Baycoast Bank Mortgage Rates, Fees & Info

FALL RIVER, MA

LEI: 549300OTLWFQPOOSC346

Tax ID: 04-1178460

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Mortgage Data

Review & Overview

Baycoast Bank is a smaller bank specializing in Home Improvement and Home Purchase loans. Baycoast Bank has a high proportion of conventional loans. Their top markets by origination volume include: Providence, Boston, Vineyard Haven, Worcester, and Bridgeport among others. We have data for 42 markets. (Some data included below & more in-depth data is available with an active subscription.)

Baycoast 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.

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SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 4.29% 3/28/24
30 Year Conventional Purchase 6.27% 3/28/24
30 Year Conventional Refi 6.27% 3/28/24
30 Year Cash-out Refi 6.27% 3/28/24
15 Year Conventional Purchase 7.79% 3/28/24
15 Year Conventional Refi 7.12% 3/28/24
15 Year Cash-out Refi 7.12% 3/28/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Baycoast Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Baycoast Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

701

Origination Dollar Volume (All Markets)

$115,215,000

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
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 433 $80,085,000 $184,954 $38 7.77%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 70 $9,530,000 $136,143 $127 7.89%
Vineyard Haven, MA (FHA|USDA|VA) 19 $6,415,000 $337,632 $0 7.66%
WORCESTER, MA-CT (FHA|USDA|VA) 23 $5,175,000 $225,000 $98 7.80%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 10 $2,100,000 $210,000 $0 7.28%
Outside of Metro Areas 5 $1,745,000 $349,000 $0 6.74%
BARNSTABLE TOWN, MA (FHA|USDA|VA) 10 $1,570,000 $157,000 $0 7.65%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 25 $1,445,000 $57,800 $0 7.94%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 19 $1,355,000 $71,316 $0 7.91%
SALISBURY, MD-DE (FHA|USDA|VA) 8 $1,030,000 $128,750 $0 7.69%
SPRINGFIELD, MA (FHA|USDA|VA) 10 $510,000 $51,000 $0 8.50%
MANCHESTER-NASHUA, NH (FHA|USDA|VA) 4 $400,000 $100,000 $0 8.63%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 4 $400,000 $100,000 $0 7.96%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 5 $325,000 $65,000 $0 8.25%
Concord, NH (FHA|USDA|VA) 4 $300,000 $75,000 $0 8.06%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 3 $255,000 $85,000 $0 8.00%
YUMA, AZ (FHA|USDA|VA) 6 $240,000 $40,000 $0 8.29%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 3 $225,000 $75,000 $0 7.83%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $195,000 $65,000 $0 8.33%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 3 $175,000 $58,333 $0 8.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 3 $155,000 $51,667 $0 8.83%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 3 $155,000 $51,667 $0 7.88%
Show Low, AZ (FHA|USDA|VA) 1 $115,000 $115,000 $0 8.50%
TUCSON, AZ (FHA|USDA|VA) 3 $115,000 $38,333 $0 8.67%
Torrington, CT (FHA|USDA|VA) 2 $100,000 $50,000 $0 7.25%
GRAND RAPIDS-KENTWOOD, MI (FHA|USDA|VA) 2 $100,000 $50,000 $0 7.75%
Keene, NH (FHA|USDA|VA) 1 $95,000 $95,000 $0 9.25%
NORWICH-NEW LONDON, CT (FHA|USDA|VA) 2 $90,000 $45,000 $0 8.25%
KINGSTON, NY (FHA|USDA|VA) 1 $85,000 $85,000 $0 7.50%
BUFFALO-CHEEKTOWAGA, NY (FHA|USDA|VA) 3 $85,000 $28,333 $0 8.08%
BOISE CITY, ID (FHA|USDA|VA) 1 $85,000 $85,000 $0 8.00%
ROCHESTER, NY (FHA|USDA|VA) 1 $85,000 $85,000 $0 8.00%
Berlin, NH (FHA|USDA|VA) 2 $70,000 $35,000 $0 8.13%
Payson, AZ (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.50%
Astoria, OR (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.00%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.00%
Laconia, NH (FHA|USDA|VA) 1 $55,000 $55,000 $0 9.00%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $45,000 $45,000 $0 8.75%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.63%
SYRACUSE, NY (FHA|USDA|VA) 1 $35,000 $35,000 $0 8.75%
SEBRING-AVON PARK, FL (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.50%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $25,000 $25,000 $0 9.50%
Baycoast Bank's top markets include Providence, Boston, Vineyard Haven, Worcester, and Bridgeport among others.

Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • New York (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against BayCoast Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Charter Oak Federal Credit Union
    Similarity Rank: 32
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    OCEAN STATE CREDIT UNION
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    FALL RIVER MUNICIPAL CREDIT UNION
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    Piscataqua Savings Bank
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    Cape Cod Co-operative Bank
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    St. Mary's Credit Union
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 419 $67,205,000 $160,394 n/a 7.66%
    Conventional 282 $48,010,000 $170,248 $47 8.06%

    For 2023, Baycoast Bank's most frequently originated type of loan was HELOC, with 419 originations. Their 2nd most popular type was Conventional, with 282 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 231 $44,045,000 $190,671 $20 7.72%
    Home Purchase 195 $29,425,000 $150,897 $490 8.01%
    Other 166 $17,530,000 $105,602 $59 7.76%
    Cash Out Refi 93 $15,575,000 $167,473 $36 7.87%
    Refi 16 $8,640,000 $540,000 $0 7.32%

    For 2023, Baycoast Bank's most frequently cited loan purpose was Home Improvement, with 231 originations. The 2nd most popular reason was Home Purchase, with 195 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 484 $70,550,000 $145,764 $0 7.66%
    15 Year 126 $8,760,000 $69,524 $58 8.48%
    Other 38 $28,290,000 $744,474 $0 7.46%
    10 Year 37 $5,255,000 $142,027 $52 8.27%
    5 Year 15 $545,000 $36,333 $0 7.30%
    1 Year 1 $1,815,000 $1,815,000 $0 8.50%

    For 2023, Baycoast Bank's most frequently cited loan duration was 20 Year, with 484 originations. The 2nd most popular length was 15 Year, with 126 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 86 $6,230,000 $72,442

    Baycoast Bank's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 86 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 346 $60,060,000 $173,584
    7-8% 173 $23,445,000 $135,520
    6-7% 171 $25,425,000 $148,684
    5-6% 5 $2,945,000 $589,000
    4-5% 4 $2,780,000 $695,000
    2.5-3% 1 $95,000 $95,000
    3-4% 1 $465,000 $465,000

    During 2023, Baycoast Bank's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was Over 8%, with 346 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 374 $20,040,000 $53,583 $39 7.95%
    $100k-200k 181 $23,785,000 $131,409 $88 7.69%
    $200k-400k 108 $28,570,000 $264,537 $0 7.73%
    $400k-600k 21 $9,975,000 $475,000 $0 7.43%
    $1MM+ 11 $28,775,000 $2,615,909 $0 7.23%
    $600k-1MM 6 $4,070,000 $678,333 $0 7.58%

    2023 saw Baycoast Bank place emphasis on $100,000 or less loans with 374 originations, totaling $20,040,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 142 $21,190,000 $149,225 $69 7.79%
    $100k-150k 140 $18,730,000 $133,786 $59 7.81%
    $50k-75k 120 $8,690,000 $72,417 $9 8.00%
    $75k-100k 103 $8,145,000 $79,078 $11 7.78%
    $250k+ 86 $22,920,000 $266,512 $0 7.58%
    $50k or less 81 $4,295,000 $53,025 $161 8.09%

    Baycoast Bank lent most frequently to those with incomes in the $150k-250k range, with 142 originations. The second most popular income band? $100k-150k, with 140 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 136 $19,850,000 $145,956 $10 7.66%
    30-36% 116 $13,110,000 $113,017 $61 7.86%
    <20% 59 $8,485,000 $143,814 $0 7.75%
    38% 37 $3,355,000 $90,676 $0 7.95%
    50-60% 36 $4,960,000 $137,778 $15 7.88%
    37% 29 $3,295,000 $113,621 $71 8.05%
    36% 28 $3,320,000 $118,571 $0 8.04%
    43% 28 $2,520,000 $90,000 $37 7.88%
    44% 26 $2,530,000 $97,308 $0 7.99%
    42% 24 $2,110,000 $87,917 $327 7.92%
    46% 24 $2,930,000 $122,083 $0 8.10%
    40% 23 $2,925,000 $127,174 $0 7.82%
    39% 23 $2,425,000 $105,435 $0 8.03%
    47% 21 $2,215,000 $105,476 $197 7.83%
    45% 19 $1,395,000 $73,421 $1 8.01%
    49% 17 $3,065,000 $180,294 $0 7.69%
    41% 15 $1,445,000 $96,333 $0 7.57%
    48% 11 $1,225,000 $111,364 $0 7.27%
    >60% 3 $1,865,000 $621,667 $0 8.33%

    Baycoast Bank lent most frequently to those with DTI ratios of 20-30%, with 136 originations. The next most common DTI ratio? 30-36%, with 116 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 583 $71,145,000 $122,033 $41 7.87%
    Not applicable 21 $28,555,000 $1,359,762 $0 7.32%
    Not provided 73 $12,985,000 $177,877 $140 7.60%
    Black 9 $1,035,000 $115,000 $0 7.33%
    Asian 6 $670,000 $111,667 $0 8.29%
    American Indian 3 $315,000 $105,000 $0 7.67%
    Filipino 2 $210,000 $105,000 $0 8.00%
    Asian Indian 1 $145,000 $145,000 $0 7.00%
    Korean 1 $95,000 $95,000 $0 8.50%
    Other Pacific Islander 1 $35,000 $35,000 $0 8.75%
    Other Asian 1 $25,000 $25,000 $0 8.25%

    Approval Rates

    Total approvals of all applications
    90.61%

    Baycoast Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    88.59%

    Baycoast Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1006.75 6 $500,000 $83,333
    1015.2 7 $455,000 $65,000
    1026.2 1 $75,000 $75,000
    1027.2 2 $160,000 $80,000
    1029.6 22 $1,500,000 $68,182
    1041.6 13 $775,000 $59,615
    1115.2 4 $380,000 $95,000
    1128.6 2 $120,000 $60,000
    1129.6 14 $940,000 $67,143
    159.0 2 $80,000 $40,000
    615.2 1 $85,000 $85,000
    629.6 1 $55,000 $55,000
    672.2 1 $25,000 $25,000
    686.6 2 $150,000 $75,000
    693.75 4 $260,000 $65,000
    727.2 4 $470,000 $117,500
    741.6 13 $635,000 $48,846
    760.2 1 $35,000 $35,000
    829.6 1 $55,000 $55,000
    897.2 4 $210,000 $52,500
    911.5 1 $155,000 $155,000
    911.6 6 $350,000 $58,333
    918.75 7 $465,000 $66,429
    927.2 3 $245,000 $81,667
    941.6 23 $1,385,000 $60,217
    984.6 1 $55,000 $55,000
    985.2 6 $360,000 $60,000
    999.5 3 $105,000 $35,000
    999.6 10 $610,000 $61,000
    NA 536 $104,520,000 $195,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    701 $115,215,000 $164,358

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 169 $35,245,000 $208,550 $47 7.61%
    40-60% 71 $22,415,000 $315,704 $163 7.76%
    60-80% 93 $15,055,000 $161,882 $0 8.06%
    80-100% 53 $4,115,000 $77,642 $0 8.20%
    Over 100% 1 $12,625,000 $12,625,000 $0 9.00%
    Under 20% 314 $25,760,000 $82,038 $42 7.81%