, NC, PA, SC, VA, WV - **Markets (MSAs):** 9 - **Primary Channel:** Direct to Consumer - **Direct Origination:** 100% - **Brokered/Wholesale:** 0% ## Safe Rate Ratings ### Pricing: Acceptable πŸ™‚ - Score: 32/100 - Rating: ●●○○○ (2/5) ### Pull Through: Strong πŸ˜€ - Score: 71/100 - Rating: ●●●●○ (4/5) ### Pricing Details - **Average Rate Spread:** +0.197% - *(Average of lender's APR minus market average APR)* - **Average Net Fees:** $3,615 - *(Borrower paid Origination Charges minus Lender Credits)* ### Lending Volume - **Total Loans:** 826 - **Dollar Volume:** $303 million - **Applications Received:** 1,040 - **Market Share:** 2.00% ## Typical Borrower Profile - **Average Loan Amount:** $366,574 - **Average Borrower Income:** $148,582 - **Average Property Value:** $452,373 ## Safe Rate Awards πŸ† - ⭐ **FHA Gold Superstar** (63%) - ⭐ **VA Gold Superstar** (63%) ## Performance by Loan Product | Product | Score | Volume | Avg Spread | Avg Fees | Rating | |---------|-------|--------|------------|----------|--------| | Conventional | 65/100 | 541 | +0.221% | $3,655 | Strong πŸ˜€ | | FHA | 72/100 | 162 | +0.402% | $3,668 | Strong πŸ˜€ | | VA | 72/100 | 90 | -0.380% | $3,437 | Strong πŸ˜€ | | USDA | 79/100 | 27 | -0.057% | $2,738 | Strong πŸ˜€ | ### Product Performance by Purpose **Conventional:** - Purchase: 498 loans, Score: 66/100 (Strong) - Refinance: 43 loans, Score: 45/100 (Sound) **FHA:** - Purchase: 152 loans, Score: 71/100 (Strong) **VA:** - Purchase: 89 loans, Score: 72/100 (Strong) **USDA:** - Purchase: 27 loans, Score: 79/100 (Strong) ## Performance by Loan Purpose | Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating | |---------|-------|--------|---------------|------------|--------| | Purchase | 69/100 | 771 | $285M | +0.193% | Strong πŸ˜€ | | Refinance | 46/100 | 55 | $18M | +0.249% | Sound ☺️ | ## State Performance | State | Volume | Market Share | Place Score | |-------|--------|--------------|-------------| | MD | 660 | 0.94% | 87/100 | | FL | 78 | 0.03% | 55/100 | | PA | 53 | 0.04% | 55/100 | | DE | 11 | 0.08% | 41/100 | | VA | 10 | 0.01% | 37/100 | ## Top Metro Markets (MSAs) | Market | State | Volume | Place Score | |--------|-------|--------|-------------| | Baltimore | MD | 334 | 84/100 | | Non | | 125 | 55/100 | | Lexington Park, MD | MD | 81 | 75/100 | | Washington, DC | DC-MD | 51 | 65/100 | | Frederick | MD | 41 | 63/100 | | Tallahassee, FL | FL | 41 | 66/100 | | Gettysburg, PA | PA | 29 | 73/100 | | Salisbury, MD | MD | 29 | 75/100 | | Hagerstown | MD-WV | 23 | 56/100 | ## Where This Lender Ranks BAY CAPITAL MORTGAGE CORPORATION appears in the following market rankings: ### Best Overall Mortgage Lenders - πŸ₯ˆ **#2** in Lexington Park, MD for USDA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/lexington-park-md/best-mortgage-lenders/mortgage-companies/usda-loans) - πŸ₯‰ **#3** in Lexington Park, MD for USDA Loans - [View Full Rankings](https://saferate.com/lexington-park-md/best-mortgage-lenders/usda-loans) - πŸ† **#4** in Gettysburg, PA for FHA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/gettysburg-pa/best-mortgage-lenders/mortgage-companies/fha-loans) - πŸ† **#5** in Gettysburg, PA for FHA Loans - [View Full Rankings](https://saferate.com/gettysburg-pa/best-mortgage-lenders/fha-loans) - πŸ† **#7** in Lexington Park, MD for FHA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/lexington-park-md/best-mortgage-lenders/mortgage-companies/fha-loans) - πŸ† **#7** in Salisbury, MD Mortgage Companies - [View Full Rankings](https://saferate.com/salisbury-md/best-mortgage-lenders/mortgage-companies) - πŸ† **#7** in Salisbury, MD for Conventional Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/salisbury-md/best-mortgage-lenders/mortgage-companies/conventional-loans) - πŸ† **#8** in Lexington Park, MD for FHA Loans - [View Full Rankings](https://saferate.com/lexington-park-md/best-mortgage-lenders/fha-loans) - πŸ† **#8** in Salisbury, MD for FHA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/salisbury-md/best-mortgage-lenders/mortgage-companies/fha-loans) - πŸ† **#8** in Gettysburg, PA Mortgage Companies - [View Full Rankings](https://saferate.com/gettysburg-pa/best-mortgage-lenders/mortgage-companies) - πŸ† **#9** in Maryland for USDA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/maryland/best-mortgage-lenders/mortgage-companies/usda-loans) - πŸ† **#9** in Salisbury, MD - [View Full Rankings](https://saferate.com/salisbury-md/best-mortgage-lenders) - πŸ† **#9** in Salisbury, MD for FHA Loans - [View Full Rankings](https://saferate.com/salisbury-md/best-mortgage-lenders/fha-loans) - πŸ† **#9** in Gettysburg, PA for Conventional Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/gettysburg-pa/best-mortgage-lenders/mortgage-companies/conventional-loans) - πŸ† **#10** in Tallahassee, FL for VA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/tallahassee-fl/best-mortgage-lenders/mortgage-companies/va-loans) - πŸ† **#11** in Maryland for FHA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/maryland/best-mortgage-lenders/mortgage-companies/fha-loans) - πŸ† **#11** in Maryland for USDA Loans - [View Full Rankings](https://saferate.com/maryland/best-mortgage-lenders/usda-loans) - πŸ† **#11** in Baltimore for FHA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/baltimore/best-mortgage-lenders/mortgage-companies/fha-loans) - πŸ† **#11** in Tallahassee, FL for FHA Loans (Mortgage Companies) - [View Full Rankings](https://saferate.com/tallahassee-fl/best-mortgage-lenders/mortgage-companies/fha-loans) - πŸ† **#12** in Tallahassee, FL Mortgage Companies - [View Full Rankings](https://saferate.com/tallahassee-fl/best-mortgage-lenders/mortgage-companies) ## Frequently Asked Questions ### What loan types does BAY CAPITAL MORTGAGE CORPORATION offer? BAY CAPITAL MORTGAGE CORPORATION offers the following mortgage loan types: FHA, Conventional, VA, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis. ### Where does BAY CAPITAL MORTGAGE CORPORATION offer mortgages? BAY CAPITAL MORTGAGE CORPORATION offers mortgages in 10 states: DC, DE, FL, MD, MI, NC, PA, SC, VA, WV. ### How competitive are BAY CAPITAL MORTGAGE CORPORATION's mortgage rates? BAY CAPITAL MORTGAGE CORPORATION has a pricing score of 32/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks. Their average rate spread is 0.197% above market average. ### What type of lender is BAY CAPITAL MORTGAGE CORPORATION? BAY CAPITAL MORTGAGE CORPORATION is a non-depository lender that specializes in mortgage origination, headquartered in ANNAPOLIS, MD. ### What is BAY CAPITAL MORTGAGE CORPORATION's loan approval success rate? BAY CAPITAL MORTGAGE CORPORATION has a pull-through score of 71/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process. --- ## Data Attribution **Source:** Safe Rate (saferate.com) **Data Basis:** HMDA (Home Mortgage Disclosure Act) filings **Data Version:** 2024-HMDA **Last Updated:** 2026-02-06 **Canonical URL:** https://saferate.com/lenders/bay-capital-mortgage ### How to Cite > "BAY CAPITAL MORTGAGE CORPORATION Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/bay-capital-mortgage --- **[View Interactive Profile β†’](https://saferate.com/lenders/bay-capital-mortgage)**