Bayvanguard Bank Mortgage Rates, Fees & Info

Baltimore, MD

LEI: 549300LWL6LDRPYWVK06

Tax ID: 52-0390295

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

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.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


Originations

83

Origination Dollar Volume (All Markets)

$24,335,000

Top 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%
Bayvanguard Bank's top markets include Baltimore and Washington among others.

Their top states include:
  • Maryland (FHA|USDA|VA)
  • (FHA|USDA|VA)
  • 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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 38 $10,220,000 $268,947 $0 0.00%
    Refi 30 $12,180,000 $406,000 $0 0.00%
    Other 8 $1,030,000 $128,750 $0 0.00%
    Home Improvement 7 $905,000 $129,286 $0 0.00%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 33 $5,035,000 $152,576 $0 0.00%
    $200k-400k 29 $7,685,000 $265,000 $0 0.00%
    $100,000 or less 11 $565,000 $51,364 $0 0.00%
    $1MM+ 4 $6,940,000 $1,735,000 $0 0.00%
    $400k-600k 3 $1,585,000 $528,333 $0 0.00%
    $600k-1MM 3 $2,525,000 $841,667 $0 0.00%

    2019 saw Bayvanguard Bank place emphasis on $100k-200k loans with 33 originations, totaling $5,035,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 11 $3,885,000 $353,182 $0 0.00%
    $50k-75k 9 $1,155,000 $128,333 $0 0.00%
    $150k-250k 6 $1,040,000 $173,333 $0 0.00%
    $250k+ 6 $4,070,000 $678,333 $0 0.00%
    $75k-100k 5 $1,005,000 $201,000 $0 0.00%
    $50k or less 4 $360,000 $90,000 $0 0.00%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 42 $12,820,000 $305,238 $0 0.00%
    White 37 $8,905,000 $240,676 $0 0.00%
    Not provided 1 $1,405,000 $1,405,000 $0 0.00%
    Black 3 $1,205,000 $401,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    90.91%

    Bayvanguard Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    80.72%

    Bayvanguard Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 83 $24,335,000 $293,193

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 9 $8,515,000 $946,111
    Single Family (1-4 Units):Site-Built 74 $15,820,000 $213,784