# BAY EQUITY LLC

> **Canonical URL:** https://saferate.com/lenders/bay-equity


> **📋 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 EQUITY LLC is a independent mortgage company, headquartered in Glendale, CA, serving borrowers nationwide, with 9,468 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 57% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 35% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 549300PL8ER6H23P0Z91
- **Headquarters:** Glendale, CA
- **Geographic Reach:** National
- **States Served:** 49
- **State List:** AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
- **Markets (MSAs):** 50
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 43/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 65/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.180%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,852
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 9,468
- **Dollar Volume:** $3.9 billion
- **Applications Received:** 13,534
- **Market Share:** 27.00%

## Typical Borrower Profile

- **Average Loan Amount:** $413,057
- **Average Borrower Income:** $164,694
- **Average Property Value:** $542,225

## Safe Rate Awards 🏆

- ⭐ **Conventional Gold Superstar** (70%)
- ⭐ **FHA Gold Superstar** (62%)
- ⭐ **VA Gold Superstar** (62%)
- ⭐ **Purchase Gold Superstar** (70%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 85/100 | 7,129 | +0.138% | $2,757 | Exceptional 🤩 |
| FHA | 85/100 | 1,423 | +0.561% | $3,406 | Exceptional 🤩 |
| VA | 85/100 | 718 | -0.274% | $2,816 | Exceptional 🤩 |
| Jumbo | 80/100 | 171 | +0.316% | $2,668 | Strong 😀 |
| USDA | 53/100 | 27 | +0.297% | $3,164 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 6,767 loans, Score: 86/100 (Exceptional)
- Refinance: 362 loans, Score: 69/100 (Strong)

**FHA:**
- Purchase: 1,365 loans, Score: 86/100 (Exceptional)
- Refinance: 58 loans, Score: 51/100 (Sound)

**VA:**
- Purchase: 701 loans, Score: 85/100 (Exceptional)

**Jumbo:**
- Purchase: 167 loans, Score: 81/100 (Exceptional)

**USDA:**
- Purchase: 27 loans, Score: 53/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 88/100 | 9,027 | $3.8B | +0.180% | Exceptional 🤩 |
| Refinance | 67/100 | 441 | $156M | +0.177% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| WA | 1,068 | 1.26% | 87/100 |
| IL | 896 | 0.72% | 81/100 |
| CA | 824 | 0.29% | 72/100 |
| TX | 823 | 0.24% | 74/100 |
| MD | 617 | 0.88% | 79/100 |
| CO | 609 | 0.73% | 77/100 |
| MN | 460 | 0.71% | 75/100 |
| FL | 398 | 0.14% | 65/100 |
| AZ | 387 | 0.39% | 71/100 |
| VA | 374 | 0.35% | 73/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Chicago | IL | 744 | 81/100 |
| Non |  | 736 | 71/100 |
| Minneapolis | MN-WI | 427 | 75/100 |
| Seattle | WA | 345 | 80/100 |
| Phoenix | AZ | 327 | 71/100 |
| Arlington | VA-WV | 297 | 76/100 |
| Tacoma | WA | 282 | 89/100 |
| Baltimore | MD | 237 | 73/100 |
| Dallas | TX | 233 | 69/100 |
| Frederick | MD | 217 | 83/100 |
| San Diego | CA | 202 | 70/100 |
| Washington, DC | DC-MD | 190 | 77/100 |
| Denver | CO | 185 | 67/100 |
| Portland | OR-WA | 185 | 70/100 |
| Austin | TX | 179 | 72/100 |

## Where This Lender Ranks

BAY EQUITY LLC appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Tacoma for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/tacoma/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🥈 **#2** in Washington for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/washington-state/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🥈 **#2** in Chicago for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/chicago/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🥉 **#3** in Tacoma Mortgage Companies
  - [View Full Rankings](https://saferate.com/tacoma/best-mortgage-lenders/mortgage-companies)
- 🥉 **#3** in Frederick for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/frederick/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🥉 **#3** in Wyoming for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/wyoming/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🥉 **#3** in Wyoming for USDA Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/wyoming/best-mortgage-lenders/mortgage-companies/usda-loans)
- 🥉 **#3** in Olympia for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/olympia/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🥉 **#3** in Lewiston, ID
  - [View Full Rankings](https://saferate.com/lewiston-id/best-mortgage-lenders)
- 🥉 **#3** in Lewiston, ID Mortgage Companies
  - [View Full Rankings](https://saferate.com/lewiston-id/best-mortgage-lenders/mortgage-companies)
- 🥉 **#3** in Lewiston, ID for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/lewiston-id/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🥉 **#3** in Fargo, ND for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/fargo-nd/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🥉 **#3** in Eau Claire, WI for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/eau-claire-wi/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🏆 **#4** in Illinois for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/illinois/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🏆 **#4** in Tacoma for Conventional Loans
  - [View Full Rankings](https://saferate.com/tacoma/best-mortgage-lenders/conventional-loans)
- 🏆 **#4** in Frederick Mortgage Companies
  - [View Full Rankings](https://saferate.com/frederick/best-mortgage-lenders/mortgage-companies)
- 🏆 **#4** in Wyoming for USDA Loans
  - [View Full Rankings](https://saferate.com/wyoming/best-mortgage-lenders/usda-loans)
- 🏆 **#4** in Nevada for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/nevada/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🏆 **#4** in Las Vegas for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/las-vegas/best-mortgage-lenders/mortgage-companies/conventional-loans)
- 🏆 **#4** in Idaho for Conventional Loans (Mortgage Companies)
  - [View Full Rankings](https://saferate.com/idaho/best-mortgage-lenders/mortgage-companies/conventional-loans)

## Frequently Asked Questions

### What loan types does BAY EQUITY LLC offer?

BAY EQUITY LLC offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does BAY EQUITY LLC offer mortgages?

BAY EQUITY LLC is a national lender offering mortgages in all 50 states plus Washington D.C.

### How competitive are BAY EQUITY LLC's mortgage rates?

BAY EQUITY LLC has a pricing score of 43/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.180% above market average.

### What type of lender is BAY EQUITY LLC?

BAY EQUITY LLC is a non-depository lender that specializes in mortgage origination, headquartered in Glendale, CA.

### What is BAY EQUITY LLC's loan approval success rate?

BAY EQUITY LLC has a pull-through score of 65/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## 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-equity

### How to Cite

> "BAY EQUITY LLC Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/bay-equity

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