Where does Bayburg Financial do business?
Bayburg Financial is a direct lender based in Boca Raton, FL. The company was founded in 2007 and offers mortgages to borrowers in 1 state.
How much can you borrow via Bayburg Financial?
Bayburg Financial allows borrowers to apply for loan amounts of up to $1,500,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.
Does Bayburg Financial charge a mortgage origination fee?
Yes, Bayburg Financial may charge a loan origination fee.
What mortgage programs does Bayburg Financial offer?
Bayburg Financial offers the following mortgage types:
- Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
- FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.
What property usage types does Bayburg Financial allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Bayburg Financial allows the following property usage types:
- Primary home
- Investment properties and house flipping projects