Baycoast Mortgage Company Rates, Fees & Info

SWANSEA, MA

LEI: 549300SYR11CYON0JE74

Tax ID: 46-2886385

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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% 12/16/24
    30 Year Conventional Refi 6.27% 12/16/24
    30 Year Cash-out Refi 6.46% 12/16/24
    30 Year FHA Purchase 7.19% 12/16/24
    30 Year FHA Refi 6.40% 12/16/24
    30 Year VA Purchase 5.74% 12/16/24
    15 Year Conventional Purchase 4.24% 12/16/24
    15 Year Conventional Refi 5.64% 12/16/24
    15 Year Cash-out Refi 5.64% 12/16/24
    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

    3,100

    Origination Dollar Volume (All Markets)

    $1,017,200,000
    Show all (14) awards

    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%
    Baycoast Mortgage Company's top markets include Providence, Boston, Bridgeport, Worcester, and Washington among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Virginia (FHA|USDA|VA)

    • 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.

    The First National Bank of Long Island
    Similarity Rank: 134
    Homestar Mortgage, Inc.
    Similarity Rank: 166
    SOMERSET
    Similarity Rank: 169
    Florence Bank
    Similarity Rank: 174
    North Jersey Federal Credit Union
    Similarity Rank: 247
    OCEAN STATE CREDIT UNION
    Similarity Rank: 252
    LUSO-AMERICAN CREDIT UNION
    Similarity Rank: 258
    GREATER SPRINGFIELD CREDIT UNION
    Similarity Rank: 259
    Stafford Savings Bank
    Similarity Rank: 266
    DADE COUNTY FEDERAL CREDIT UNION
    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,768 $567,120,000 $320,769 $2,536 2.97%
    Cash Out Refi 660 $198,570,000 $300,864 $2,759 3.18%
    Home Purchase 653 $244,975,000 $375,153 $4,159 3.29%
    Home Improvement 13 $3,825,000 $294,231 $3,577 3.41%
    Other 6 $2,710,000 $451,667 $3,401 3.04%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 2,062 $710,420,000 $344,530 $3,083 3.21%
    15 Year 518 $141,080,000 $272,355 $2,485 2.61%
    20 Year 275 $76,345,000 $277,618 $2,408 2.94%
    Other 109 $35,095,000 $321,972 $2,387 3.06%
    30+ year 85 $44,435,000 $522,765 $4,716 3.66%
    10 Year 51 $9,825,000 $192,647 $2,207 2.46%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,707 $880,585,000 $325,299
    $<1k 135 $44,355,000 $328,556
    $2k-3k 75 $30,595,000 $407,933
    $5k+ 19 $17,015,000 $895,526
    $3k-4k 18 $8,830,000 $490,556
    $4k-5k 9 $3,515,000 $390,556

    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

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,296 $416,970,000 $321,736
    3-4% 1,287 $443,925,000 $344,930
    <2.5% 415 $116,945,000 $281,795
    4-5% 91 $36,735,000 $403,681
    5-6% 11 $2,625,000 $238,636

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,810 $528,860,000 $292,188 $2,811 3.07%
    $400k-600k 584 $273,940,000 $469,075 $3,236 3.12%
    $100k-200k 525 $84,865,000 $161,648 $2,358 3.01%
    $600k-1MM 108 $81,720,000 $756,667 $4,773 3.35%
    $100,000 or less 41 $3,305,000 $80,610 $2,180 2.93%
    $1MM+ 32 $44,510,000 $1,390,938 $6,975 3.34%

    2020 saw Baycoast Mortgage Company place emphasis on $200k-400k loans with 1,810 originations, totaling $528,860,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 829 $260,565,000 $314,312 $2,925 3.10%
    $150k-250k 750 $288,700,000 $384,933 $2,997 3.07%
    $75k-100k 549 $150,695,000 $274,490 $2,906 3.10%
    $50k-75k 472 $106,540,000 $225,720 $2,795 3.09%
    $250k+ 314 $171,840,000 $547,261 $3,487 3.08%
    $50k or less 119 $20,795,000 $174,748 $2,638 3.01%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 827 $271,505,000 $328,301 $2,733 3.01%
    30-36% 577 $186,615,000 $323,423 $2,844 3.11%
    <20% 380 $127,510,000 $335,553 $2,776 2.96%
    38% 119 $38,695,000 $325,168 $2,985 3.12%
    36% 112 $35,190,000 $314,196 $2,905 3.07%
    44% 109 $34,655,000 $317,936 $3,038 3.18%
    40% 109 $36,335,000 $333,349 $3,183 3.21%
    42% 94 $31,700,000 $337,234 $2,977 3.19%
    41% 94 $30,010,000 $319,255 $3,158 3.05%
    37% 91 $31,545,000 $346,648 $2,944 3.08%
    43% 88 $27,840,000 $316,364 $3,295 3.13%
    39% 83 $28,055,000 $338,012 $3,254 3.24%
    49% 76 $23,990,000 $315,658 $3,010 3.06%
    45% 67 $22,145,000 $330,522 $3,158 3.21%
    48% 63 $22,325,000 $354,365 $3,531 3.25%
    46% 60 $18,650,000 $310,833 $3,207 3.12%
    47% 55 $18,285,000 $332,455 $3,271 3.19%
    50-60% 39 $15,995,000 $410,128 $5,823 3.39%
    >60% 10 $3,710,000 $371,000 $5,636 4.25%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,583 $847,965,000 $328,287 $2,931 3.09%
    Not provided 419 $139,125,000 $332,041 $2,905 3.05%
    Asian 40 $12,450,000 $311,250 $2,831 2.94%
    Black 36 $10,060,000 $279,444 $3,402 3.38%
    Asian Indian 7 $2,435,000 $347,857 $2,561 3.05%
    American Indian 7 $2,335,000 $333,571 $2,484 2.93%
    Vietnamese 2 $880,000 $440,000 $5,425 2.88%
    Native Hawaiian or Islander 1 $575,000 $575,000 $3,121 2.50%
    Chinese 1 $395,000 $395,000 $2,636 3.25%
    Other Asian 1 $375,000 $375,000 $2,783 3.00%
    Other Pacific Islander 2 $330,000 $165,000 $2,489 2.75%
    Filipino 1 $275,000 $275,000 $2,048 2.50%

    Approval Rates

    Total approvals of all applications
    94.24%

    Baycoast Mortgage Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.10%

    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

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 195 $42,375,000 $217,308 $2,481 2.86%
    40-60% 740 $213,580,000 $288,622 $2,529 2.89%
    60-80% 1,500 $524,210,000 $349,473 $2,838 3.14%
    80-100% 641 $231,925,000 $361,817 $3,716 3.23%
    Under 20% 21 $4,315,000 $205,476 $2,637 2.81%