Lenders › Bay Equity LLC › Washington
Bay Equity LLC in Washington
HMDA record for properties in Washington, calendar year 2024. National record · Washington overview
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
In Washington, Bay Equity LLC reported 1,622 applications and 1,111 originations for 2024, $574m in all.
Its denial rate in the state was 5.4%, below the Washington rate of 21.3% across all lenders and compared with the lender's national rate of 4.9%.
The median rate spread on its Washington originations was 0.1 percentage points (state median 0.4).
Applications in the state were up 19% on 2023.
Compared with the state and the lender's national record
| Measure | In Washington | Washington, all lenders | Bay Equity LLC, all states | United States |
|---|---|---|---|---|
| Denial rate | 5.4% | 21.3% | 4.9% | 24.3% |
| Median rate spread, pp | 0.1 | 0.4 | 0.2 | 0.3 |
| Originations with spread of 1.5 pp or more | 1.0% | 15.8% | 1.9% | 15.6% |
| Average originated loan | $517k | $440k | $408k | $329k |
| Home purchase share | 95.3% | 54.5% | 95.1% | 57.0% |
| FHA-insured share | 12.1% | 9.9% | 15.2% | 13.4% |
| VA-guaranteed share | 11.1% | 8.6% | 7.8% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateWashington, all lenders
Loan purpose and loan type in Washington
By purpose
Home purchase 95% (1,059)Refinancing 2% (19)Cash-out refinancing 3% (33)
By type
Conventional 77% (851)FHA 12% (134)VA 11% (123)USDA 0% (3)
Denial reasons as coded
Share of 64 denials in Washington by first denial reason coded (outlined bar: all lenders in the state).
Counties in Washington
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| King County | 487 | 349 | $219m | 3.8% |
| Pierce County | 423 | 301 | $143m | 5.6% |
| Snohomish County | 194 | 121 | $68m | 9.7% |
| Thurston County | 136 | 97 | $44m | 4.9% |
| Kitsap County | 62 | 39 | $17m | 0.0% |
| Clark County | 52 | 30 | $15m | 6.3% |
| Spokane County | 39 | 25 | $9.4m | 0.0% |
| Skagit County | 40 | 22 | $12m | 14.8% |
| Asotin County | 28 | 19 | $5.5m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Bay Equity LLC originate in Washington in 2024?
1,111 loans totalling $574m, from 1,622 applications reported for properties in Washington.
What is Bay Equity LLC's denial rate in Washington?
5.4% of decided applications in Washington were denied, against 21.3% for all lenders in the state and 4.9% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Washington counties does Bay Equity LLC lend in most?
By originations: King County (349), Pierce County (301), Snohomish County (121), Thurston County (97), Kitsap County (39).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Washington. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.