Various Types Of Bay Equity Home Loans

Business man house in human hands

Bay equity home loans is a family owned and directed, full-service marketing mortgage lender founded in the year 2007. It is located in the financial district of San Francisco. The company has its branches in around 30 states and it is rapidly expanding throughout the nation. Apart from retail branches, the company also has operations and corporate centers in Sausalito, Concord, Grand Junction, Denver, Lake Oswego, California, Washington, Everett and Orlando. Accomplished and expert financial and mortgage professionals at almost all levels work for the company. It also boasts of a highly experienced and top notch staff of operations professionals and corporate executives. The company is recognized regularly for service and growth in the Industry and various other publications. It always looks forward to serving the purchase and refinance requirements of its clients.

The types of bay equity home loans include:

Fixed Term Home Loans

The fixed term home loans are the standard home loans available in different terms ranging from 10 years to 30 years. These loans provide consistent payment throughout the life of the loans.

Adjustable Rate Home Loans

The adjustable rate home loans are best suited for individuals or home buyers planning to refinance or sell their homes between five and ten years. These loans offer the lowest rates available initially.

Various Types Of Bay Equity Home Loans

FHA Home Loans

These types of loans are Government insured home loans that help individuals in buying and refinancing property even when the conditions are not right.

Jumbo Home Loans

The jumbo home loans help in getting the dream of owning a home, a reality for individuals by offering cash amounts above $424,100.

Home Loan Pre-Qualification Procedure

This is the right time for you to approach bay equity home loans for buying a house as Bay Equity is there to help you be in the right path towards buying a home. Buying a home is considered one of the most exclusive and smartest expressions of the lives of individuals. Homes serve as the best investment and there are even wonderful tax advantages available for the home owners. However, getting hold of the right lender who can guide you through the procedure of getting a home loan can make a huge difference between failure and success in buying your first house. The loan pre-qualification procedure for Bay Equity loans is as follows:

  • Complete the online application procedure
  • Sign the credit authorization form
  • Sign Federal Tax Returns
  • Fill out 1099s or W-2 forms for the past two years
  • Produce bank statements of 2 months
  • Present a copy of your Social Security card
  • Present a copy of your driver’s license
  • Lock in your rate of interest

It is very important for you to have a good credit score in order to get a home loan from Bay Equity. Make sure that you take all the possible measures for keeping your credit score at a good position for you to be able to get a home loan. It is also important for you to have a stable income and the ability of paying a certain down payment in order to get your home loan approved.