Baycoast Bank Mortgage Rates, Fees & Info
FALL RIVER, MALEI: 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 4.29% | 11/17/24 |
| 30 Year Conventional Purchase | 6.27% | 11/17/24 |
| 30 Year Conventional Refi | 6.27% | 11/17/24 |
| 30 Year Cash-out Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 7.79% | 11/17/24 |
| 15 Year Conventional Refi | 7.12% | 11/17/24 |
| 15 Year Cash-out Refi | 7.12% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
701Origination Dollar Volume (All Markets)
$115,215,000Top 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 |
|---|---|---|---|---|---|
| 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% |
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.
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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
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
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
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
2023 saw Baycoast Bank place emphasis on $100,000 or less loans with 374 originations, totaling $20,040,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications90.61%
Baycoast Bank has an average approval rate.
Pick Rate
Approvals leading to origination88.59%
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 |