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Last Updated: 04/18/2025

Bayway Mortgage Group Mortgage Refinance

in Mortgage Refinance from Bayway Mortgage Group

Last Updated: 04/18/2025

Bayway Mortgage Group Mortgage Refinance logo
Rating not yet determined2 total votes
2 users recommend

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Highlights

Credit Score Range

N/A


Amount Range

Up to $2,000,000

Loan Term (Years)

10 - 30

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Bayway Mortgage Group Mortgage Refinance Review

Bayway Mortgage Group Mortgage Refinance is offered by Bayway Mortgage Group (NMLS #1057426), a direct lender founded in 2004 and based in Jacksonville, FL. Bayway Mortgage Group Mortgage Refinance are available in 3 states.

Key Takeaways

  • Wide selection of mortgage programs offered. Bayway Mortgage Group Mortgage Refinance refinances FHA, HomePath, 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. Bayway Mortgage Group Mortgage Refinance only offers hybrid mortgages.
  • Considers personal use and investment properties. Refinancing available for primary residences, secondary homes (e.g. vacation properties), and even investment homes such as rentals.
  • Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.

Bayway Mortgage Group Mortgage Refinance Pros & Cons

Bayway Mortgage Group Mortgage Refinance FAQ

What is the maximum loan term for a mortgage refinance via Bayway Mortgage Group Mortgage Refinance?

The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Bayway Mortgage Group Mortgage Refinance offers mortgage refinancing with terms ranging from 10 to 30 years.

How long does Bayway Mortgage Group Mortgage Refinance take to refinance?

Bayway Mortgage Group Mortgage Refinance does not provide details on the average time to close a refinance. However, it typically takes 30 to 45 days to complete a refinance. Of course, a lot depends on the market, the lender, and how long appraisals and inspections take.

Does Bayway Mortgage Group Mortgage Refinance charge a mortgage origination fee?

Yes, Bayway Mortgage Group Mortgage Refinance will charge a loan origination fee .

What mortgage programs does Bayway Mortgage Group Mortgage Refinance offer?

Bayway Mortgage Group Mortgage Refinance 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%.
  • HomePath: Financing for the purchase and improvement of properties owned by Fannie Mae.
  • USDA: A zero down payment mortgage loan with low rates for suburban and rural homebuyers.
  • 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 Bayway Mortgage Group Mortgage Refinance allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Bayway Mortgage Group Mortgage Refinance allows the following property usage types:
  • Primary home
  • Secondary homes and vacation properties

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Contact

Headquarters

8833 Perimeter Park Blvd.
Suite 402
Jacksonville, FL 32216
(855) 399-0644
Visit Site

Hours of Operation

Sunday
Closed
Monday
9:00AM - 5:00PM
Tuesday
9:00AM - 5:00PM
Wednesday
9:00AM - 5:00PM
Thursday
9:00AM - 5:00PM
Friday
9:00AM - 5:00PM
Saturday
Closed

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SuperMoney Net Recommendation Score

Not enough SuperMoney users have reviewed this product to provide a recommendation score or rating.

+100

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Everyone recommends
The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Bayway Mortgage Group Mortgage Refinance Community Reviews

Would you recommend Bayway Mortgage Group Mortgage Refinance to your friends?

MC

Mazhar C.

Nov 25, 2022

May or may not recommend

The team at Bayway Mortgage Group are excellent. As an aspiring first-time house owner, they were outstanding, professional, and highly informative – answering all questions that I need answered concerning my house loan process, including all relevant fees and advance expectations. My loan was closed at the appropriate time and I was ecstatic . I am so happy with the service that I got. I strongly recommend them to all my ...Show More

KS

Kate S.

Nov 17, 2020

May or may not recommend

The team at Bayway Mortgage Group are excellent. As an aspiring first-time house owner, they were outstanding, professional, and highly informative – answering all questions that I need answered concerning my house loan process, including all relevant fees and advance expectations. My loan was closed at the appropriate time and I was ecstatic . I am so happy with the service that I got. I strongly recommend them to all my ...Show More

Showing 2 of 2 reviews

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