# BAY

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


> **📋 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 is a credit union, headquartered in Capitola, CA, with 133 loans originated in the most recent reporting period.

**At a Glance:**
- **Approval Rate:** Ranks in the top 56% for loan approval success

## Overview

- **Institution Type:** Credit Union
- **LEI (Legal Entity Identifier):** 549300KZC4KKV3F7W494
- **Headquarters:** Capitola, CA
- **Geographic Reach:** Single State
- **States Served:** 1
- **State List:** CA
- **Markets (MSAs):** 2
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pull Through: Sound ☺️
- Score: 44/100
- Rating: ●●●○○ (3/5)


### Lending Volume
- **Total Loans:** 133
- **Dollar Volume:** $78 million
- **Applications Received:** 203
- **Market Share:** 0.00%

## Typical Borrower Profile

- **Average Loan Amount:** $588,459
- **Average Borrower Income:** $195,504
- **Average Property Value:** $1,063,571

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 57/100 | 126 | -0.276% | $-2,213 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 98 loans, Score: 56/100 (Sound)
- Refinance: 28 loans, Score: 53/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 56/100 | 103 | $67M | -0.276% | Sound ☺️ |
| Refinance | 55/100 | 30 | $11M | - | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| CA | 133 | 0.05% | 67/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Santa Cruz | CA | 91 | 96/100 |
| Salinas, CA | CA | 17 | 63/100 |

## Where This Lender Ranks

BAY appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Santa Cruz for Jumbo Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/santa-cruz/best-mortgage-lenders/credit-unions/jumbo-loans)
- 🥉 **#3** in Santa Cruz for Conventional Loans (Credit Unions)
  - [View Full Rankings](https://saferate.com/santa-cruz/best-mortgage-lenders/credit-unions/conventional-loans)
- 🏆 **#11** in Santa Cruz
  - [View Full Rankings](https://saferate.com/santa-cruz/best-mortgage-lenders)
- 🏆 **#11** in Santa Cruz for Jumbo Loans
  - [View Full Rankings](https://saferate.com/santa-cruz/best-mortgage-lenders/jumbo-loans)

## Frequently Asked Questions

### What loan types does BAY offer?

BAY offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does BAY offer mortgages?

BAY offers mortgages in 1 states: CA.

### What type of lender is BAY?

BAY is a member-owned financial cooperative that typically offers competitive rates to its members, headquartered in Capitola, CA.

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

BAY has a pull-through score of 44/100 (Sound). 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

### How to Cite

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

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**[View Interactive Profile →](https://saferate.com/lenders/bay)**