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BAY CAPITAL MORTGAGE CORPORATION
Independent Mortgage Company|ANNAPOLIS, MD|Multi-Region
Loans Originated
826
Applications
1,040
Volume
$302 million
Offers loans directly to consumers
Overall Pricing
Acceptable
Overall Pull Through
Strong
Safe Rate Awards⭐FHA Superstar
Pricing and Pullthrough Overview
Average Rate Spread
+0.197%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$3,615
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
79.4%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and USDA loans
Things to Think About
- Pricing may be below industry average
Report Card
BAY CAPITAL MORTGAGE CORPORATION performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Acceptable | Near industry average | |
Pull Through Closing Strength | Strong | Highly Competitive | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Strong | Highly Competitive | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
USDA | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Strong | Highly Competitive | |
Refinance | Sound | Industry Standard | |
Places Geographic coverage | Strong | Multi-Regional · 9 metro areas · 10 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$366,574
Average Borrower Income
$148,582
Average Property Value
$452,373
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Sound | Strong | Acceptable | Strong | 541 | 65.5% | +0.221% | $3,655 |
FHA Loans | Strong | Strong | Sound | Strong | 162 | 19.6% | +0.402% | $3,668 |
VA Loans | Sound | Strong | Acceptable | Exceptional | 90 | 10.9% | -0.380% | $3,437 |
USDA Loans | Strong | Strong | N/A | Strong | 27 | 3.3% | -0.057% | $2,738 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Sound | Strong | Acceptable | Strong | 771 | 93.3% | +0.193% | $3,663 |
Refinance | Sound | Sound | Acceptable | Strong | 55 | 6.7% | +0.249% | $3,012 |
Geographic Coverage
Metro Areas
8
States Served
10
We count Washington DC as a state
Avg Place Specialization
Strong
States with Loan Originations
DCDEFLMDMINCPASCVAWV
Top Metro Areas by Place Specialization Score
1
Baltimore, MDMSA
Volume: 334Mix: 40.44%
Place Specialization
Exceptional
2
Salisbury, MD, MDMSA
Volume: 29Mix: 3.51%
Place Specialization
Strong
3
Lexington Park, MD, MDMSA
Volume: 81Mix: 9.81%
Place Specialization
Strong
4
Gettysburg, PA, PAMSA
Volume: 29Mix: 3.51%
Place Specialization
Strong
5
Tallahassee, FL, FLMSA
Volume: 41Mix: 4.96%
Place Specialization
Strong
6
Washington, DC, DC-MDMSA
Volume: 51Mix: 6.17%
Place Specialization
Strong
7
Frederick, MDMSA
Volume: 41Mix: 4.96%
Place Specialization
Strong
8
Hagerstown, MD-WVMSA
Volume: 23Mix: 2.78%
Place Specialization
Sound
Top States by Place Specialization Score
1
MDState
Volume: 660Mix: 79.90%
Place Specialization
Exceptional
2
PAState
Volume: 53Mix: 6.42%
Place Specialization
Sound
3
FLState
Volume: 78Mix: 9.44%
Place Specialization
Sound
4
DEState
Volume: 11Mix: 1.33%
Place Specialization
Sound
5
VAState
Volume: 10Mix: 1.21%
Place Specialization
Acceptable
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
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