Bay Capital Mortgage Corporation NMLS #39610
At a glance
- HeadquartersAnnapolis, MD
- Size722 home loans closed in 2025
- Loan typesConventional, FHA and VA
- Licensed in11 states
- Formed in1994
What it closes
Share of its 2025 home loans: 64% Conventional, 19% FHA, 14% VA and 3% Other types.
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Who is Bay Capital Mortgage Corporation?
Bay Capital Mortgage Corporation (NMLS #39610) is a lender listed in the NMLS registry. FreeRateUpdate publishes this review alongside current mortgage rates, a rate finder, and mortgage calculators.
Is Bay Capital Mortgage Corporation legit?
Here's what public licensing records show. Bay Capital Mortgage Corporation holds mortgage licenses in 11 states, including District of Columbia, Florida, Georgia, Maryland, Michigan (NMLS ID #39610, per NMLS records as of October 1, 2026). FreeRateUpdate publishes a Score built from public data and our own records. It does not endorse or vouch for any lender. You can confirm any lender's license yourself at nmlsconsumeraccess.org.
Key Facts
- Lender or brokerBay Capital Mortgage Corporation
- NMLS #39610
- Verified by FreeRateUpdateCompany name and NMLS ID, checked against NMLS on
- Profile updated
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About Bay Capital Mortgage Corporation
Overview
Bay Capital Mortgage Corporation is a mortgage banker that works with home loan borrowers. Borrowers can begin with the company by choosing a branch or an advisor.
Mortgage options
Bay Capital Mortgage Corporation supports home purchase loans, mortgage refinancing, and loans that let borrowers take out equity for another project.
Locations
Bay Capital Mortgage Corporation has 19 branches in Florida, Maryland, Pennsylvania, Texas, and Virginia.
Company details and licensing
Bay Capital Mortgage Corporation is a corporation formed in Maryland on February 10, 1994. Its headquarters are at 2553 Housley Road, Suite 200, Annapolis, Maryland 21401. The company uses the trade names Bay Banc Mortgage Corporation and Bay Mortgage Corporation. Its NMLS company ID is 39610.
Bay Capital Mortgage Corporation is licensed in Alabama, District of Columbia, Delaware, Florida, Georgia, Maryland, Michigan, North Carolina, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, and West Virginia.
Verify NMLS #39610 on NMLS Consumer Access
Sources
Sources last checked . These are the outside records this profile was written from. FreeRateUpdate is not affiliated with them, and they have not reviewed, endorsed, or approved FreeRateUpdate or this page.
Formation date and trade names come from NMLS registry records. FreeRateUpdate is not affiliated with NMLS, and NMLS has not reviewed, endorsed, or approved FreeRateUpdate or this page.
Additional information
Reported application outcomes and pricing, 2025
- Filed asBAY CAPITAL MORTGAGE CORPORATION
- 2025 home loan decisionsOf 786 applications decided by BAY CAPITAL MORTGAGE CORPORATION in 2025, 722 were originated, 1 was approved but not accepted by the borrower, and 63 were denied.
- Approval rate: approved (originated plus approved but not accepted) as a share of applications decided (approved plus denied) = 92%. Withdrawn, incomplete and purchased loans are not counted.
- Withdrawn, incomplete and purchasedBeyond the decisions above, 125 applications were withdrawn by the borrower, 0 were closed for incompleteness, and 0 loans were purchased from another lender. HMDA counts these as outcomes in their own right — withdrawn before a decision, closed with no decision reached, and a purchased loan is one bought from another lender — and none of them is a lending decision.
- Median rate spread0.131 percentage points above the average prime offer rate (reported on 720 originations, 2 reported no spread at all — a median of what was reported, not of everything originated)
These are reported outcomes from past applications, and on their own they do not show how this lender treated any borrower.
Reported closing costs, 2025
- Median total loan costs$8,225.60 — originated closed-end household loans, 2025, 700 of 720 loans. FFIEC HMDA data browser.
- Median origination charges$2,875.00 — originated closed-end household loans, 2025, 719 of 720 loans. FFIEC HMDA data browser.
- About these figuresThese are historical closing costs reported in the 2025 filing, not a quote for your loan.
Reported product mix, 2025
- Loan types462 Conventional, 137 FHA, 103 VA, 20 USDA — of 722 reported originations, 2025. FFIEC HMDA data browser.
Evidence read October 20, 2026
Source: FFIEC HMDA data browser, 2025 filing. Historical HMDA-reported application outcomes and pricing fields for BAY CAPITAL MORTGAGE CORPORATION — historical outcomes for the applications it decided. This is not a statement of any consumer's likelihood of approval and not a current rate quote.
Frequently Asked Questions
Is Bay Capital Mortgage Corporation legit?
Here's what public licensing records show. Bay Capital Mortgage Corporation holds mortgage licenses in 11 states, including District of Columbia, Florida, Georgia, Maryland, Michigan (NMLS ID #39610, per NMLS records as of October 1, 2026). FreeRateUpdate publishes a Score built from public data and our own records. It does not endorse or vouch for any lender. You can confirm any lender's license yourself at nmlsconsumeraccess.org.
What is Bay Capital Mortgage Corporation's NMLS number?
Bay Capital Mortgage Corporation's NMLS number is 39610. You can look up its license status on NMLS Consumer Access, at nmlsconsumeraccess.org.
Has FreeRateUpdate verified Bay Capital Mortgage Corporation's NMLS ID?
Yes. We checked Bay Capital Mortgage Corporation's company name and NMLS ID against the NMLS record on October 14, 2026. That confirms who the company is. It isn't an endorsement, and it doesn't check their license in any particular state.
Where can I learn more about Bay Capital Mortgage Corporation?
This page has Bay Capital Mortgage Corporation's NMLS identity, which we verified, and its company details, with links to the records they come from where we have them. For its license status in a particular state, check NMLS Consumer Access.