Baycoast Bank Mortgage Rates, Fees & Info

FALL RIVER, MA

LEI: 549300OTLWFQPOOSC346

Tax ID: 04-1178460

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

Review & Overview

Baycoast Bank is a smaller bank specializing in Home Purchase and Home Improvement loans. Baycoast Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Providence, Boston, Hartford, Phoenix, and Worcester among others. We have data for 85 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. They typically have about average rates.

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.

SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
Home Equity Line of Credit (HELOC)	4.29%	4/28/24
30 Year Conventional Purchase	6.27%	4/28/24
30 Year Conventional Refi	6.27%	4/28/24
30 Year Cash-out Refi	6.27%	4/28/24
15 Year Conventional Purchase	7.79%	4/28/24
15 Year Conventional Refi	7.12%	4/28/24
15 Year Cash-out Refi	7.12%	4/28/24
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

Purchase Price:

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Interest Rate:

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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

1,707

Origination Dollar Volume (All Markets)

$309,075,000

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)	931	$207,175,000	$222,530	$35	3.55%
Boston-Cambridge-Newton, MA-NH (FHA\|USDA\|VA)	180	$31,420,000	$174,556	$0	3.88%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA\|USDA\|VA)	11	$16,795,000	$1,526,818	$0	5.46%
PHOENIX-MESA-CHANDLER, AZ (FHA\|USDA\|VA)	130	$8,600,000	$66,154	$0	5.57%
WORCESTER, MA-CT (FHA\|USDA\|VA)	43	$5,265,000	$122,442	$0	3.94%
BARNSTABLE TOWN, MA (FHA\|USDA\|VA)	21	$4,975,000	$236,905	$0	3.17%
Vineyard Haven, MA (FHA\|USDA\|VA)	10	$2,920,000	$292,000	$0	4.32%
NORWICH-NEW LONDON, CT (FHA\|USDA\|VA)	9	$2,615,000	$290,556	$0	4.57%
New York-Newark-Jersey City, NY-NJ-PA (FHA\|USDA\|VA)	28	$2,430,000	$86,786	$0	5.67%
NEW HAVEN-MILFORD, CT (FHA\|USDA\|VA)	6	$2,340,000	$390,000	$0	4.92%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA\|USDA\|VA)	13	$1,655,000	$127,308	$0	2.72%
Detroit-Warren-Dearborn, MI (FHA\|USDA\|VA)	24	$1,510,000	$62,917	$0	5.80%
SALISBURY, MD-DE (FHA\|USDA\|VA)	13	$1,305,000	$100,385	$0	5.38%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA\|USDA\|VA)	15	$1,245,000	$83,000	$0	5.84%
SPRINGFIELD, MA (FHA\|USDA\|VA)	19	$1,225,000	$64,474	$0	5.96%
TUCSON, AZ (FHA\|USDA\|VA)	20	$1,080,000	$54,000	$0	5.74%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA\|USDA\|VA)	18	$1,070,000	$59,444	$0	5.99%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA\|USDA\|VA)	10	$950,000	$95,000	$0	5.31%
GRAND RAPIDS-KENTWOOD, MI (FHA\|USDA\|VA)	15	$925,000	$61,667	$0	5.77%
MANCHESTER-NASHUA, NH (FHA\|USDA\|VA)	10	$870,000	$87,000	$0	5.41%
Outside of Metro Areas	4	$850,000	$212,500	$0	4.43%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA\|USDA\|VA)	13	$765,000	$58,846	$0	6.04%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA\|USDA\|VA)	7	$675,000	$96,429	$0	5.62%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA\|USDA\|VA)	8	$620,000	$77,500	$0	6.23%
ATLANTIC CITY-HAMMONTON, NJ (FHA\|USDA\|VA)	8	$600,000	$75,000	$0	4.86%
ALBANY-SCHENECTADY-TROY, NY (FHA\|USDA\|VA)	11	$585,000	$53,182	$0	5.87%
LAKELAND-WINTER HAVEN, FL (FHA\|USDA\|VA)	6	$550,000	$91,667	$0	5.73%
North Port-Sarasota-Bradenton, FL (FHA\|USDA\|VA)	6	$520,000	$86,667	$0	5.44%
Seattle-Tacoma-Bellevue, WA (FHA\|USDA\|VA)	4	$460,000	$115,000	$0	5.26%
YUMA, AZ (FHA\|USDA\|VA)	8	$450,000	$56,250	$0	5.62%
DOVER, DE (FHA\|USDA\|VA)	5	$445,000	$89,000	$0	6.06%
PITTSBURGH, PA (FHA\|USDA\|VA)	7	$395,000	$56,429	$0	6.19%
Show Low, AZ (FHA\|USDA\|VA)	3	$365,000	$121,667	$0	5.97%
CAPE CORAL-FORT MYERS, FL (FHA\|USDA\|VA)	4	$340,000	$85,000	$0	5.64%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA\|USDA\|VA)	6	$330,000	$55,000	$0	4.99%
SALEM, OR (FHA\|USDA\|VA)	4	$300,000	$75,000	$0	5.33%
MONROE, MI (FHA\|USDA\|VA)	7	$285,000	$40,714	$0	5.83%
Concord, NH (FHA\|USDA\|VA)	4	$260,000	$65,000	$0	5.22%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA\|USDA\|VA)	3	$235,000	$78,333	$0	5.38%
LANSING-EAST LANSING, MI (FHA\|USDA\|VA)	2	$210,000	$105,000	$0	5.95%
OCEAN CITY, NJ (FHA\|USDA\|VA)	2	$190,000	$95,000	$0	5.45%
Holland, MI (FHA\|USDA\|VA)	1	$185,000	$185,000	$0	5.74%
LAKE HAVASU CITY-KINGMAN, AZ (FHA\|USDA\|VA)	2	$180,000	$90,000	$0	5.39%
Laconia, NH (FHA\|USDA\|VA)	2	$160,000	$80,000	$0	5.72%
EAST STROUDSBURG, PA (FHA\|USDA\|VA)	1	$145,000	$145,000	$0	5.74%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA\|USDA\|VA)	3	$145,000	$48,333	$0	5.20%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA\|USDA\|VA)	2	$120,000	$60,000	$0	6.98%
EUGENE-SPRINGFIELD, OR (FHA\|USDA\|VA)	2	$110,000	$55,000	$0	5.22%
KINGSTON, NY (FHA\|USDA\|VA)	2	$110,000	$55,000	$0	5.34%
PITTSFIELD, MA (FHA\|USDA\|VA)	2	$110,000	$55,000	$0	5.58%
YAKIMA, WA (FHA\|USDA\|VA)	1	$105,000	$105,000	$0	5.83%
Keene, NH (FHA\|USDA\|VA)	2	$100,000	$50,000	$0	6.60%
PUNTA GORDA, FL (FHA\|USDA\|VA)	1	$85,000	$85,000	$0	5.95%
NILES, MI (FHA\|USDA\|VA)	2	$80,000	$40,000	$0	5.70%
PORTLAND-SOUTH PORTLAND, ME (FHA\|USDA\|VA)	2	$80,000	$40,000	$0	6.09%
Astoria, OR (FHA\|USDA\|VA)	2	$80,000	$40,000	$0	5.33%
Shelton, WA (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	5.45%
Nogales, AZ (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	6.24%
Lebanon, NH-VT (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	4.70%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	5.95%
BINGHAMTON, NY (FHA\|USDA\|VA)	1	$75,000	$75,000	$0	5.95%
Cadillac, MI (FHA\|USDA\|VA)	2	$70,000	$35,000	$0	5.95%
SYRACUSE, NY (FHA\|USDA\|VA)	2	$70,000	$35,000	$0	6.33%
GLENS FALLS, NY (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	4.70%
Pottsville, PA (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	5.74%
LONGVIEW, TX (FHA\|USDA\|VA)	1	$65,000	$65,000	$0	5.74%
UTICA-ROME, NY (FHA\|USDA\|VA)	2	$60,000	$30,000	$0	5.83%
Sturgis, MI (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	5.95%
YORK-HANOVER, PA (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	4.95%
Moses Lake, WA (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	5.74%
Adrian, MI (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	5.95%
THE VILLAGES, FL (FHA\|USDA\|VA)	1	$55,000	$55,000	$0	4.95%
Hudson, NY (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	4.95%
Roseburg, OR (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	4.95%
TRENTON-PRINCETON, NJ (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	4.95%
BUFFALO-CHEEKTOWAGA, NY (FHA\|USDA\|VA)	1	$45,000	$45,000	$0	5.20%
HOMOSASSA SPRINGS, FL (FHA\|USDA\|VA)	1	$35,000	$35,000	$0	6.45%
OCALA, FL (FHA\|USDA\|VA)	1	$35,000	$35,000	$0	6.24%
ALBANY-LEBANON, OR (FHA\|USDA\|VA)	1	$35,000	$35,000	$0	5.95%
ROCHESTER, NY (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	6.24%
HARRISBURG-CARLISLE, PA (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	6.45%
Payson, AZ (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	6.95%
KALAMAZOO-PORTAGE, MI (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	5.20%
STAUNTON, VA (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	7.20%
ELMIRA, NY (FHA\|USDA\|VA)	1	$25,000	$25,000	$0	5.45%

Baycoast Bank's top markets include Providence, Boston, Hartford, Phoenix, and Worcester among others.

Their top states include:

Massachusetts (FHA|USDA|VA)

Rhode Island (FHA|USDA|VA)

Connecticut (FHA|USDA|VA)

Arizona (FHA|USDA|VA)

Florida (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.

Homestar Mortgage, Inc.
Similarity Rank: 8

Rhode Island Credit Union
Similarity Rank: 15

SOMERSET
Similarity Rank: 21

QUINCY CREDIT UNION
Similarity Rank: 50

Direct Federal Credit Union
Similarity Rank: 115

FALL RIVER MUNICIPAL CREDIT UNION
Similarity Rank: 129

Middlesex Savings Bank
Similarity Rank: 195

ALIGN CREDIT UNION
Similarity Rank: 200

Piscataqua Savings Bank
Similarity Rank: 200

Sharon & Crescent United Credit Union
Similarity Rank: 212

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
HELOC	937	$157,615,000	$168,212	n/a	3.09%
Conventional	769	$151,415,000	$196,899	$32	5.56%
USDA	1	$45,000	$45,000	$0	6.74%

For 2022, Baycoast Bank's most frequently originated type of loan was HELOC, with 937 originations. Their 2nd most popular type was Conventional, with 769 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	564	$123,670,000	$219,273	$98	5.52%
Home Improvement	471	$62,075,000	$131,794	$18	3.32%
Other	361	$54,995,000	$152,341	$55	3.52%
Cash Out Refi	195	$43,925,000	$225,256	$5	3.27%
Refi	116	$24,410,000	$210,431	$0	5.12%

For 2022, Baycoast Bank's most frequently cited loan purpose was Home Purchase, with 564 originations. The 2nd most popular reason was Home Improvement, with 471 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
20 Year	1,386	$187,930,000	$135,592	$0	3.92%
Other	145	$50,375,000	$347,414	$0	5.46%
15 Year	112	$8,080,000	$72,143	$53	5.61%
10 Year	48	$15,190,000	$316,458	$4	5.21%
5 Year	13	$9,925,000	$763,462	$0	4.71%
3 Year	2	$8,020,000	$4,010,000	$0	4.92%
30 Year	1	$29,555,000	$29,555,000	$0	4.00%

For 2022, Baycoast Bank's most frequently cited loan duration was 20 Year, with 1,386 originations. The 2nd most popular length was Other, with 145 originations.

Origination Fees/Closing Costs

Origination Fee/Closing Cost	Originations	Total Value	Average Loan
$<1k	99	$7,495,000	$75,707

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 99 originations.

Interest Rates

Loan Rate	Originations	Total Value	Average Loan
<2.5%	449	$75,895,000	$169,031
5-6%	375	$53,355,000	$142,280
4-5%	331	$66,795,000	$201,798
2.5-3%	208	$33,700,000	$162,019
3-4%	180	$64,040,000	$355,778
6-7%	148	$13,200,000	$89,189
7-8%	10	$1,720,000	$172,000
Over 8%	6	$370,000	$61,667

During 2022, Baycoast Bank's average interest rate for loans was 4.00%, while their most frequently originated rate bucket for loans was <2.5%, with 449 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100,000 or less	921	$52,845,000	$57,378	$9	4.63%
$100k-200k	413	$52,955,000	$128,220	$0	3.82%
$200k-400k	254	$66,070,000	$260,118	$355	3.43%
$400k-600k	73	$35,395,000	$484,863	$0	3.85%
$1MM+	24	$85,820,000	$3,575,833	$0	4.37%
$600k-1MM	22	$15,990,000	$726,818	$0	3.76%

2022 saw Baycoast Bank place emphasis on $100,000 or less loans with 921 originations, totaling $52,845,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$50k-75k	360	$30,630,000	$85,083	$0	4.75%
$100k-150k	302	$39,300,000	$130,132	$22	3.88%
$50k or less	276	$18,530,000	$67,138	$0	5.20%
$150k-250k	275	$47,515,000	$172,782	$67	3.32%
$75k-100k	243	$25,775,000	$106,070	$44	4.01%
$250k+	140	$40,460,000	$289,000	$163	3.34%

Baycoast Bank lent most frequently to those with incomes in the $50k-75k range, with 360 originations. The second most popular income band? $100k-150k, with 302 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-30%	385	$46,315,000	$120,299	$0	4.06%
30-36%	319	$37,535,000	$117,665	$27	4.53%
<20%	170	$28,340,000	$166,706	$82	3.53%
50-60%	92	$16,230,000	$176,413	$3	3.31%
39%	62	$6,750,000	$108,871	$0	4.40%
36%	56	$7,250,000	$129,464	$98	4.44%
42%	55	$5,995,000	$109,000	$0	4.66%
37%	53	$5,085,000	$95,943	$0	4.97%
43%	53	$6,575,000	$124,057	$0	4.42%
44%	53	$5,905,000	$111,415	$0	4.32%
40%	51	$5,515,000	$108,137	$0	4.39%
41%	47	$5,535,000	$117,766	$0	4.40%
38%	47	$4,225,000	$89,894	$230	4.75%
45%	38	$4,690,000	$123,421	$0	3.99%
47%	30	$3,930,000	$131,000	$98	4.01%
48%	30	$3,640,000	$121,333	$0	4.53%
46%	25	$3,255,000	$130,200	$0	3.71%
>60%	24	$4,790,000	$199,583	$213	3.07%
49%	20	$3,200,000	$160,000	$0	3.70%

Baycoast Bank lent most frequently to those with DTI ratios of 20-30%, with 385 originations. The next most common DTI ratio? 30-36%, with 319 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	1,390	$175,270,000	$126,094	$36	4.18%
Not applicable	67	$96,785,000	$1,444,552	$0	5.41%
Not provided	193	$27,525,000	$142,617	$0	4.05%
Asian	15	$3,765,000	$251,000	$0	4.06%
Black	26	$2,930,000	$112,692	$0	3.80%
Asian Indian	4	$840,000	$210,000	$0	3.37%
Chinese	1	$555,000	$555,000	$0	2.49%
Filipino	1	$525,000	$525,000	$0	3.50%
American Indian	4	$470,000	$117,500	$0	5.53%
Other Pacific Islander	3	$225,000	$75,000	$0	4.28%
Other Asian	3	$185,000	$61,667	$0	3.98%

Approval Rates

Total approvals of all applications
93.18%

Baycoast Bank has an average approval rate.

Pick Rate

Approvals leading to origination
89.92%

Baycoast Bank has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
1000.0	1	$75,000	$75,000
1006.75	88	$5,480,000	$62,273
159.0	3	$245,000	$81,667
592.25	1	$45,000	$45,000
671.5	7	$465,000	$66,429
672.5	2	$50,000	$25,000
678.75	35	$2,155,000	$61,571
679.25	9	$765,000	$85,000
680.75	1	$25,000	$25,000
686.5	6	$430,000	$71,667
693.25	1	$45,000	$45,000
693.75	26	$1,730,000	$66,538
71.0	1	$95,000	$95,000
759.5	2	$120,000	$60,000
766.75	8	$740,000	$92,500
767.25	1	$105,000	$105,000
774.5	5	$355,000	$71,000
781.75	7	$305,000	$43,571
896.5	26	$2,310,000	$88,846
897.5	7	$375,000	$53,571
903.75	58	$4,420,000	$76,207
904.25	14	$1,030,000	$73,571
911.5	20	$1,600,000	$80,000
918.75	64	$4,790,000	$74,844
984.5	45	$3,395,000	$75,444
985.5	9	$695,000	$77,222
991.75	82	$5,570,000	$67,927
992.25	10	$570,000	$57,000
999.5	51	$3,975,000	$77,941
NA	1,117	$267,115,000	$239,136

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	1,707	$309,075,000	$181,063

LTV Distribution

Loan to Value	Originations	Total Value	Average Loan	Average Fees	Average Rate
20-40%	419	$77,105,000	$184,021	$83	3.44%
40-60%	200	$47,180,000	$235,900	$245	4.16%
60-80%	292	$108,650,000	$372,089	$0	5.30%
80-100%	241	$25,595,000	$106,203	$0	5.91%
Under 20%	555	$50,545,000	$91,072	$14	3.48%