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  Bayshore Mortgage Funding Home Purchase Mortgage

Bayshore Mortgage Funding Home Purchase Mortgage

in Home Purchase Mortgages from Bayshore Mortgage Funding, LLC · NMLS ID #196858

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Bayshore Mortgage Funding Home Purchase Mortgage

Unaffiliated

in Home Purchase Mortgages from Bayshore Mortgage Funding, LLC · NMLS ID #196858

SuperMoney Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

13 users recommend
0 users are unsure
0 users don't recommend
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Highlights
Community Rating Strongly recommended
Loan Amount Up to $1,500,000
Loan Term (Years) N/A
Credit Score Range N/A
Number of Reviews 13

Bayshore Mortgage Funding Home Purchase Mortgage Review

Bayshore Mortgage Funding Home Purchase Mortgage is offered by Bayshore Mortgage Funding, LLC (NMLS #196858), a direct lender founded in 2001 and based in Timonium, MD. Bayshore Mortgage Funding Home Purchase Mortgage is available in 13 states (and Washington, DC).

Key Takeaways
  • 3 different mortgage programs offered. Bayshore Mortgage Funding Home Purchase Mortgage offers FHA, USDA, VA, conforming, and conventional mortgages.
  • Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
  • Non-standard interest rates available. Bayshore Mortgage Funding Home Purchase Mortgage offers hybrid mortgages, and fixed-rate mortgages.
  • Primary and secondary homes considered. Investment homes, such as rental properties, do not qualify for financing. However, Bayshore Mortgage Funding Home Purchase Mortgage does offer financing for primary and secondary homes (e.g. vacation properties).
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
Bayshore Mortgage Funding Home Purchase Mortgage Pros & Cons
Pros Cons
  • Charges an origination fee.
  • Charges prepayment fees.
  • Only available in 13 states.
Bayshore Mortgage Funding FAQ

How much can you borrow via Bayshore Mortgage Funding, LLC?

Bayshore Mortgage Funding 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.

What mortgage rates does Bayshore Mortgage Funding, LLC offer?

Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.

Does Bayshore Mortgage Funding charge an application fee?

Do they charge mortgage origination fees?

Yes, Bayshore Mortgage Funding may charge a loan origination fee.

What mortgage programs are available?

Besides conventional mortgages, Bayshore Mortgage Funding offers the following mortgage types:

  • FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.

What property usage types does Bayshore Mortgage Funding allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Bayshore Mortgage Funding allows the following property usage types: 

  • Primary home

What is the customer service phone number?

The customer service number for this business card is (410) 882-1777.

What is the support contact email?

The support contact email for this business credit card is leads@bsmfunding.com.

How do people rate the customer service and user experience?

Overall, this business credit card is strongly recommended based on community reviews that rate customer service and user experience.

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Other Services by Bayshore Mortgage Funding, LLC

Availability

  Available in 13 states and Washington, D.C.
  • California
  • Colorado
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Maryland
  • New Jersey
  • North Carolina
  • Pennsylvania
  • South Carolina
  • Texas
  • Virginia
  • Washington

Feature Breakdown

Intended Use Primary Home
Primary Residence
Loan Amount Up to $1,500,000
Interest Rate Types Offered
  • Hybrid Mortgage
Mortgage Programs
  • FHA
  • USDA
  • VA
Terms 15, 30

Bayshore Mortgage Funding Home Purchase Mortgage Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+100

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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