Bayvanguard Bank Mortgage Rates, Fees & Info
Baltimore, MDLEI: 549300LWL6LDRPYWVK06
Tax ID: 52-0390295
Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Bayvanguard Bank is a smaller bank specializing in Home Purchase loans. Bayvanguard Bank has a high proportion of conventional loans. Their top markets by origination volume include: Baltimore, Salisbury, Cambridge, and Easton among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Bayvanguard Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
57Origination Dollar Volume (All Markets)
$20,055,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 37 | $14,555,000 | $393,378 | $0 | 0.00% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 11 | $3,435,000 | $312,273 | $0 | 0.00% |
| Cambridge, MD (FHA|USDA|VA) | 5 | $825,000 | $165,000 | $0 | 0.00% |
| Easton, MD (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $480,000 | $240,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 57 | $20,055,000 | $351,842 | $0 | 0.00% |
For 2024, Bayvanguard Bank's most frequently originated type of loan was Conventional, with 57 originations.
Loan Reason
For 2024, Bayvanguard Bank's most frequently cited loan purpose was Home Purchase, with 43 originations. The 2nd most popular reason was Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 57 | $20,055,000 | $351,842 | $0 | 0.00% |
For 2024, Bayvanguard Bank's most frequently cited loan duration was Other, with 57 originations.
Loan Sizing
2024 saw Bayvanguard Bank place emphasis on $200k-400k loans with 23 originations, totaling $6,935,000 in origination value.
Applicant Income
Bayvanguard Bank lent most frequently to those with incomes in the $250k+ range, with 16 originations. The second most popular income band? $150k-250k, with 10 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 57 | $20,055,000 | $351,842 | $0 | 0.00% |
Bayvanguard Bank lent most frequently to those with DTI ratios of Exempt%, with 57 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.10%
Bayvanguard Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination78.95%
Bayvanguard Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 57 | $20,055,000 | $351,842 |