Bay Equity Home Loans NMLS #76988
At a glance
- HeadquartersCorte Madera, CA
- Size4,443 home loans closed in 2025
- Loan typesConventional, FHA and VA
- Formed in2007
2025 figures are for BAY EQUITY LLC's filing.
What it closes
Share of its 2025 home loans: 77% Conventional, 16% FHA, 7% VA and 0% Other types.
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Who is Bay Equity Home Loans?
Bay Equity Home Loans (NMLS #76988) is a lender listed in the NMLS registry. FreeRateUpdate publishes this review alongside current mortgage rates, a rate finder, and mortgage calculators.
Key Facts
- Lender or brokerBay Equity Home Loans
- NMLS #76988
- Verified by FreeRateUpdateCompany name and NMLS ID, checked against NMLS on
- In the FreeRateUpdate network since
- Profile updated
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About Bay Equity Home Loans
Overview
Bay Equity Home Loans is a mortgage company with a registered network of local branches in multiple regions of the United States. Borrowers may also encounter the company through registered trade names connected to the same legal entity.
Locations
Bay Equity Home Loans has 197 branches in 39 states. Its branch network includes offices in California, Washington, Oregon, Arizona, Colorado, Texas, Florida, Georgia, North Carolina and Pennsylvania, among other states.
Company details and licensing
The legal entity is Bay Equity LLC, a California limited liability company formed on June 12, 2007. Registered trade names include Bay Equity Home Loans, Redfin Mortgage and Covenant Mortgage.
Headquarters is at 770 Tamalpais Drive, Suite 207, Corte Madera, California 94925. NMLS company ID: 76988. Licensing is verifiable through NMLS Consumer Access.
Verify NMLS #76988 on NMLS Consumer Access
Sources
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 EQUITY LLC
- 2025 home loan decisionsOf 4,703 applications decided by BAY EQUITY LLC in 2025, 4,443 were originated, 32 were approved but not accepted by the borrower, and 228 were denied.
- Approval rate: approved (originated plus approved but not accepted) as a share of applications decided (approved plus denied) = 95.2%. Withdrawn, incomplete and purchased loans are not counted.
- Withdrawn, incomplete and purchasedBeyond the decisions above, 1,823 applications were withdrawn by the borrower, 26 were closed for incompleteness, and 0 loans were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 spread0.171 percentage points above the average prime offer rate (reported on 4,443 originations)
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$6,154.72 — originated closed-end household loans, 2025, 4,437 of 4,443 loans. FFIEC HMDA data browser.
- Median origination charges$1,993.00 — originated closed-end household loans, 2025, 4,443 loans. FFIEC HMDA data browser.
- Median lender credits$370.25 — originated closed-end household loans, 2025, 2,458 of 4,443 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 types3,402 Conventional, 696 FHA, 332 VA, 13 USDA — of 4,443 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 EQUITY LLC — 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
What is Bay Equity Home Loans's NMLS number?
Bay Equity Home Loans's NMLS number is 76988. You can look up its license status on NMLS Consumer Access, at nmlsconsumeraccess.org.
Has FreeRateUpdate verified Bay Equity Home Loans's NMLS ID?
Yes. We checked Bay Equity Home Loans's company name and NMLS ID against the NMLS record on August 7, 2026. They've been in our lender network since March 2012. 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 Equity Home Loans?
This page has Bay Equity Home Loans'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.