Where does Bay Equity do business?

Bay Equity is a direct lender based in Sausalito, CA. The company was founded in 2007 and offers mortgages to borrowers in 20 states across the USA.

How much can you borrow via Bay Equity?

Bay Equity allows borrowers to apply for loan amounts of up to $5,000,000. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose..

Does Bay Equity charge a mortgage origination fee?

Yes, Bay Equity may charge a loan origination fee.

Does Bay Equity charge prepayment fees?

Yes, Bay Equity charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment fees can reduce or even cancel the interest savings of repaying a loan early.

What mortgage programs does Bay Equity offer?

Bay Equity offers the following mortgage programs:

  • Conventional mortgages
  • FHA
  • HARP
  • USDA
  • VA

What property usage types does Bay Equity allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Bay Equity allows the following property usage types: 

  • Primary home 

  • Intended Use
    Primary Home
  • Primary Residence
  • Estate/Trust/Retirement
  • Loan Amount
    $100000 - $5000000
  • Terms
    10, 15, 20, 30
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