Bayport Funding Mortgage Rates, Fees & Info
GREAT NECK, NYLEI: 5493001QR7MEE12WC276
Tax ID: 45-3655786
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Bayport Funding is a smaller mortgage company specializing in Home Purchase loans. Bayport Funding has a high proportion of conventional loans. Their top markets by origination volume include: New York, Miami, New Haven, Dallas, and Myrtle Beach among others. We have data for 16 markets. (Some data included below & more in-depth data is available with an active subscription.)Bayport Funding has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.27% | 12/4/23 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Bayport Funding Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Bayport Funding. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
190Origination Dollar Volume (All Markets)
$191,450,000Relative Rate
Bayport Funding's average 30 year fixed mortgage rate was
5.94%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 1.18%.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 142 | $161,710,000 | $1,138,803 | $0 | 9.35% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 22 | $20,640,000 | $938,182 | $0 | 9.23% |
| NEW HAVEN-MILFORD, CT (FHA|USDA|VA) | 1 | $1,995,000 | $1,995,000 | $0 | 4.25% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 5 | $1,695,000 | $339,000 | $0 | 11.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $1,200,000 | $600,000 | $0 | 9.00% |
| POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) | 4 | $880,000 | $220,000 | $0 | 8.00% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 9.00% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $750,000 | $187,500 | $0 | 8.25% |
| TRENTON-PRINCETON, NJ (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $0 | 6.00% |
| VINELAND-BRIDGETON, NJ (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $0 | 9.00% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 5.90% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 8.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 5.63% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 4.38% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 9.50% |
| BINGHAMTON, NY (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 9.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 190 | $191,450,000 | $1,007,632 | $0 | 9.20% |
For 2022, Bayport Funding's most frequently originated type of loan was Conventional, with 190 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 190 | $191,450,000 | $1,007,632 | $0 | 9.20% |
For 2022, Bayport Funding's most frequently cited loan purpose was Home Purchase, with 190 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 1 Year | 172 | $163,830,000 | $952,500 | $0 | 9.33% |
| Other | 10 | $22,900,000 | $2,290,000 | $0 | 9.71% |
| 30 Year | 8 | $4,720,000 | $590,000 | $0 | 5.94% |
For 2022, Bayport Funding's most frequently cited loan duration was 1 Year, with 172 originations. The 2nd most popular length was Other, with 10 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 164 | $168,010,000 | $1,024,451 |
| 7-8% | 14 | $17,770,000 | $1,269,286 |
| 4-5% | 8 | $4,520,000 | $565,000 |
| 5-6% | 4 | $1,150,000 | $287,500 |
During 2022, Bayport Funding's average interest rate for loans was 5.94%, while their most frequently originated rate bucket for loans was Over 8%, with 164 originations.
Loan Sizing
2022 saw Bayport Funding place emphasis on $200k-400k loans with 49 originations, totaling $15,325,000 in origination value.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.25%
Bayport Funding has an average approval rate.
Pick Rate
Approvals leading to origination80.53%
Bayport Funding has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 190 | $191,450,000 | $1,007,632 |