Baycoast Bank Mortgage Lending & HMDA Data, 2024
In 2024, Baycoast Bank of Swansea, MA reported 1,734 mortgage applications totaling $523.0 million, about the same as 2023. The average application was for $301,620, and applicants reported an average income of $130,731. 30% of its applications resulted in an originated loan and 7% were denied. Its largest markets were Providence-Warwick, RI-MA (1,125), Boston, MA (116) and Worcester, MA-CT (73) (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 | 1,734 |
| Total Mortgage Loan Application Amount | $523,010,000 |
| Average Mortgage Loan Application Amount | $301,620 |
| Highest Mortgage Loan Application Amount | $4,505,000 |
| Average Applicant Income | $130,731 |
| Highest Applicant Income | $2,392,000 |
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Act (HMDA) records Baycoast Bank filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Providence-Warwick, RI-MA | 1,125 | $ 353,655,000 | $ 314,360 | $ 188,422 |
| Boston, MA | 116 | $ 43,900,000 | $ 378,448 | $ 220,000 |
| Outside any metro area | 111 | $ 33,175,000 | $ 298,873 | $ 190,171 |
| Worcester, MA-CT | 73 | $ 23,905,000 | $ 327,465 | $ 257,000 |
| Cambridge-Newton-Framingham, MA | 53 | $ 21,835,000 | $ 411,981 | $ 110,000 |
| Barnstable Town, MA | 21 | $ 8,725,000 | $ 415,476 | $ 125,000 |
| Springfield, MA | 19 | $ 3,185,000 | $ 167,631 | $ 83,000 |
| Bridgeport-Stamford-Norwalk, CT | 15 | $ 6,195,000 | $ 413,000 | $ 420,000 |
| Hartford-West Hartford-East Hartford, CT | 15 | $ 3,105,000 | $ 207,000 | $ 69,000 |
| Manchester-Nashua, NH | 15 | $ 1,995,000 | $ 133,000 | $ 61,000 |
| Nassau County-Suffolk County, NY | 13 | $ 1,225,000 | $ 94,230 | $ 80,000 |
| Phoenix-Mesa-Scottsdale, AZ | 13 | $ 785,000 | $ 60,384 | $ 60,000 |
| Rockingham County-Strafford County, NH | 13 | $ 1,515,000 | $ 116,538 | $ 89,000 |
| Lakewood-New Brunswick, NJ | 10 | $ 1,340,000 | $ 134,000 | $ 59,000 |
| Pittsfield, MA | 8 | $ 360,000 | $ 45,000 | $ 54,000 |
| Norwich-New London, CT | 7 | $ 1,785,000 | $ 255,000 | $ 54,000 |
| North Port-Sarasota-Bradenton, FL | 6 | $ 1,290,000 | $ 215,000 | $ 62,000 |
| Tucson, AZ | 6 | $ 320,000 | $ 53,333 | $ 46,000 |
| Atlantic City-Hammonton, NJ | 5 | $ 365,000 | $ 73,000 | $ 84,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 4 | $ 1,470,000 | $ 367,500 | $ 80,000 |
| Prescott Valley-Prescott, AZ | 4 | $ 560,000 | $ 140,000 | $ 72,000 |
| Warren-Troy-Farmington Hills, MI | 4 | $ 220,000 | $ 55,000 | $ 44,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 4 | $ 1,750,000 | $ 437,500 | $ 2,392,000 |
| Akron, OH | 3 | $ 105,000 | $ 35,000 | $ 59,000 |
| Amherst Town-Northampton, MA | 3 | $ 965,000 | $ 321,666 | $ 0 |
| Baltimore-Columbia-Towson, MD | 3 | $ 1,645,000 | $ 548,333 | $ 0 |
| Buffalo-Cheektowaga-Niagara Falls, NY | 3 | $ 145,000 | $ 48,333 | $ 38,000 |
| Orlando-Kissimmee-Sanford, FL | 3 | $ 95,000 | $ 31,666 | $ 44,000 |
| St. Petersburg-Clearwater-Largo, FL | 3 | $ 265,000 | $ 88,333 | $ 92,000 |
| Boise City, ID | 2 | $ 140,000 | $ 70,000 | $ 57,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 1,010,000 | $ 505,000 | $ 0 |
| Deltona-Daytona Beach-Ormond Beach, FL | 2 | $ 120,000 | $ 60,000 | $ 58,000 |
| Eugene, OR | 2 | $ 60,000 | $ 30,000 | $ 31,000 |
| Lakeland-Winter Haven, FL | 2 | $ 60,000 | $ 30,000 | $ 57,000 |
| New Haven-Milford, CT | 2 | $ 410,000 | $ 205,000 | $ 140,000 |
| Philadelphia, PA | 2 | $ 340,000 | $ 170,000 | $ 0 |
| Reading, PA | 2 | $ 110,000 | $ 55,000 | $ 40,000 |
| Rochester, NY | 2 | $ 70,000 | $ 35,000 | $ 38,000 |
| Tampa, FL | 2 | $ 370,000 | $ 185,000 | $ 55,000 |
| Albany-Schenectady-Troy, NY | 1 | $ 95,000 | $ 95,000 | $ 50,000 |
| Ann Arbor, MI | 1 | $ 55,000 | $ 55,000 | $ 30,000 |
| Arlington-Alexandria-Reston, VA-WV | 1 | $ 355,000 | $ 355,000 | $ 0 |
| Bay City, MI | 1 | $ 25,000 | $ 25,000 | $ 52,000 |
| Charleston-North Charleston, SC | 1 | $ 355,000 | $ 355,000 | $ 0 |
| Cleveland, OH | 1 | $ 35,000 | $ 35,000 | $ 39,000 |
| Columbus, OH | 1 | $ 55,000 | $ 55,000 | $ 111,000 |
| Corvallis, OR | 1 | $ 65,000 | $ 65,000 | $ 38,000 |
| Detroit-Dearborn-Livonia, MI | 1 | $ 35,000 | $ 35,000 | $ 70,000 |
| Evansville, IN-KY | 1 | $ 25,000 | $ 25,000 | $ 39,000 |
| Greeley, CO | 1 | $ 65,000 | $ 65,000 | $ 40,000 |
| Homosassa Springs, FL | 1 | $ 195,000 | $ 195,000 | $ 0 |
| Kiryas Joel-Poughkeepsie-Newburgh, NY | 1 | $ 35,000 | $ 35,000 | $ 50,000 |
| Lake Havasu City-Kingman, AZ | 1 | $ 45,000 | $ 45,000 | $ 80,000 |
| Lancaster, PA | 1 | $ 45,000 | $ 45,000 | $ 36,000 |
| Las Cruces, NM | 1 | $ 35,000 | $ 35,000 | $ 39,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 25,000 | $ 25,000 | $ 106,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Niles-Benton Harbor, MI | 1 | $ 25,000 | $ 25,000 | $ 20,000 |
| Port St. Lucie, FL | 1 | $ 765,000 | $ 765,000 | $ 0 |
| Portland-South Portland, ME | 1 | $ 115,000 | $ 115,000 | $ 79,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 1 | $ 45,000 | $ 45,000 | $ 65,000 |
| Raleigh, NC | 1 | $ 615,000 | $ 615,000 | $ 0 |
| Sandusky, OH | 1 | $ 55,000 | $ 55,000 | $ 56,000 |
| Seattle-Bellevue-Everett, WA | 1 | $ 65,000 | $ 65,000 | $ 70,000 |
| Sebastian-Vero Beach, FL | 1 | $ 345,000 | $ 345,000 | $ 0 |
| South Bend-Mishawaka, IN-MI | 1 | $ 35,000 | $ 35,000 | $ 75,000 |
| Spokane-Spokane Valley, WA | 1 | $ 35,000 | $ 35,000 | $ 31,000 |
| Springfield, OH | 1 | $ 25,000 | $ 25,000 | $ 49,000 |
| Tacoma-Lakewood, WA | 1 | $ 85,000 | $ 85,000 | $ 98,000 |
| Toledo, OH | 1 | $ 45,000 | $ 45,000 | $ 67,000 |
| Trenton, NJ | 1 | $ 245,000 | $ 245,000 | $ 0 |
| Twin Falls, ID | 1 | $ 95,000 | $ 95,000 | $ 40,000 |
| Waterbury-Shelton, CT | 1 | $ 55,000 | $ 55,000 | $ 69,000 |
| Wilmington, DE-MD-NJ | 1 | $ 45,000 | $ 45,000 | $ 61,000 |
| Yuma, AZ | 1 | $ 45,000 | $ 45,000 | $ 190,000 |
Mortgage Loan Application Detail Totals for Baycoast Bank in 2024
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 | 941 | $332,975,000 | $353,000 | $2,365,000 | $106,000 | $1,062,000 |
| Other Purpose | 220 | $33,770,000 | $153,000 | $755,000 | $189,000 | $2,392,000 |
| Home Improvement | 203 | $27,495,000 | $135,000 | $685,000 | $196,000 | $1,700,000 |
| Cash-out Refinancing | 187 | $48,055,000 | $256,000 | $1,005,000 | $185,000 | $1,228,000 |
| Refinancing | 183 | $80,715,000 | $441,000 | $4,505,000 | $60,000 | $181,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $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 |
|---|---|---|---|---|---|---|
| Not applicable | 958 | $414,610,000 | $432,000 | $2,365,000 | $0 | $0 |
| White | 644 | $90,710,000 | $140,000 | $4,505,000 | $152,000 | $1,228,000 |
| Not Provided | 68 | $10,300,000 | $151,000 | $1,005,000 | $212,000 | $2,392,000 |
| Hispanic | 41 | $4,125,000 | $100,000 | $405,000 | $176,000 | $2,247,000 |
| Asian | 13 | $2,175,000 | $167,000 | $505,000 | $327,000 | $1,700,000 |
| Black or African American | 8 | $910,000 | $113,000 | $305,000 | $122,000 | $250,000 |
| American Indian or Alaskan Native | 2 | $180,000 | $90,000 | $125,000 | $81,000 | $108,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 1,734 | $523,010,000 | $301,000 | $4,505,000 | $161,000 | $2,392,000 |
| FHA-insured (Federal Housing Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans 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 Purchased By The Institution | 945 | $404,125,000 | $427,000 | $1,795,000 | $0 | $0 |
| Loan Originated | 519 | $90,735,000 | $174,000 | $4,505,000 | $187,000 | $2,392,000 |
| Application Denied By Financial Institution | 125 | $14,895,000 | $119,000 | $705,000 | $100,000 | $372,000 |
| Application Withdrawn By Applicant | 66 | $6,850,000 | $103,000 | $505,000 | $126,000 | $584,000 |
| File Closed For Incompleteness | 61 | $3,815,000 | $62,000 | $145,000 | $88,000 | $1,700,000 |
| Application Approved But Not Accepted | 18 | $2,590,000 | $143,000 | $255,000 | $273,000 | $1,083,000 |
| 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 | 1,609 | $508,115,000 | $315,000 | $4,505,000 | $173,000 | $2,392,000 |
| Credit History | 48 | $4,720,000 | $98,000 | $455,000 | $96,000 | $212,000 |
| Debt-To-Income Ratio | 46 | $6,510,000 | $141,000 | $505,000 | $80,000 | $335,000 |
| Other | 13 | $1,915,000 | $147,000 | $705,000 | $144,000 | $236,000 |
| Collateral | 13 | $1,455,000 | $111,000 | $405,000 | $147,000 | $372,000 |
| Unverifiable Information | 3 | $175,000 | $58,000 | $65,000 | $100,000 | $125,000 |
| Employment History | 1 | $35,000 | $35,000 | $35,000 | $70,000 | $70,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $85,000 | $85,000 | $85,000 | $98,000 | $98,000 |
| 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 2024 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.
For a list of all lenders in Massachusetts, download the full spreadsheet
with aggregated HMDA statistics today.
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