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 mortgage refinancing to borrowers in 1 state across the USA.
What is the maximum loan term for a mortgage refinance via Bayburg Financial?
The term of a mortgage refinance will determine the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Bayburg Financial offers mortgages refinancing with terms ranging from 10 to 30 years.
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
- Secondary homes and vacation properties