Baycoast Mortgage Company at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the A grade breaks down
Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
70th5.4% deniedPricingmedian rate spread over APOR, weight 30%
83rd-0.04 ptsProcesswithdrawn + incomplete share, weight 15%
45th17.9%Closing coststotal loan costs ÷ loan amount, weight 10%
89th1.11% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,038 | 762 | 6.3% | 7.8% | 6.50% | $326M |
| 2024 | 1,409 | 1,080 | 2.9% | 3.6% | 6.63% | $476M |
| 2025 | 1,455 | 1,119 | 4.5% | 5.4% | 6.50% | $561M |
What Baycoast Mortgage Company lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 168 investment properties.
Why Baycoast Mortgage Company denies applications
Primary reason reported for each of the 65 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Baycoast Mortgage Company
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 31 | 14 | 41.7% |
| $50k – $100k | 281 | 206 | 9.5% |
| $100k – $150k | 316 | 247 | 3.5% |
| $150k – $250k | 414 | 337 | 2.0% |
| Over $250k | 346 | 275 | 3.2% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 39 | 25 | 10.7% |
| 25–34 | 395 | 302 | 3.2% |
| 35–44 | 406 | 333 | 4.6% |
| 45–54 | 284 | 218 | 5.5% |
| 55–64 | 192 | 144 | 7.0% |
| 65–74 | 98 | 66 | 10.8% |
| Over 74 | 25 | 19 | 13.6% |
Where Baycoast Mortgage Company lends
11 states and 59 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Massachusetts | 783 | 597 | 5.5% | 6.50% | #62 |
| Rhode Island | 548 | 429 | 2.9% | 6.50% | #20 |
| Connecticut | 61 | 51 | 3.3% | 6.38% | #209 |
| Florida | 23 | 13 | 8.7% | 6.38% | #738 |
| New Hampshire | 21 | 17 | 4.8% | 6.50% | #186 |
| South Carolina | 6 | 4 | 0.0% | 6.50% | #609 |
Frequently asked questions
Baycoast Mortgage Company denied 5.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 70th percentile of mid-size mortgage lenders.
The most common reason Baycoast Mortgage Company gave in 2025 was "debt-to-income ratio", cited on 41.5% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Baycoast Mortgage Company originated in 2025 was 6.50%, and its median rate spread over the average prime offer rate was -0.04 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 63% of its applications were for home purchases, 35% for refinancing (including cash-out), and 2% for home improvement or other purposes. By loan type: 90% conventional, 7% FHA, 3% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.