Where does Bay Equity do business?

Bay Equity is a direct lender based in Sausalito, CA. The company was founded in 2007 and offers mortgage refinancing to borrowers in 31 states across the USA.

What is the maximum loan term for a mortgage refinance via Bay Equity?

The term of a mortgage refinance will determine the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Bay Equity offers mortgages refinancing with terms ranging from 10 to 30 years.

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 home 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
  • FHA 203k
  • HARP
  • HomePath
  • 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
  • Secondary homes and vacation properties
  • Rental properties
  • Inestment properties and house flipping projects 

  • Intended Use
    • Investment/House Flipping
    • Primary Home
    • Rental Property
    • Secondary Home
  • Loan Amount
    Up to $5000000
  • Loan Term (Years)
    10 - 30
  • Terms
    5/1, 7/1, 10, 15, 20, 30 years
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