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, Home Purchase, and Cash Out Refi 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 Barnstable Town among others. We have data for 46 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

    3,051

    Origination Dollar Volume (All Markets)

    $1,082,835,000
    Show all (8) 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) 1,931 $619,305,000 $320,717 $3,161 2.85%
    Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 510 $214,500,000 $420,588 $3,123 2.79%
    BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 138 $80,740,000 $585,072 $3,863 2.72%
    WORCESTER, MA-CT (FHA|USDA|VA) 156 $45,870,000 $294,038 $3,332 2.82%
    BARNSTABLE TOWN, MA (FHA|USDA|VA) 59 $25,125,000 $425,847 $3,348 2.79%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 42 $17,260,000 $410,952 $3,054 2.51%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 18 $11,950,000 $663,889 $5,633 2.96%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 27 $8,225,000 $304,630 $3,112 2.75%
    Outside of Metro Areas 13 $7,855,000 $604,231 $4,432 2.68%
    SPRINGFIELD, MA (FHA|USDA|VA) 19 $5,495,000 $289,211 $3,497 2.92%
    NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 16 $5,420,000 $338,750 $3,248 2.77%
    New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 13 $5,395,000 $415,000 $3,030 2.59%
    MANCHESTER-NASHUA, NH (FHA|USDA|VA) 17 $4,955,000 $291,471 $2,630 2.63%
    Laconia, NH (FHA|USDA|VA) 5 $3,135,000 $627,000 $3,677 2.93%
    Lebanon, NH-VT (FHA|USDA|VA) 8 $2,610,000 $326,250 $3,430 2.72%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 8 $2,420,000 $302,500 $2,682 2.59%
    NORWICH-NEW LONDON, CT (FHA|USDA|VA) 7 $2,135,000 $305,000 $3,007 2.77%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 6 $1,880,000 $313,333 $3,731 2.85%
    TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 6 $1,680,000 $280,000 $4,059 3.08%
    HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 3 $1,535,000 $511,667 $2,988 2.83%
    Torrington, CT (FHA|USDA|VA) 4 $1,460,000 $365,000 $2,650 2.78%
    North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,240,000 $310,000 $3,701 2.75%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 4 $1,210,000 $302,500 $2,829 3.09%
    Concord, NH (FHA|USDA|VA) 4 $1,040,000 $260,000 $2,971 2.94%
    PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $955,000 $955,000 $4,726 2.63%
    PUNTA GORDA, FL (FHA|USDA|VA) 2 $800,000 $400,000 $3,939 2.50%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 2 $760,000 $380,000 $4,282 2.88%
    JACKSONVILLE, FL (FHA|USDA|VA) 3 $695,000 $231,667 $3,152 2.33%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 2 $690,000 $345,000 $3,195 3.13%
    Keene, NH (FHA|USDA|VA) 2 $670,000 $335,000 $3,073 2.38%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 3 $635,000 $211,667 $2,745 2.75%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $580,000 $290,000 $3,807 3.63%
    AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 1 $545,000 $545,000 $3,103 3.88%
    OCEAN CITY, NJ (FHA|USDA|VA) 1 $545,000 $545,000 $3,123 2.88%
    RALEIGH-CARY, NC (FHA|USDA|VA) 1 $545,000 $545,000 $3,913 2.75%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $495,000 $495,000 $4,724 2.38%
    Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $465,000 $465,000 $4,134 2.75%
    Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $425,000 $425,000 $3,677 2.88%
    CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 3 $395,000 $131,667 $2,827 3.21%
    WILMINGTON, NC (FHA|USDA|VA) 1 $285,000 $285,000 $4,059 3.00%
    LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $205,000 $205,000 $3,982 2.88%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $195,000 $195,000 $2,224 2.50%
    Vineyard Haven, MA (FHA|USDA|VA) 1 $155,000 $155,000 $0 3.88%
    WINSTON-SALEM, NC (FHA|USDA|VA) 1 $155,000 $155,000 $2,938 2.63%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $105,000 $105,000 $2,350 2.38%
    Berlin, NH (FHA|USDA|VA) 1 $95,000 $95,000 $3,152 3.25%
    Baycoast Mortgage Company's top markets include Providence, Boston, Bridgeport, Worcester, and Barnstable Town among others.

    Their top states include:
  • Massachusetts (FHA|USDA|VA)
  • Rhode Island (FHA|USDA|VA)
  • Connecticut (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • New Hampshire (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.

    SOMERSET
    Similarity Rank: 87
    N C P D Federal Credit Union
    Similarity Rank: 102
    Homestar Mortgage, Inc.
    Similarity Rank: 156
    DADE COUNTY FEDERAL CREDIT UNION
    Similarity Rank: 167
    Freedom Credit Union
    Similarity Rank: 266
    GREATER SPRINGFIELD CREDIT UNION
    Similarity Rank: 336
    Schuyler Savings Bank
    Similarity Rank: 352
    FALL RIVER MUNICIPAL CREDIT UNION
    Similarity Rank: 396
    Florence Bank
    Similarity Rank: 400
    OCEAN STATE CREDIT UNION
    Similarity Rank: 405

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,014 $1,071,180,000 $355,401 $3,149 2.83%
    FHA 37 $11,655,000 $315,000 $8,704 2.74%

    For 2021, Baycoast Mortgage Company's most frequently originated type of loan was Conventional, with 3,014 originations. Their 2nd most popular type was FHA, with 37 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,401 $451,395,000 $322,195 $2,687 2.60%
    Home Purchase 818 $362,100,000 $442,665 $4,411 3.14%
    Cash Out Refi 789 $255,995,000 $324,455 $2,966 2.88%
    Other 23 $8,445,000 $367,174 $3,304 2.97%
    Home Improvement 20 $4,900,000 $245,000 $3,250 3.03%

    For 2021, Baycoast Mortgage Company's most frequently cited loan purpose was Refi, with 1,401 originations. The 2nd most popular reason was Home Purchase, with 818 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,834 $724,050,000 $394,793 $3,487 3.09%
    15 Year 758 $202,760,000 $267,493 $2,608 2.23%
    20 Year 182 $52,240,000 $287,033 $2,756 2.80%
    10 Year 110 $26,830,000 $243,909 $2,552 2.07%
    30+ year 95 $54,235,000 $570,895 $5,153 3.36%
    Other 72 $22,720,000 $315,556 $2,618 2.82%

    For 2021, Baycoast Mortgage Company's most frequently cited loan duration was 30 Year, with 1,834 originations. The 2nd most popular length was 15 Year, with 758 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,596 $915,100,000 $352,504
    $<1k 108 $36,310,000 $336,204
    $2k-3k 98 $43,730,000 $446,224
    $3k-4k 30 $13,720,000 $457,333
    $5k+ 21 $13,605,000 $647,857
    $4k-5k 10 $7,150,000 $715,000

    Baycoast Mortgage Company's average total fees were $3,487, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,596 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,193 $442,305,000 $370,750
    <2.5% 908 $271,840,000 $299,383
    3-4% 897 $346,555,000 $386,349
    4-5% 52 $21,860,000 $420,385
    5-6% 1 $275,000 $275,000

    During 2021, Baycoast Mortgage Company's average interest rate for loans was 3.09%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,193 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,574 $456,960,000 $290,318 $2,992 2.83%
    $400k-600k 623 $297,735,000 $477,905 $3,601 2.86%
    $100k-200k 546 $86,050,000 $157,601 $2,503 2.67%
    $600k-1MM 183 $136,425,000 $745,492 $4,662 3.04%
    $1MM+ 66 $100,780,000 $1,526,970 $7,174 3.13%
    $100,000 or less 59 $4,885,000 $82,797 $2,342 2.55%

    2021 saw Baycoast Mortgage Company place emphasis on $200k-400k loans with 1,574 originations, totaling $456,960,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 734 $235,480,000 $320,817 $3,145 2.82%
    $150k-250k 707 $286,805,000 $405,665 $3,299 2.76%
    $75k-100k 530 $144,250,000 $272,170 $3,090 2.86%
    $50k-75k 474 $109,330,000 $230,654 $3,020 2.89%
    $250k+ 426 $271,230,000 $636,690 $3,967 2.80%
    $50k or less 127 $20,335,000 $160,118 $2,705 2.93%

    Baycoast Mortgage Company lent most frequently to those with incomes in the $100k-150k range, with 734 originations. The second most popular income band? $150k-250k, with 707 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 793 $281,175,000 $354,571 $3,112 2.76%
    30-36% 567 $197,985,000 $349,180 $3,095 2.81%
    <20% 347 $119,805,000 $345,259 $2,884 2.62%
    37% 115 $36,205,000 $314,826 $3,093 2.88%
    38% 111 $42,965,000 $387,072 $3,593 2.86%
    44% 105 $34,815,000 $331,571 $3,292 2.97%
    41% 101 $35,125,000 $347,772 $3,496 2.92%
    42% 96 $37,430,000 $389,896 $3,367 2.91%
    36% 93 $34,915,000 $375,430 $3,273 2.85%
    39% 93 $30,745,000 $330,591 $3,108 2.85%
    40% 87 $29,635,000 $340,632 $3,431 2.99%
    46% 80 $35,850,000 $448,125 $3,531 2.83%
    43% 80 $27,300,000 $341,250 $3,729 2.93%
    45% 76 $27,340,000 $359,737 $3,678 2.98%
    49% 72 $23,410,000 $325,139 $3,259 2.91%
    47% 67 $24,665,000 $368,134 $3,632 2.82%
    48% 65 $22,045,000 $339,154 $3,192 2.93%
    50-60% 41 $16,325,000 $398,171 $5,348 3.30%
    >60% 25 $14,925,000 $597,000 $4,803 3.51%

    Baycoast Mortgage Company lent most frequently to those with DTI ratios of 20-30%, with 793 originations. The next most common DTI ratio? 30-36%, with 567 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,391 $851,435,000 $356,100 $3,190 2.82%
    Not provided 536 $187,380,000 $349,590 $3,316 2.85%
    Asian 55 $22,425,000 $407,727 $3,523 2.73%
    Black 38 $10,730,000 $282,368 $3,616 3.02%
    Asian Indian 10 $3,960,000 $396,000 $3,280 2.38%
    American Indian 13 $3,525,000 $271,154 $2,752 2.73%
    Other Asian 5 $2,215,000 $443,000 $3,329 2.78%
    Chinese 2 $710,000 $355,000 $2,848 2.56%
    Native Hawaiian or Islander 1 $455,000 $455,000 $4,564 2.63%

    Approval Rates

    Total approvals of all applications
    94.52%

    Baycoast Mortgage Company has an average approval rate.

    Pick Rate

    Approvals leading to origination
    85.15%

    Baycoast Mortgage Company has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,051 $1,082,835,000 $354,912

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,051 $1,082,835,000 $354,912

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 305 $67,475,000 $221,230 $2,634 2.46%
    40-60% 841 $259,885,000 $309,019 $2,730 2.59%
    60-80% 1,309 $501,965,000 $383,472 $3,195 2.94%
    80-100% 572 $249,370,000 $435,962 $4,310 3.12%
    Under 20% 24 $4,140,000 $172,500 $2,568 2.41%