Bayshore Mortgage Funding Rates, Fees & Info
BALTIMORE, MDLEI: 549300PEWJWBNEOSS013
Tax ID: 52-2304304
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Mortgage Data
Review & Overview
Bayshore Mortgage Funding is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. They have a a high proportion of FHA loans. Bayshore Mortgage Funding has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Washington, Baltimore, Raleigh, Seattle, and Dallas among others. We have data for 100 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 about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.98% | 12/17/24 |
| 30 Year Conventional Refi | 6.76% | 12/17/24 |
| 30 Year Cash-out Refi | 6.93% | 12/17/24 |
| 30 Year FHA Purchase | 7.72% | 12/17/24 |
| 30 Year FHA Refi | 7.53% | 12/17/24 |
| 30 Year VA Purchase | 6.58% | 12/17/24 |
| 30 Year VA Refi | 5.96% | 12/17/24 |
| 30 Year USDA Purchase | 7.26% | 12/17/24 |
| 30 Year USDA Refi | 6.33% | 12/17/24 |
| 15 Year Conventional Purchase | 6.31% | 12/17/24 |
| 15 Year Conventional Refi | 6.45% | 12/17/24 |
| 15 Year Cash-out Refi | 6.45% | 12/17/24 |
| 15 Year FHA Purchase | 7.76% | 12/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
654Origination Dollar Volume (All Markets)
$157,100,000Awards
BAYSHORE MORTGAGE FUNDING - 2018
BAYSHORE MORTGAGE FUNDING is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
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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 |
|---|---|---|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 165 | $47,805,000 | $289,727 | $8,915 | 5.11% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 144 | $28,610,000 | $198,681 | $7,892 | 5.08% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 30 | $7,640,000 | $254,667 | $6,622 | 5.35% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 22 | $6,660,000 | $302,727 | $10,950 | 4.59% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 20 | $4,240,000 | $212,000 | $8,362 | 5.03% |
| MIDLAND, TX (FHA|USDA|VA) | 13 | $3,015,000 | $231,923 | $9,713 | 5.40% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 9 | $2,555,000 | $283,889 | $10,865 | 4.69% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 12 | $2,440,000 | $203,333 | $8,206 | 4.38% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 8 | $2,360,000 | $295,000 | $8,216 | 4.72% |
| MODESTO, CA (FHA|USDA|VA) | 6 | $1,960,000 | $326,667 | $15,158 | 4.67% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 7 | $1,905,000 | $272,143 | $9,499 | 4.84% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 7 | $1,855,000 | $265,000 | $7,896 | 5.13% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 7 | $1,755,000 | $250,714 | $10,901 | 4.88% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 7 | $1,725,000 | $246,429 | $9,966 | 4.77% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 9 | $1,705,000 | $189,444 | $8,522 | 5.15% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 7 | $1,635,000 | $233,571 | $10,007 | 4.46% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 6 | $1,560,000 | $260,000 | $10,466 | 4.85% |
| ODESSA, TX (FHA|USDA|VA) | 8 | $1,560,000 | $195,000 | $7,178 | 5.17% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 5 | $1,535,000 | $307,000 | $11,718 | 4.08% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 7 | $1,395,000 | $199,286 | $6,537 | 4.95% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 4 | $1,170,000 | $292,500 | $15,776 | 4.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $1,165,000 | $166,429 | $7,611 | 4.89% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 4 | $1,070,000 | $267,500 | $7,368 | 5.06% |
| Outside of Metro Areas | 6 | $1,060,000 | $176,667 | $7,546 | 5.23% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 6 | $1,060,000 | $176,667 | $6,420 | 5.65% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $1,020,000 | $255,000 | $8,266 | 5.28% |
| TUCSON, AZ (FHA|USDA|VA) | 5 | $975,000 | $195,000 | $8,594 | 4.18% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 6 | $910,000 | $151,667 | $5,612 | 5.00% |
| FRESNO, CA (FHA|USDA|VA) | 4 | $890,000 | $222,500 | $8,376 | 4.88% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $8,854 | 4.94% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $11,059 | 6.15% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 3 | $735,000 | $245,000 | $4,757 | 4.79% |
| NEW BERN, NC (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $7,554 | 5.75% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 3 | $695,000 | $231,667 | $11,050 | 4.63% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $16,831 | 5.38% |
| New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $8,463 | 4.13% |
| GREENVILLE, NC (FHA|USDA|VA) | 3 | $645,000 | $215,000 | $10,662 | 5.92% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 2 | $630,000 | $315,000 | $8,522 | 5.06% |
| GREELEY, CO (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $7,636 | 4.79% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $8,166 | 5.17% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $600,000 | $300,000 | $4,852 | 4.50% |
| SALEM, OR (FHA|USDA|VA) | 3 | $595,000 | $198,333 | $9,703 | 4.38% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $5,252 | 4.08% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $8,578 | 6.00% |
| YAKIMA, WA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $13,615 | 4.50% |
| YUBA CITY, CA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $7,126 | 4.63% |
| VISALIA, CA (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $7,423 | 5.13% |
| CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 2 | $460,000 | $230,000 | $8,418 | 5.19% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 3 | $455,000 | $151,667 | $4,630 | 4.75% |
| Oak Harbor, WA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $7,080 | 4.63% |
| RICHMOND, VA (FHA|USDA|VA) | 2 | $430,000 | $215,000 | $11,816 | 5.06% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 5.50% |
| FORT COLLINS, CO (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $6,645 | 5.00% |
| LONGVIEW, WA (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $8,468 | 4.69% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $8,891 | 5.06% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $350,000 | $175,000 | $7,294 | 4.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $9,676 | 4.81% |
| LEBANON, PA (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $11,741 | 3.25% |
| MERCED, CA (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,210 | 5.00% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $9,698 | 5.25% |
| Roseburg, OR (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $8,470 | 4.38% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 2 | $280,000 | $140,000 | $7,414 | 4.63% |
| DOVER, DE (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,969 | 4.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $8,422 | 6.63% |
| Shelton, WA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $7,828 | 3.75% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $11,519 | 4.50% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $16,459 | 4.63% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $9,387 | 5.00% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $8,666 | 4.50% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $11,253 | 4.13% |
| WARNER ROBINS, GA (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $6,434 | 4.38% |
| Morehead City, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $0 | 6.00% |
| DALTON, GA (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,346 | 4.13% |
| COLUMBIA, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,468 | 3.75% |
| Washington, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $11,079 | 5.63% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $11,361 | 5.00% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $9,966 | 4.63% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $11,863 | 4.38% |
| CORVALLIS, OR (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $5,445 | 5.50% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,224 | 3.75% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $9,510 | 4.13% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $2,885 | 4.25% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $6,205 | 4.75% |
| GETTYSBURG, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $4,295 | 4.75% |
| HARRISBURG-CARLISLE, PA (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,805 | 4.38% |
| Crescent City, CA (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,295 | 5.63% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,882 | 4.88% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $6,500 | 5.75% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,140 | 3.25% |
| Lumberton, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $9,428 | 6.00% |
| Paris, TN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,547 | 4.88% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,059 | 4.25% |
| WENATCHEE, WA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $5,365 | 4.75% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,648 | 3.63% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,936 | 4.38% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,140 | 4.88% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $9,576 | 4.38% |
| Athens, TN (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,726 | 4.00% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $4,199 | 5.25% |
| Wilson, NC (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $4,169 | 5.13% |
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Product Mix
For 2018, Bayshore Mortgage Funding's most frequently originated type of loan was FHA, with 300 originations. Their 2nd most popular type was Conventional, with 215 originations.
Loan Reason
For 2018, Bayshore Mortgage Funding's most frequently cited loan purpose was Home Purchase, with 363 originations. The 2nd most popular reason was Cash Out Refi, with 189 originations.
Loan Duration/Length
For 2018, Bayshore Mortgage Funding's most frequently cited loan duration was 30 Year, with 620 originations. The 2nd most popular length was Other, with 11 originations.
Origination Fees/Closing Costs
Bayshore Mortgage Funding's average total fees were $8,584, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 210 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 351 | $84,275,000 | $240,100 |
| 5-6% | 239 | $57,895,000 | $242,238 |
| 3-4% | 42 | $9,890,000 | $235,476 |
| 6-7% | 11 | $2,315,000 | $210,455 |
| 7-8% | 11 | $2,725,000 | $247,727 |
During 2018, Bayshore Mortgage Funding's average interest rate for loans was 4.98%, while their most frequently originated rate bucket for loans was 4-5%, with 351 originations.
Loan Sizing
2018 saw Bayshore Mortgage Funding place emphasis on $200k-400k loans with 364 originations, totaling $97,460,000 in origination value.
Applicant Income
Bayshore Mortgage Funding lent most frequently to those with incomes in the $50k-75k range, with 214 originations. The second most popular income band? $75k-100k, with 144 originations.
Applicant Debt to Income Ratio
Bayshore Mortgage Funding lent most frequently to those with DTI ratios of 50-60%, with 124 originations. The next most common DTI ratio? 30-36%, with 79 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications91.21%
Bayshore Mortgage Funding has an average approval rate.
Pick Rate
Approvals leading to origination66.06%
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 | 654 | $157,100,000 | $240,214 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 14 | $2,910,000 | $207,857 |
| Single Family (1-4 Units):Site-Built | 640 | $154,190,000 | $240,922 |