Bayshore Mortgage Funding Home Purchase Mortgage

Bayshore Mortgage Funding Home Purchase Mortgage Review

Bayshore Mortgage Funding Home Purchase Mortgage are 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 are 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

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.

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 Bayshore Mortgage Funding Home Purchase Mortgage is (410) 882-1777.

What is the support contact email?

The support contact email for 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.