Lender profile · HMDA 2023–2025
Bay Equity LLC mortgage approval rates & lending data
Bay Equity LLC decided 21,731 mortgage applications and funded 20,421 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 95% | 18,519 / 19,459 | 99% | $385K | 18,385 |
| Cash-out refinance | 85% | 422 / 497 | 98% | $295K | 414 |
| Refinance | 89% | 255 / 285 | 99% | $395K | 253 |
| Investment property purchase | 94% | 1,253 / 1,337 | 100% | $265K | 1,248 |
| Investment cash-out refinance | 83% | 96 / 115 | 97% | $215K | 93 |
| Investment refinance | 74% | 28 / 38 | 100% | $295K | 28 |
Bay Equity LLC lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Washington | 95% | $465K | 2,479 | 2,323 |
| Illinois | 95% | $285K | 2,432 | 2,301 |
| California | 95% | $585K | 2,107 | 1,982 |
| Texas | 97% | $325K | 1,732 | 1,661 |
| Maryland | 95% | $435K | 1,544 | 1,448 |
| Florida | 90% | $345K | 1,215 | 1,087 |
| Minnesota | 97% | $285K | 1,069 | 1,022 |
| Colorado | 97% | $425K | 1,007 | 972 |
| Arizona | 95% | $385K | 973 | 917 |
| Virginia | 97% | $485K | 814 | 786 |
| Georgia | 94% | $375K | 636 | 595 |
| Pennsylvania | 94% | $255K | 617 | 578 |
| North Carolina | 94% | $355K | 612 | 575 |
| Oregon | 93% | $405K | 585 | 544 |
| Massachusetts | 94% | $495K | 569 | 531 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.