Bayshore Mortgage Funding Rates, Fees & Info

BALTIMORE, MD

LEI: 549300PEWJWBNEOSS013

Tax ID: 52-2304304

2.7 stars - Updated: 6/23/24 - out of 5 stars, based on 32 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Bayshore Mortgage Funding is a smaller mortgage company specializing in Home Purchase loans. Bayshore Mortgage Funding has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Cincinnati, Sebastian, Kansas City, Washington, and Baltimore among others. We have data for 146 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bayshore Mortgage 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. Bayshore Mortgage Funding is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) 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 6.98% 6/23/24
30 Year Conventional Refi 6.76% 6/23/24
30 Year Cash-out Refi 6.93% 6/23/24
30 Year FHA Purchase 7.72% 6/23/24
30 Year FHA Refi 7.53% 6/23/24
30 Year VA Purchase 6.58% 6/23/24
30 Year VA Refi 5.96% 6/23/24
30 Year USDA Purchase 7.26% 6/23/24
30 Year USDA Refi 6.33% 6/23/24
15 Year Conventional Purchase 6.31% 6/23/24
15 Year Conventional Refi 6.45% 6/23/24
15 Year Cash-out Refi 6.45% 6/23/24
15 Year FHA Purchase 7.76% 6/23/24
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.

Bayshore Mortgage Funding Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Bayshore Mortgage 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

1,034

Origination Dollar Volume (All Markets)

$290,000,000

Awards

BAYSHORE MORTGAGE FUNDING FHA Loans bronze
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Relative Rate

Bayshore Mortgage Funding's average 30 year fixed mortgage rate was 6.92%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.44%.

Relative Fees (Closing Costs)

Bayshore Mortgage Funding's average total fees/closing costs for a 30 year fixed rate mortgage were $10,039.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

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
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 193 $46,745,000 $242,202 $7,606 6.87%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 83 $27,585,000 $332,349 $10,271 6.61%
KANSAS CITY, MO-KS (FHA|USDA|VA) 94 $23,960,000 $254,894 $7,571 6.92%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 41 $17,855,000 $435,488 $15,151 6.86%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 53 $17,075,000 $322,170 $11,577 6.76%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 26 $11,880,000 $456,923 $15,291 7.04%
Outside of Metro Areas 49 $11,735,000 $239,490 $9,348 7.20%
SALISBURY, MD-DE (FHA|USDA|VA) 32 $10,320,000 $322,500 $11,442 7.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 31 $7,175,000 $231,452 $9,013 6.78%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 19 $6,915,000 $363,947 $13,114 7.41%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 15 $6,615,000 $441,000 $16,330 7.20%
COLUMBUS, OH (FHA|USDA|VA) 27 $6,445,000 $238,704 $8,501 7.07%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 15 $4,705,000 $313,667 $12,255 6.77%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 15 $3,625,000 $241,667 $8,757 7.03%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 13 $3,595,000 $276,538 $11,889 7.07%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 16 $3,590,000 $224,375 $8,453 7.25%
RALEIGH-CARY, NC (FHA|USDA|VA) 12 $3,530,000 $294,167 $7,617 7.68%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 10 $3,220,000 $322,000 $13,041 7.36%
PORT ST. LUCIE, FL (FHA|USDA|VA) 10 $3,190,000 $319,000 $11,871 6.43%
PROVIDENCE-WARWICK, RI-MA (FHA|USDA|VA) 7 $2,795,000 $399,286 $17,030 6.64%
DOVER, DE (FHA|USDA|VA) 9 $2,755,000 $306,111 $13,295 6.76%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 13 $2,235,000 $171,923 $9,104 7.19%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 6 $2,150,000 $358,333 $13,477 7.42%
DAYTON-KETTERING, OH (FHA|USDA|VA) 7 $1,905,000 $272,143 $8,329 7.23%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 8 $1,900,000 $237,500 $12,181 6.34%
READING, PA (FHA|USDA|VA) 6 $1,820,000 $303,333 $13,510 7.08%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $1,620,000 $405,000 $14,351 7.28%
Portsmouth, OH (FHA|USDA|VA) 13 $1,535,000 $118,077 $7,180 7.17%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 4 $1,470,000 $367,500 $16,975 7.31%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 5 $1,425,000 $285,000 $9,141 6.30%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 6 $1,350,000 $225,000 $8,636 7.73%
RICHMOND, VA (FHA|USDA|VA) 3 $1,335,000 $445,000 $11,305 6.75%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 7 $1,285,000 $183,571 $8,653 7.86%
EAST STROUDSBURG, PA (FHA|USDA|VA) 4 $1,260,000 $315,000 $14,765 7.50%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 6 $1,250,000 $208,333 $9,213 7.75%
MILWAUKEE-WAUKESHA, WI (FHA|USDA|VA) 4 $1,240,000 $310,000 $7,681 7.00%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 4 $1,220,000 $305,000 $10,230 6.75%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 2 $1,090,000 $545,000 $17,252 6.63%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 4 $930,000 $232,500 $9,003 6.72%
YORK-HANOVER, PA (FHA|USDA|VA) 4 $880,000 $220,000 $9,336 6.53%
FAYETTEVILLE, NC (FHA|USDA|VA) 4 $860,000 $215,000 $9,433 6.91%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $820,000 $410,000 $6,737 6.88%
OCALA, FL (FHA|USDA|VA) 3 $775,000 $258,333 $11,324 6.58%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $735,000 $735,000 $16,780 6.88%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 4 $720,000 $180,000 $8,000 6.72%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 2 $720,000 $360,000 $15,093 6.88%
WORCESTER, MA-CT (FHA|USDA|VA) 2 $710,000 $355,000 $8,190 6.38%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $705,000 $705,000 $11,073 6.62%
TOPEKA, KS (FHA|USDA|VA) 2 $700,000 $350,000 $8,198 6.62%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $690,000 $345,000 $5,470 6.19%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 3 $665,000 $221,667 $10,319 7.33%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 2 $660,000 $330,000 $15,715 7.56%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 2 $650,000 $325,000 $13,533 6.50%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 2 $630,000 $315,000 $10,686 7.13%
WILMINGTON, NC (FHA|USDA|VA) 2 $620,000 $310,000 $11,146 7.50%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 2 $620,000 $310,000 $18,893 7.38%
Jefferson, GA (FHA|USDA|VA) 1 $585,000 $585,000 $11,123 6.50%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $545,000 $545,000 $23,984 6.13%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $535,000 $535,000 $26,510 7.25%
Mount Vernon, OH (FHA|USDA|VA) 2 $520,000 $260,000 $14,422 7.25%
MOBILE, AL (FHA|USDA|VA) 6 $520,000 $86,667 $5,217 8.31%
Cullowhee, NC (FHA|USDA|VA) 1 $515,000 $515,000 $12,094 6.88%
DECATUR, AL (FHA|USDA|VA) 3 $515,000 $171,667 $8,227 6.96%
GETTYSBURG, PA (FHA|USDA|VA) 1 $515,000 $515,000 $6,657 8.25%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $505,000 $505,000 $16,162 7.50%
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 1 $465,000 $465,000 $19,205 7.25%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 2 $460,000 $230,000 $14,052 6.88%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $455,000 $455,000 $4,257 7.00%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $455,000 $455,000 $23,799 5.63%
Wilmington, OH (FHA|USDA|VA) 3 $455,000 $151,667 $3,970 6.96%
FLORENCE, SC (FHA|USDA|VA) 2 $450,000 $225,000 $11,022 7.13%
GREENVILLE, NC (FHA|USDA|VA) 2 $440,000 $220,000 $6,040 6.18%
Frankfort, KY (FHA|USDA|VA) 2 $420,000 $210,000 $9,142 7.06%
LANSING-EAST LANSING, MI (FHA|USDA|VA) 2 $420,000 $210,000 $4,200 6.38%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 2 $410,000 $205,000 $7,740 7.38%
MONROE, LA (FHA|USDA|VA) 1 $405,000 $405,000 $13,589 7.63%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $395,000 $395,000 $4,416 7.50%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $375,000 $375,000 $10,020 6.13%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $375,000 $375,000 $8,603 6.50%
Sevierville, TN (FHA|USDA|VA) 1 $365,000 $365,000 $13,305 7.63%
Greenwood, SC (FHA|USDA|VA) 1 $365,000 $365,000 $13,709 7.50%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $355,000 $355,000 $20,128 6.75%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 1 $355,000 $355,000 $12,146 7.25%
CLEVELAND, TN (FHA|USDA|VA) 1 $345,000 $345,000 $14,605 5.75%
MADISON, WI (FHA|USDA|VA) 1 $345,000 $345,000 $2,704 7.50%
Morehead City, NC (FHA|USDA|VA) 1 $335,000 $335,000 $9,200 6.63%
CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $335,000 $335,000 $8,455 6.13%
SAVANNAH, GA (FHA|USDA|VA) 1 $325,000 $325,000 $5,097 7.00%
TUCSON, AZ (FHA|USDA|VA) 1 $325,000 $325,000 $5,155 6.50%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 1 $325,000 $325,000 $10,648 9.25%
Marion, OH (FHA|USDA|VA) 3 $315,000 $105,000 $5,494 8.13%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $315,000 $315,000 $8,397 5.63%
Bedford, IN (FHA|USDA|VA) 2 $310,000 $155,000 $7,155 7.00%
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) 2 $310,000 $155,000 $7,863 6.75%
GADSDEN, AL (FHA|USDA|VA) 2 $310,000 $155,000 $7,209 8.81%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 1 $305,000 $305,000 $9,342 7.63%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $305,000 $305,000 $4,666 7.38%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $295,000 $295,000 $16,726 7.88%
Brainerd, MN (FHA|USDA|VA) 1 $285,000 $285,000 $10,734 6.88%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $275,000 $275,000 $9,989 6.38%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $275,000 $275,000 $7,943 7.25%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $265,000 $265,000 $7,819 6.00%
Wooster, OH (FHA|USDA|VA) 1 $265,000 $265,000 $8,973 6.88%
COLUMBIA, SC (FHA|USDA|VA) 1 $265,000 $265,000 $9,503 7.63%
Branson, MO (FHA|USDA|VA) 1 $255,000 $255,000 $12,242 6.75%
AMARILLO, TX (FHA|USDA|VA) 1 $245,000 $245,000 $9,908 5.38%
KNOXVILLE, TN (FHA|USDA|VA) 1 $245,000 $245,000 $3,928 6.00%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $245,000 $245,000 $15,034 6.75%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $245,000 $245,000 $9,925 7.75%
VALDOSTA, GA (FHA|USDA|VA) 1 $245,000 $245,000 $9,634 7.50%
Talladega-Sylacauga, AL (FHA|USDA|VA) 2 $240,000 $120,000 $6,107 8.63%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 2 $240,000 $120,000 $7,453 7.13%
DALTON, GA (FHA|USDA|VA) 1 $225,000 $225,000 $8,223 6.63%
GOLDSBORO, NC (FHA|USDA|VA) 1 $225,000 $225,000 $10,226 6.25%
West Plains, MO (FHA|USDA|VA) 1 $225,000 $225,000 $3,650 6.75%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 1 $215,000 $215,000 $3,746 6.75%
Athens, TN (FHA|USDA|VA) 1 $215,000 $215,000 $10,004 7.13%
LaGrange, GA-AL (FHA|USDA|VA) 2 $210,000 $105,000 $6,028 8.88%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $205,000 $205,000 $7,555 7.75%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 2 $200,000 $100,000 $5,166 7.13%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 1 $185,000 $185,000 $11,237 7.50%
BAY CITY, MI (FHA|USDA|VA) 2 $180,000 $90,000 $4,997 8.63%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $165,000 $165,000 $1,799 5.88%
London, KY (FHA|USDA|VA) 1 $165,000 $165,000 $10,804 7.25%
FORT WAYNE, IN (FHA|USDA|VA) 1 $155,000 $155,000 $2,825 6.13%
TUSCALOOSA, AL (FHA|USDA|VA) 2 $150,000 $75,000 $3,758 9.25%
LIMA, OH (FHA|USDA|VA) 1 $145,000 $145,000 $4,543 8.00%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $145,000 $145,000 $5,198 7.13%
Brookhaven, MS (FHA|USDA|VA) 1 $145,000 $145,000 $8,183 7.13%
DOTHAN, AL (FHA|USDA|VA) 1 $135,000 $135,000 $8,024 7.13%
Point Pleasant, WV-OH (FHA|USDA|VA) 1 $135,000 $135,000 $7,561 7.13%
Ruston, LA (FHA|USDA|VA) 2 $130,000 $65,000 $4,203 8.63%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 1 $125,000 $125,000 $3,626 7.88%
Cambridge, MD (FHA|USDA|VA) 1 $125,000 $125,000 $3,078 6.13%
SPRINGFIELD, OH (FHA|USDA|VA) 1 $115,000 $115,000 $4,283 6.50%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 1 $115,000 $115,000 $6,613 8.75%
KOKOMO, IN (FHA|USDA|VA) 1 $115,000 $115,000 $6,578 6.63%
CANTON-MASSILLON, OH (FHA|USDA|VA) 1 $115,000 $115,000 $2,257 6.63%
Minden, LA (FHA|USDA|VA) 1 $105,000 $105,000 $7,589 6.63%
TERRE HAUTE, IN (FHA|USDA|VA) 1 $105,000 $105,000 $6,571 6.63%
BURLINGTON, NC (FHA|USDA|VA) 1 $105,000 $105,000 $6,388 6.25%
Jasper, AL (FHA|USDA|VA) 1 $85,000 $85,000 $3,876 6.63%
Enterprise, AL (FHA|USDA|VA) 1 $75,000 $75,000 $3,265 7.25%
Clarksdale, MS (FHA|USDA|VA) 1 $75,000 $75,000 $5,784 7.13%
Kinston, NC (FHA|USDA|VA) 1 $65,000 $65,000 $5,299 7.75%
Logansport, IN (FHA|USDA|VA) 1 $65,000 $65,000 $5,065 7.13%
Bayshore Mortgage Funding's top markets include Cincinnati, Sebastian, Kansas City, Washington, and Baltimore among others.

Their top states include:
  • Florida (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • Kentucky (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 563 $155,565,000 $276,314 $7,342 7.06%
    FHA 319 $88,375,000 $277,038 $13,189 6.88%
    VA 110 $39,100,000 $355,455 $13,227 6.81%
    USDA 42 $6,960,000 $165,714 $8,100 7.03%

    For 2023, Bayshore Mortgage Funding's most frequently originated type of loan was Conventional, with 563 originations. Their 2nd most popular type was FHA, with 319 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 925 $258,625,000 $279,595 $9,560 6.97%
    Cash Out Refi 96 $27,540,000 $286,875 $12,652 7.01%
    Refi 13 $3,835,000 $295,000 $7,120 6.91%

    For 2023, Bayshore Mortgage Funding's most frequently cited loan purpose was Home Purchase, with 925 originations. The 2nd most popular reason was Cash Out Refi, with 96 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,005 $288,235,000 $286,801 $10,039 6.92%
    10 Year 23 $275,000 $11,957 $456 9.48%
    15 Year 3 $735,000 $245,000 $7,845 6.17%
    20 Year 2 $490,000 $245,000 $7,438 8.63%
    Other 1 $265,000 $265,000 $13,925 7.50%

    For 2023, Bayshore Mortgage Funding's most frequently cited loan duration was 30 Year, with 1,005 originations. The 2nd most popular length was 10 Year, with 23 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 411 $149,565,000 $363,905
    $1k-2k 217 $53,195,000 $245,138
    $3k-4k 134 $28,170,000 $210,224
    $4k-5k 122 $31,950,000 $261,885
    $2k-3k 103 $18,965,000 $184,126
    $<1k 41 $6,305,000 $153,780

    Bayshore Mortgage Funding's average total fees were $10,039, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 411 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 493 $142,735,000 $289,523
    7-8% 408 $114,360,000 $280,294
    5-6% 82 $23,590,000 $287,683
    Over 8% 51 $9,315,000 $182,647

    During 2023, Bayshore Mortgage Funding's average interest rate for loans was 6.92%, while their most frequently originated rate bucket for loans was 6-7%, with 493 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 521 $147,735,000 $283,560 $10,315 6.91%
    $100k-200k 273 $42,455,000 $155,513 $6,496 6.93%
    $400k-600k 145 $68,945,000 $475,483 $14,674 6.93%
    $100,000 or less 56 $2,860,000 $51,071 $2,942 7.96%
    $600k-1MM 37 $25,775,000 $696,622 $17,217 7.02%
    $1MM+ 2 $2,230,000 $1,115,000 $36,176 6.75%

    2023 saw Bayshore Mortgage Funding place emphasis on $200k-400k loans with 521 originations, totaling $147,735,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 275 $55,535,000 $201,945 $7,998 6.92%
    $100k-150k 250 $80,130,000 $320,520 $11,199 7.00%
    $75k-100k 213 $55,225,000 $259,272 $10,034 6.91%
    $150k-250k 140 $57,310,000 $409,357 $11,823 7.12%
    $50k or less 89 $12,005,000 $134,888 $6,109 6.90%
    $250k+ 61 $27,735,000 $454,672 $12,721 7.15%

    Bayshore Mortgage Funding lent most frequently to those with incomes in the $50k-75k range, with 275 originations. The second most popular income band? $100k-150k, with 250 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 158 $42,390,000 $268,291 $8,662 7.05%
    50-60% 141 $43,985,000 $311,950 $14,047 6.76%
    20-30% 106 $24,700,000 $233,019 $8,114 6.86%
    49% 85 $27,055,000 $318,294 $11,299 6.93%
    46% 55 $17,055,000 $310,091 $10,149 7.05%
    47% 48 $14,370,000 $299,375 $10,278 7.08%
    44% 47 $13,765,000 $292,872 $8,846 6.97%
    48% 47 $15,335,000 $326,277 $10,520 6.89%
    45% 40 $10,840,000 $271,000 $10,216 7.13%
    39% 39 $9,575,000 $245,513 $9,134 7.15%
    41% 39 $11,995,000 $307,564 $9,738 7.03%
    38% 37 $9,285,000 $250,946 $8,232 6.98%
    37% 36 $9,130,000 $253,611 $8,468 7.05%
    42% 34 $9,290,000 $273,235 $9,123 7.14%
    43% 33 $8,065,000 $244,394 $7,325 7.20%
    <20% 28 $6,130,000 $218,929 $6,358 6.96%
    40% 28 $7,240,000 $258,571 $7,949 7.03%
    36% 26 $7,160,000 $275,385 $9,233 6.85%
    >60% 2 $620,000 $310,000 $13,952 6.63%

    Bayshore Mortgage Funding lent most frequently to those with DTI ratios of 30-36%, with 158 originations. The next most common DTI ratio? 50-60%, with 141 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 790 $219,660,000 $278,051 $9,573 6.94%
    Black 139 $37,405,000 $269,101 $10,873 7.20%
    Not provided 72 $22,860,000 $317,500 $10,437 6.96%
    Asian 31 $9,555,000 $308,226 $9,954 6.93%
    American Indian 2 $520,000 $260,000 $8,713 6.88%

    Approval Rates

    Total approvals of all applications
    90.75%

    Bayshore Mortgage Funding has an average approval rate.

    Pick Rate

    Approvals leading to origination
    58.61%

    Bayshore Mortgage 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
    NA 1,034 $290,000,000 $280,464

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,034 $290,000,000 $280,464

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $2,880,000 $144,000 $4,658 6.82%
    40-60% 50 $11,890,000 $237,800 $7,269 6.66%
    60-80% 209 $60,585,000 $289,880 $9,203 6.96%
    80-100% 709 $205,775,000 $290,233 $10,445 6.93%
    Over 100% 21 $7,995,000 $380,714 $16,264 6.71%
    Under 20% 25 $875,000 $35,000 $857 9.48%