Baycoast Mortgage Company Rates, Fees & Info
SWANSEA, MALEI: 549300SYR11CYON0JE74
Tax ID: 46-2886385
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Baycoast Mortgage Company is a small mortgage company specializing in Refi and Home Purchase loans. Baycoast Mortgage Company has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Providence, Boston, Bridgeport, Worcester, and Washington among others. We have data for 47 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 a low 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 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.36% | 4/21/24 |
| 30 Year Conventional Refi | 6.27% | 4/21/24 |
| 30 Year Cash-out Refi | 6.46% | 4/21/24 |
| 30 Year FHA Purchase | 7.19% | 4/21/24 |
| 30 Year FHA Refi | 6.40% | 4/21/24 |
| 30 Year VA Purchase | 5.74% | 4/21/24 |
| 15 Year Conventional Purchase | 4.24% | 4/21/24 |
| 15 Year Conventional Refi | 5.64% | 4/21/24 |
| 15 Year Cash-out Refi | 5.64% | 4/21/24 |
| 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
3,100Origination Dollar Volume (All Markets)
$1,017,200,000Awards
BAYCOAST MORTGAGE COMPANY - 2020
BAYCOAST MORTGAGE COMPANY is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
Work for BAYCOAST MORTGAGE COMPANY?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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) | 1,887 | $552,965,000 | $293,039 | $2,857 | 3.09% |
| Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) | 617 | $247,495,000 | $401,126 | $2,968 | 3.11% |
| BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) | 144 | $70,240,000 | $487,778 | $3,349 | 3.07% |
| WORCESTER, MA-CT (FHA|USDA|VA) | 123 | $36,005,000 | $292,724 | $2,982 | 3.01% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 63 | $26,965,000 | $428,016 | $2,965 | 2.93% |
| BARNSTABLE TOWN, MA (FHA|USDA|VA) | 52 | $17,080,000 | $328,462 | $3,172 | 3.13% |
| HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) | 37 | $10,705,000 | $289,324 | $2,897 | 2.94% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 20 | $7,700,000 | $385,000 | $2,990 | 2.93% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 23 | $6,225,000 | $270,652 | $3,292 | 3.18% |
| Outside of Metro Areas | 12 | $5,680,000 | $473,333 | $3,814 | 2.94% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 14 | $4,470,000 | $319,286 | $3,320 | 3.11% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 13 | $4,425,000 | $340,385 | $2,767 | 2.93% |
| Vineyard Haven, MA (FHA|USDA|VA) | 5 | $2,545,000 | $509,000 | $3,472 | 3.35% |
| Torrington, CT (FHA|USDA|VA) | 7 | $2,335,000 | $333,571 | $2,722 | 3.13% |
| Lebanon, NH-VT (FHA|USDA|VA) | 6 | $2,090,000 | $348,333 | $2,832 | 2.92% |
| MANCHESTER-NASHUA, NH (FHA|USDA|VA) | 6 | $1,850,000 | $308,333 | $2,409 | 3.46% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 8 | $1,790,000 | $223,750 | $3,233 | 3.28% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 6 | $1,630,000 | $271,667 | $3,391 | 2.98% |
| NORWICH-NEW LONDON, CT (FHA|USDA|VA) | 6 | $1,460,000 | $243,333 | $2,224 | 2.85% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 5 | $1,405,000 | $281,000 | $3,262 | 3.03% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $1,250,000 | $312,500 | $4,726 | 3.09% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 4 | $1,130,000 | $282,500 | $2,781 | 2.88% |
| LYNCHBURG, VA (FHA|USDA|VA) | 4 | $1,100,000 | $275,000 | $2,750 | 3.06% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $2,627 | 2.83% |
| SPRINGFIELD, MA (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $2,162 | 2.94% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $560,000 | $280,000 | $2,753 | 2.81% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 4 | $560,000 | $140,000 | $2,778 | 3.13% |
| Key West, FL (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 3.50% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $3,747 | 3.38% |
| PITTSFIELD, MA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $2,325 | 3.00% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $3,058 | 2.63% |
| OCEAN CITY, NJ (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $3,194 | 2.75% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $2,931 | 2.75% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,766 | 3.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $3,318 | 3.44% |
| Georgetown, SC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $2,763 | 3.13% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $2,624 | 2.75% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $1,902 | 3.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $2,507 | 4.00% |
| LANCASTER, PA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $3,900 | 2.63% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,188 | 2.88% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,864 | 3.75% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,078 | 2.75% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,104 | 2.13% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $2,876 | 2.50% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,733 | 2.75% |
| Berlin, NH (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 4.13% |
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.
Similarity Rank: 134
Similarity Rank: 166
Similarity Rank: 169
Similarity Rank: 174
Similarity Rank: 247
Similarity Rank: 252
Similarity Rank: 258
Similarity Rank: 259
Similarity Rank: 266
Similarity Rank: 304
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 3,067 | $1,006,895,000 | $328,300 | $2,867 | 3.08% |
| FHA | 33 | $10,305,000 | $312,273 | $8,511 | 3.01% |
For 2020, Baycoast Mortgage Company's most frequently originated type of loan was Conventional, with 3,067 originations. Their 2nd most popular type was FHA, with 33 originations.
Loan Reason
For 2020, Baycoast Mortgage Company's most frequently cited loan purpose was Refi, with 1,768 originations. The 2nd most popular reason was Cash Out Refi, with 660 originations.
Loan Duration/Length
For 2020, Baycoast Mortgage Company's most frequently cited loan duration was 30 Year, with 2,062 originations. The 2nd most popular length was 15 Year, with 518 originations.
Origination Fees/Closing Costs
Baycoast Mortgage Company's average total fees were $3,083, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,707 originations.
Interest Rates
During 2020, Baycoast Mortgage Company's average interest rate for loans was 3.21%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,296 originations.
Loan Sizing
2020 saw Baycoast Mortgage Company place emphasis on $200k-400k loans with 1,810 originations, totaling $528,860,000 in origination value.
Applicant Income
Baycoast Mortgage Company lent most frequently to those with incomes in the $100k-150k range, with 829 originations. The second most popular income band? $150k-250k, with 750 originations.
Applicant Debt to Income Ratio
Baycoast Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 827 originations. The next most common DTI ratio? 30-36%, with 577 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.24%
Baycoast Mortgage Company has an average approval rate.
Pick Rate
Approvals leading to origination82.10%
Baycoast Mortgage Company has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 3,100 | $1,017,200,000 | $328,129 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 3,100 | $1,017,200,000 | $328,129 |