Buying a new home

Is your cart before the horse? In today’s competitive housing market Buyers need to start with a loan pre-qualification before making offers to buy a house.

As the housing marketing begins its recovery, now is a great time to take advantage of low rates and flexible loan programs at Bay Equity. Getting a mortgage is more than just rates; it’s about developing a plan for one of the biggest investments that you will make in your life.

Bay Equity Loan Officers are specially trained to match your unique credit, income and asset qualifications to the best program available to you. With the improving economy, Bay Equity is on the forefront of delivering the widest array of purchase money home loans. As a direct lender of FHA, VA, USDA, Conventional and Jumbo loans, we can prepare a loan pre-qualification that will show Sellers you are qualified to buy their house!

What are the benefits of borrowing over renting?

• Tax Benefits
  
  • The interest paid on your mortgage – which is the majority of your payment for the first few years – is tax deductible. That means more money for your family, more money to take that extra vacation, and more money for that romantic evening out.
• Freedom to customize your home to fit your personality.
  
  • Buying a home allows you the freedom to add, subtract, or customize your home to better fit you and your family. Also, as you upgrade your home, it’s value will increase and your equity will grow.
• Stop paying someone else’s mortgage. Many believe the best way to build wealth is through home ownership. Better yet, you won’t have to worry about moving every time your lease is up.
  

A Bay Equity Loan Officer will show you diverse and current options for a purchase home loan including:

• 15 and 30 Year Fixed Rates
• Conventional loans with as little as 3% down
• Adjustable Rate Mortgage with low introductory rates
• 100% Financing through USDA and VA
• FHA with Down Payment Assistance

Contact a loan officer today to set up the right plan for you.