WIRE FRAUD AND BUSINESS IDENTITY THEFT ALERT. Criminals are hacking email accounts and creating email accounts that look legitimate in an effort to extract funds from unsuspecting individuals. The emails look legitimate but are not. The criminals may impersonate a member of our staff for wire fraud or for an advance fee for loan scam. You can confirm you’re working with a Bayway team member by calling 904-224-2350.

apply-now upload-now      1-855-399-0644 support@baywaymortgage.com      NMLS # 1057426

FHA Fixed

FHA Fixed Loans

Easy Qualifications With FHA Loans

The FHA, or Federal Housing Administration, provides insurance on mortgage loans to encourage lenders to extend loans to individuals who might have difficulties achieving a loan otherwise.

FHA loans help first time buyers, individuals who are not able to put money away for a down payment, and individuals with lower credit scores.

FHA Benefits:

  • Lower down payments and closing costs
  • Lock in low rates
  • FICO’s as low as 580
  • Same exact payment every month

Steps to FHA Loans:

Before you start the FHA loan process, be prepared to provide some information to one of our loan officers.

  • Social Security numbers
  • Address
  • Gross monthly salary
  • Banking and financial information
  • Tax returns

How FHA Loans Work: 

  • Complete a loan application.
  • Provide the documentation required by the lender.
  • Down payment of 3%*
  • Complete the loan transaction.