Baycoast Bank Mortgage Lending & HMDA Data, 2022

In 2022, Baycoast Bank of Swansea, MA reported 3,665 mortgage applications totaling $1.0 billion, down 8% from 2021. The average application was for $280,577, and applicants reported an average income of $158,243. 47% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Providence-Warwick, RI-MA (2,015), Boston, MA (330) and Phoenix-Mesa-Scottsdale, AZ (173) (applications in parentheses).

Mortgage Company & Address Baycoast Bank
330 Swansea Mall Drive
Swansea, MA 02777
Tel #: available with data download
Federal Regulator * available with data download
Years 2025  2024  2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 3,665
Total Mortgage Loan Application Amount $1,028,315,000
Average Mortgage Loan Application Amount $280,577
Highest Mortgage Loan Application Amount $29,555,000
Average Applicant Income $158,243
Highest Applicant Income $4,293,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Baycoast Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

Mortgage Loan Application Totals for Baycoast Bank by County in 2022

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Bristol, Massachusetts 1,182 $ 286,430,000 $ 242,326 $ 136,000
Providence, Rhode Island 324 $ 112,670,000 $ 347,746 $ 177,000
Newport, Rhode Island 224 $ 120,660,000 $ 538,660 $ 225,000
Plymouth, Massachusetts 204 $ 58,540,000 $ 286,960 $ 175,000
Maricopa, Arizona 123 $ 8,065,000 $ 65,569 $ 64,000
Bristol, Rhode Island 118 $ 40,870,000 $ 346,355 $ 220,000
Worcester, Massachusetts 108 $ 27,350,000 $ 253,240 $ 131,000
Washington, Rhode Island 95 $ 39,925,000 $ 420,263 $ 606,000
Norfolk, Massachusetts 89 $ 39,945,000 $ 448,820 $ 231,000
Middlesex, Massachusetts 79 $ 43,495,000 $ 550,569 $ 248,000
Kent, Rhode Island 72 $ 22,070,000 $ 306,527 $ 194,000
Fairfield, Connecticut 54 $ 25,630,000 $ 474,629 $ 247,000
Barnstable, Massachusetts 53 $ 20,455,000 $ 385,943 $ 214,000
Pinal, Arizona 50 $ 3,580,000 $ 71,600 $ 65,000
Suffolk, Massachusetts 37 $ 26,945,000 $ 728,243 $ 196,000
Hampden, Massachusetts 30 $ 3,290,000 $ 109,666 $ 57,000
Pima, Arizona 27 $ 1,515,000 $ 56,111 $ 68,000
Sussex, Delaware 26 $ 3,070,000 $ 118,076 $ 101,000
New London, Connecticut 23 $ 5,565,000 $ 241,956 $ 119,000
Hillsborough, New Hampshire 23 $ 2,845,000 $ 123,695 $ 82,000
Rockingham, New Hampshire 23 $ 5,065,000 $ 220,217 $ 121,000
Windham, Connecticut 22 $ 3,730,000 $ 169,545 $ 115,000
Essex, Massachusetts 21 $ 8,695,000 $ 414,047 $ 195,000
Suffolk, New York 21 $ 2,505,000 $ 119,285 $ 74,000
Dukes, Massachusetts 19 $ 9,335,000 $ 491,315 $ 267,000
Ocean, New Jersey 18 $ 2,420,000 $ 134,444 $ 86,000
Polk, Florida 17 $ 2,265,000 $ 133,235 $ 94,000
Livingston, Michigan 16 $ 1,250,000 $ 78,125 $ 60,000
Hartford, Connecticut 15 $ 20,485,000 $ 1,365,666 $ 134,000
Wayne, Michigan 15 $ 825,000 $ 55,000 $ 71,000
Atlantic, New Jersey 15 $ 1,175,000 $ 78,333 $ 57,000
New Haven, Connecticut 14 $ 3,860,000 $ 275,714 $ 115,000
Merrimack, New Hampshire 14 $ 3,000,000 $ 214,285 $ 107,000
Saratoga, New York 14 $ 800,000 $ 57,142 $ 59,000
Ottawa, Michigan 13 $ 805,000 $ 61,923 $ 49,000
Yavapai, Arizona 12 $ 1,280,000 $ 106,666 $ 77,000
Orange, Florida 12 $ 1,660,000 $ 138,333 $ 91,000
Kent, Delaware 11 $ 995,000 $ 90,454 $ 75,000
Strafford, New Hampshire 11 $ 685,000 $ 62,272 $ 48,000
Dutchess, New York 11 $ 925,000 $ 84,090 $ 59,000
Yuma, Arizona 10 $ 540,000 $ 54,000 $ 46,000
Lake, Florida 10 $ 740,000 $ 74,000 $ 60,000
Pinellas, Florida 10 $ 960,000 $ 96,000 $ 68,000
Sarasota, Florida 10 $ 3,360,000 $ 336,000 $ 129,000
Pasco, Florida 9 $ 735,000 $ 81,666 $ 66,000
Macomb, Michigan 9 $ 595,000 $ 66,111 $ 57,000
Broward, Florida 8 $ 3,470,000 $ 433,750 $ 184,000
Hillsborough, Florida 8 $ 1,060,000 $ 132,500 $ 81,000
Berkshire, Massachusetts 8 $ 350,000 $ 43,750 $ 41,000
Monroe, Michigan 8 $ 340,000 $ 42,500 $ 60,000
Belknap, New Hampshire 8 $ 1,800,000 $ 225,000 $ 120,000
Lee, Florida 7 $ 1,275,000 $ 182,142 $ 164,000
Hampshire, Massachusetts 7 $ 1,275,000 $ 182,142 $ 59,000
Kent, Michigan 7 $ 355,000 $ 50,714 $ 56,000
Gloucester, New Jersey 7 $ 485,000 $ 69,285 $ 44,000
Monmouth, New Jersey 7 $ 385,000 $ 55,000 $ 55,000
Ulster, New York 7 $ 335,000 $ 47,857 $ 73,000
Tolland, Connecticut 6 $ 440,000 $ 73,333 $ 87,000
Brevard, Florida 6 $ 350,000 $ 58,333 $ 88,000
Miami-Dade, Florida 6 $ 4,490,000 $ 748,333 $ 623,000
Palm Beach, Florida 6 $ 7,020,000 $ 1,170,000 $ 411,000
Volusia, Florida 6 $ 410,000 $ 68,333 $ 69,000
Cheshire, New Hampshire 6 $ 740,000 $ 123,333 $ 75,000
Collier, Florida 5 $ 1,575,000 $ 315,000 $ 210,000
Seminole, Florida 5 $ 445,000 $ 89,000 $ 72,000
Grafton, New Hampshire 5 $ 2,155,000 $ 431,000 $ 207,000
Burlington, New Jersey 5 $ 275,000 $ 55,000 $ 54,000
Middlesex, New Jersey 5 $ 545,000 $ 109,000 $ 65,000
Marion, Oregon 5 $ 375,000 $ 75,000 $ 70,000
Lancaster, Pennsylvania 5 $ 635,000 $ 127,000 $ 93,000
Mohave, Arizona 4 $ 310,000 $ 77,500 $ 44,000
Charlotte, Florida 4 $ 380,000 $ 95,000 $ 115,000
St. Clair, Michigan 4 $ 240,000 $ 60,000 $ 75,000
Carroll, New Hampshire 4 $ 950,000 $ 237,500 $ 333,000
Camden, New Jersey 4 $ 220,000 $ 55,000 $ 51,000
Cape May, New Jersey 4 $ 370,000 $ 92,500 $ 66,000
Salem, New Jersey 4 $ 260,000 $ 65,000 $ 88,000
Orange, New York 4 $ 270,000 $ 67,500 $ 66,000
Butler, Pennsylvania 4 $ 200,000 $ 50,000 $ 42,000
Navajo, Arizona 3 $ 365,000 $ 121,666 $ 66,000
Middlesex, Connecticut 3 $ 295,000 $ 98,333 $ 75,000
Duval, Florida 3 $ 165,000 $ 55,000 $ 41,000
Hernando, Florida 3 $ 275,000 $ 91,666 $ 68,000
Manatee, Florida 3 $ 355,000 $ 118,333 $ 132,000
York, Maine 3 $ 235,000 $ 78,333 $ 91,000
Nantucket, Massachusetts 3 $ 1,885,000 $ 628,333 $ 145,000
Allegan, Michigan 3 $ 295,000 $ 98,333 $ 66,000
Berrien, Michigan 3 $ 145,000 $ 48,333 $ 51,000
Clinton, Michigan 3 $ 275,000 $ 91,666 $ 56,000
Lenawee, Michigan 3 $ 165,000 $ 55,000 $ 53,000
Oakland, Michigan 3 $ 135,000 $ 45,000 $ 47,000
Columbia, New York 3 $ 155,000 $ 51,666 $ 59,000
Oneida, New York 3 $ 105,000 $ 35,000 $ 43,000
Multnomah, Oregon 3 $ 145,000 $ 48,333 $ 89,000
Bucks, Pennsylvania 3 $ 155,000 $ 51,666 $ 41,000
Westmoreland, Pennsylvania 3 $ 165,000 $ 55,000 $ 47,000
Pierce, Washington 3 $ 255,000 $ 85,000 $ 65,000
Litchfield, Connecticut 2 $ 710,000 $ 355,000 $ 152,000
New Castle, Delaware 2 $ 120,000 $ 60,000 $ 65,000
Citrus, Florida 2 $ 60,000 $ 30,000 $ 55,000
Flagler, Florida 2 $ 270,000 $ 135,000 $ 108,000
Walton, Florida 2 $ 2,160,000 $ 1,080,000 $ 892,000
Montgomery, Maryland 2 $ 840,000 $ 420,000 $ 147,000
Wicomico, Maryland 2 $ 280,000 $ 140,000 $ 195,000
Franklin, Massachusetts 2 $ 110,000 $ 55,000 $ 50,000
Wexford, Michigan 2 $ 70,000 $ 35,000 $ 47,000
Mercer, New Jersey 2 $ 100,000 $ 50,000 $ 39,000
Warren, New Jersey 2 $ 180,000 $ 90,000 $ 39,000
Oswego, New York 2 $ 70,000 $ 35,000 $ 55,000
Sullivan, New York 2 $ 100,000 $ 50,000 $ 52,000
Wake, North Carolina 2 $ 500,000 $ 250,000 $ 509,000
Clackamas, Oregon 2 $ 150,000 $ 75,000 $ 67,000
Clatsop, Oregon 2 $ 80,000 $ 40,000 $ 51,000
Lane, Oregon 2 $ 110,000 $ 55,000 $ 48,000
Yamhill, Oregon 2 $ 100,000 $ 50,000 $ 49,000
Carbon, Pennsylvania 2 $ 90,000 $ 45,000 $ 192,000
Chester, Pennsylvania 2 $ 1,310,000 $ 655,000 $ 152,000
Delaware, Pennsylvania 2 $ 300,000 $ 150,000 $ 87,000
Franklin, Pennsylvania 2 $ 140,000 $ 70,000 $ 52,000
Northampton, Pennsylvania 2 $ 90,000 $ 45,000 $ 42,000
York, Pennsylvania 2 $ 100,000 $ 50,000 $ 30,000
Bennington, Vermont 2 $ 50,000 $ 25,000 $ 44,000
Spotsylvania, Virginia 2 $ 170,000 $ 85,000 $ 134,000
King, Washington 2 $ 300,000 $ 150,000 $ 73,000
Gila, Arizona 1 $ 25,000 $ 25,000 $ 34,000
Santa Cruz, Arizona 1 $ 75,000 $ 75,000 $ 99,000
Indian River, Florida 1 $ 85,000 $ 85,000 $ 76,000
Leon, Florida 1 $ 35,000 $ 35,000 $ 61,000
Marion, Florida 1 $ 35,000 $ 35,000 $ 44,000
Santa Rosa, Florida 1 $ 255,000 $ 255,000 $ 81,000
St. Lucie, Florida 1 $ 25,000 $ 25,000 $ 27,000
Sumter, Florida 1 $ 55,000 $ 55,000 $ 27,000
Cumberland, Maine 1 $ 55,000 $ 55,000 $ 42,000
Frederick, Maryland 1 $ 485,000 $ 485,000 $ 170,000
Howard, Maryland 1 $ 995,000 $ 995,000 $ 249,000
Kalamazoo, Michigan 1 $ 25,000 $ 25,000 $ 45,000
Lapeer, Michigan 1 $ 55,000 $ 55,000 $ 42,000
St. Joseph, Michigan 1 $ 55,000 $ 55,000 $ 52,000
Washtenaw, Michigan 1 $ 25,000 $ 25,000 $ 50,000
Coos, New Hampshire 1 $ 335,000 $ 335,000 $ 285,000
Bergen, New Jersey 1 $ 125,000 $ 125,000 $ 58,000
Cumberland, New Jersey 1 $ 105,000 $ 105,000 $ 79,000
Chemung, New York 1 $ 25,000 $ 25,000 $ 38,000
Erie, New York 1 $ 45,000 $ 45,000 $ 64,000
Livingston, New York 1 $ 25,000 $ 25,000 $ 37,000
Niagara, New York 1 $ 25,000 $ 25,000 $ 41,000
Ontario, New York 1 $ 95,000 $ 95,000 $ 127,000
Rensselaer, New York 1 $ 45,000 $ 45,000 $ 57,000
Tioga, New York 1 $ 75,000 $ 75,000 $ 79,000
Warren, New York 1 $ 65,000 $ 65,000 $ 36,000
Wayne, New York 1 $ 55,000 $ 55,000 $ 39,000
Chatham, North Carolina 1 $ 335,000 $ 335,000 $ 166,000
Cumberland, North Carolina 1 $ 205,000 $ 205,000 $ 92,000
Mecklenburg, North Carolina 1 $ 605,000 $ 605,000 $ 317,000
Pender, North Carolina 1 $ 495,000 $ 495,000 $ 124,000
Douglas, Oregon 1 $ 45,000 $ 45,000 $ 29,000
Linn, Oregon 1 $ 35,000 $ 35,000 $ 122,000
Allegheny, Pennsylvania 1 $ 55,000 $ 55,000 $ 108,000
Bedford, Pennsylvania 1 $ 55,000 $ 55,000 $ 50,000
Cumberland, Pennsylvania 1 $ 25,000 $ 25,000 $ 49,000
Erie, Pennsylvania 1 $ 55,000 $ 55,000 $ 66,000
Lebanon, Pennsylvania 1 $ 35,000 $ 35,000 $ 44,000
Lehigh, Pennsylvania 1 $ 65,000 $ 65,000 $ 45,000
Monroe, Pennsylvania 1 $ 145,000 $ 145,000 $ 84,000
Montgomery, Pennsylvania 1 $ 85,000 $ 85,000 $ 42,000
Philadelphia, Pennsylvania 1 $ 415,000 $ 415,000 $ 112,000
Schuylkill, Pennsylvania 1 $ 65,000 $ 65,000 $ 59,000
Beaufort, South Carolina 1 $ 435,000 $ 435,000 $ 101,000
Greenville, South Carolina 1 $ 805,000 $ 805,000 $ 325,000
Horry, South Carolina 1 $ 145,000 $ 145,000 $ 139,000
Jasper, South Carolina 1 $ 165,000 $ 165,000 $ 53,000
Gregg, Texas 1 $ 65,000 $ 65,000 $ 64,000
Augusta, Virginia 1 $ 25,000 $ 25,000 $ 51,000
Loudoun, Virginia 1 $ 485,000 $ 485,000 $ 285,000
New Kent, Virginia 1 $ 95,000 $ 95,000 $ 102,000
Prince William, Virginia 1 $ 315,000 $ 315,000 $ 77,000
Grant, Washington 1 $ 55,000 $ 55,000 $ 61,000
Mason, Washington 1 $ 75,000 $ 75,000 $ 48,000
Yakima, Washington 1 $ 105,000 $ 105,000 $ 32,000

Mortgage Loan Application Detail Totals for Baycoast Bank in 2022

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 1,758 $610,240,000 $347,000 $29,555,000 $141,000 $2,342,000
Home Improvement 594 $81,630,000 $137,000 $2,615,000 $149,000 $2,048,000
Cash-out Refinancing 483 $154,715,000 $320,000 $2,755,000 $242,000 $4,293,000
Other Purpose 466 $72,470,000 $155,000 $1,505,000 $150,000 $2,037,000
Refinancing 361 $109,155,000 $302,000 $8,005,000 $156,000 $4,281,000
Not Applicable 3 $105,000 $35,000 $35,000 $0 $0

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 2,865 $709,165,000 $247,000 $4,755,000 $159,000 $4,293,000
Not Provided 447 $121,815,000 $272,000 $2,755,000 $167,000 $1,601,000
Hispanic 101 $23,905,000 $236,000 $1,165,000 $125,000 $528,000
Not applicable 90 $129,710,000 $1,441,000 $29,555,000 $0 $0
Black or African American 72 $15,960,000 $221,000 $645,000 $121,000 $792,000
Asian 52 $18,200,000 $350,000 $1,505,000 $193,000 $1,249,000
American Indian or Alaskan Native 11 $1,925,000 $175,000 $445,000 $68,000 $151,000
Native Hawaiian or Other Pacific Islander 1 $75,000 $75,000 $75,000 $41,000 $41,000

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 3,664 $1,028,270,000 $280,000 $29,555,000 $159,000 $4,293,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 1 $45,000 $45,000 $45,000 $73,000 $73,000
VA-guaranteed (Veterans Administration) 0 $0 $0 $0 $0 $0
FHA-insured (Federal Housing Administration) 0 $0 $0 $0 $0 $0

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 1,707 $309,075,000 $181,000 $29,555,000 $129,000 $2,048,000
Loan Purchased By The Institution 1,371 $630,455,000 $459,000 $4,755,000 $226,000 $4,293,000
Application Denied By Financial Institution 250 $28,900,000 $115,000 $2,365,000 $83,000 $603,000
File Closed For Incompleteness 165 $12,395,000 $75,000 $445,000 $61,000 $364,000
Application Withdrawn By Applicant 123 $42,125,000 $342,000 $7,205,000 $85,000 $500,000
Application Approved But Not Accepted 49 $5,365,000 $109,000 $605,000 $120,000 $720,000
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Not applicable 3,415 $999,415,000 $292,000 $29,555,000 $164,000 $4,293,000
Credit History 123 $10,805,000 $87,000 $585,000 $85,000 $384,000
Debt-To-Income Ratio 40 $6,540,000 $163,000 $1,005,000 $75,000 $261,000
Unverifiable Information 35 $2,365,000 $67,000 $185,000 $46,000 $120,000
Collateral 31 $4,285,000 $138,000 $495,000 $143,000 $603,000
Other 14 $1,300,000 $92,000 $205,000 $65,000 $167,000
Employment History 4 $320,000 $80,000 $105,000 $49,000 $76,000
Insufficient Cash (Downpayment, Closing Cost) 3 $3,285,000 $1,095,000 $2,365,000 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Baycoast Bank's 2022 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.

This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics, and assess Baycoast Bank's mortgage approval patterns. Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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