Bayport Funding Mortgage Rates, Fees & InfoGREAT NECK, NY
Tax ID: 45-3655786
Latest/2021 | 2020 Data | 2019 Data | 2018 Data
Review & OverviewBayport Funding is a smaller mortgage company specializing in loans. Bayport Funding has a high proportion of conventional loans. Their top markets by origination volume include: New York, Miami, Trenton, Hudson, and Chicago among others. We have data for 15 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.
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|Simulated Rate||Simulation Date|
|30 Year Conventional Refi||6.27%||3/19/23|
|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.|
Origination Dollar Volume (All Markets)$122,395,000
Bayport Funding's average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of 1.08%.
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)||120||$96,790,000||$806,583||$0||8.69%|
|Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA)||18||$19,930,000||$1,107,222||$0||9.11%|
|TRENTON-PRINCETON, NJ (FHA|USDA|VA)||6||$1,260,000||$210,000||$0||6.93%|
|Hudson, NY (FHA|USDA|VA)||1||$585,000||$585,000||$0||10.25%|
|Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA)||2||$560,000||$280,000||$0||7.38%|
|JACKSONVILLE, FL (FHA|USDA|VA)||1||$545,000||$545,000||$0||9.00%|
|LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA)||1||$535,000||$535,000||$0||10.00%|
|TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA)||2||$500,000||$250,000||$0||9.75%|
|KINGSTON, NY (FHA|USDA|VA)||2||$430,000||$215,000||$0||6.38%|
|Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA)||3||$375,000||$125,000||$0||8.22%|
|ASHEVILLE, NC (FHA|USDA|VA)||1||$315,000||$315,000||$0||4.25%|
|EAST STROUDSBURG, PA (FHA|USDA|VA)||1||$175,000||$175,000||$0||5.25%|
|POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA)||1||$155,000||$155,000||$0||10.00%|
|PITTSBURGH, PA (FHA|USDA|VA)||1||$135,000||$135,000||$0||5.25%|
|Ottawa, IL (FHA|USDA|VA)||1||$105,000||$105,000||$0||9.50%|
|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, Bayport Funding's most frequently originated type of loan was Conventional, with 161 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2021, Bayport Funding's most frequently cited loan purpose was Refi, with 161 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2021, Bayport Funding's most frequently cited loan duration was 1 Year, with 139 originations. The 2nd most popular length was 30 Year, with 21 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2021, Bayport Funding's average interest rate for loans was 4.23%, while their most frequently originated rate bucket for loans was Over 8%, with 123 originations.
2021 saw Bayport Funding place emphasis on $200k-400k loans with 42 originations, totaling $12,440,000 in origination value.
Approval RatesTotal approvals of all applications
Bayport Funding has an average approval rate.
Pick RateApprovals leading to origination
Bayport Funding has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
|Points||Originations||Total Value||Average Loan|