Bayvanguard Bank Mortgage Rates, Fees & Info
Baltimore, MDLEI: 549300LWL6LDRPYWVK06
Tax ID: 52-0390295
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Mortgage Data
Review & Overview
Bayvanguard Bank is a smaller bank specializing in Home Purchase and Refi loans. Bayvanguard Bank has a high proportion of conventional loans. Their top two markets are Baltimore and Washington .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
83Origination Dollar Volume (All Markets)
$24,335,000Top 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) | 80 | $23,210,000 | $290,125 | $0 | 0.00% |
| Outside of Metro Areas | 2 | $900,000 | $450,000 | $0 | 0.00% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 83 | $24,335,000 | $293,193 | $0 | 0.00% |
For 2019, Bayvanguard Bank's most frequently originated type of loan was Conventional, with 83 originations.
Loan Reason
For 2019, Bayvanguard Bank's most frequently cited loan purpose was Home Purchase, with 38 originations. The 2nd most popular reason was Refi, with 30 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 83 | $24,335,000 | $293,193 | $0 | 0.00% |
For 2019, Bayvanguard Bank's most frequently cited loan duration was Other, with 83 originations.
Loan Sizing
2019 saw Bayvanguard Bank place emphasis on $100k-200k loans with 33 originations, totaling $5,035,000 in origination value.
Applicant Income
Bayvanguard Bank lent most frequently to those with incomes in the $100k-150k range, with 11 originations. The second most popular income band? $50k-75k, with 9 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 83 | $24,335,000 | $293,193 | $0 | 0.00% |
Bayvanguard Bank lent most frequently to those with DTI ratios of Exempt%, with 83 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications90.91%
Bayvanguard Bank has an average approval rate.
Pick Rate
Approvals leading to origination80.72%
Bayvanguard Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 83 | $24,335,000 | $293,193 |