# BAY CAPITAL MORTGAGE CORPORATION

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

> **📋 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 🙂
- Score: 32/100
- Rating: ●●○○○ (2/5)

### Pull Through: Strong 😀
- 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

## Safe Rate Awards 🏆

- ⭐ **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 😀 |
| FHA | 72/100 | 162 | +0.402% | $3,668 | Strong 😀 |
| VA | 72/100 | 90 | -0.380% | $3,437 | Strong 😀 |
| USDA | 79/100 | 27 | -0.057% | $2,738 | Strong 😀 |

### 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 😀 |
| 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 |

## 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:** 2026-05-29
**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 →](https://saferate.com/lenders/bay-capital-mortgage)**