Baycoast Mortgage Company Rates, Fees & Info
SWANSEA, MALEI: 549300SYR11CYON0JE74
Tax ID: 46-2886385
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Mortgage Data
Review & Overview
Baycoast Mortgage Company is a smaller mortgage company specializing in Home Purchase loans. Baycoast Mortgage Company has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Providence, Boston, Worcester, Vineyard Haven, and Barnstable Town among others. We have data for 36 markets. (Some data included below & more in-depth data is available with an active subscription.)Baycoast Mortgage Company 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. Baycoast Mortgage Company is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.36% | 11/17/24 |
| 30 Year Conventional Refi | 6.27% | 11/17/24 |
| 30 Year Cash-out Refi | 6.46% | 11/17/24 |
| 30 Year FHA Purchase | 7.19% | 11/17/24 |
| 30 Year FHA Refi | 6.40% | 11/17/24 |
| 30 Year VA Purchase | 5.74% | 11/17/24 |
| 15 Year Conventional Purchase | 4.24% | 11/17/24 |
| 15 Year Conventional Refi | 5.64% | 11/17/24 |
| 15 Year Cash-out Refi | 5.64% | 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 Mortgage Company Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Baycoast Mortgage Company. 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
762Origination Dollar Volume (All Markets)
$325,770,000Awards
BAYCOAST MORTGAGE COMPANY - 2023
BAYCOAST MORTGAGE COMPANY is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Baycoast Mortgage Company's average 30 year fixed mortgage rate was
6.54%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.06%.
Relative Fees (Closing Costs)
Baycoast Mortgage Company's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,905.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
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) | 513 | $209,535,000 | $408,450 | $4,859 | 6.54% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 102 | $53,430,000 | $523,824 | $4,663 | 6.40% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 54 | $18,560,000 | $343,704 | $4,913 | 6.36% |
| Vineyard Haven, MA (FHA|USDA|VA) | 18 | $12,530,000 | $696,111 | $5,475 | 7.04% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 12 | $5,700,000 | $475,000 | $5,893 | 6.46% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 2 | $2,850,000 | $1,425,000 | $10,013 | 7.19% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 10 | $2,550,000 | $255,000 | $3,586 | 5.58% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $2,345,000 | $469,000 | $9,040 | 6.98% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 5 | $2,145,000 | $429,000 | $7,052 | 6.33% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 3 | $1,865,000 | $621,667 | $6,425 | 6.67% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 4 | $1,860,000 | $465,000 | $5,171 | 6.16% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 4 | $1,660,000 | $415,000 | $3,415 | 7.13% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 2 | $1,430,000 | $715,000 | $4,996 | 6.31% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $1,290,000 | $645,000 | $6,693 | 6.88% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $4,776 | 6.56% |
| Lebanon, NH-VT (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $0 | 7.06% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $4,746 | 6.63% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $4,103 | 6.63% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $5,906 | 6.13% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $495,000 | $495,000 | $4,754 | 7.38% |
| Concord, NH (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $3,706 | 5.13% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $5,277 | 6.50% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 7.00% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,391 | 6.13% |
| OCALA, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $4,783 | 6.38% |
| Outside of Metro Areas | 1 | $315,000 | $315,000 | $3,482 | 7.25% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 7.25% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,758 | 7.63% |
| Laconia, NH (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $2,670 | 6.38% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,758 | 8.13% |
| THE VILLAGES, FL (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,879 | 6.00% |
| GREENVILLE, NC (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,301 | 7.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $3,311 | 6.00% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 6.63% |
| Orangeburg, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,326 | 7.63% |
| Keene, NH (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,973 | 6.13% |
Their top states include:
Similar Lenders
We use machine learning to identify the top lenders compared against BAYCOAST MORTGAGE COMPANY 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 |
|---|---|---|---|---|---|
| Conventional | 706 | $301,880,000 | $427,592 | $4,380 | 6.54% |
| FHA | 42 | $16,930,000 | $403,095 | $11,136 | 6.29% |
| VA | 14 | $6,960,000 | $497,143 | $9,814 | 5.96% |
For 2023, Baycoast Mortgage Company's most frequently originated type of loan was Conventional, with 706 originations. Their 2nd most popular type was FHA, with 42 originations.
Loan Reason
For 2023, Baycoast Mortgage Company's most frequently cited loan purpose was Home Purchase, with 625 originations. The 2nd most popular reason was Cash Out Refi, with 64 originations.
Loan Duration/Length
For 2023, Baycoast Mortgage Company's most frequently cited loan duration was 30 Year, with 685 originations. The 2nd most popular length was 30+ year, with 44 originations.
Origination Fees/Closing Costs
Baycoast Mortgage Company's average total fees were $4,905, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 521 originations.
Interest Rates
During 2023, Baycoast Mortgage Company's average interest rate for loans was 6.54%, while their most frequently originated rate bucket for loans was 6-7%, with 342 originations.
Loan Sizing
2023 saw Baycoast Mortgage Company place emphasis on $200k-400k loans with 332 originations, totaling $102,320,000 in origination value.
Applicant Income
Baycoast Mortgage Company lent most frequently to those with incomes in the $100k-150k range, with 209 originations. The second most popular income band? $150k-250k, with 209 originations.
Applicant Debt to Income Ratio
Baycoast Mortgage Company lent most frequently to those with DTI ratios of 30-36%, with 127 originations. The next most common DTI ratio? 20-30%, with 107 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.02%
Baycoast Mortgage Company has an average approval rate.
Pick Rate
Approvals leading to origination74.80%
Baycoast Mortgage Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 762 | $325,770,000 | $427,520 |