Loan Options

Bay Lending offers a wide range of mortgages, including fixed-rate, adjustable-rate, low down payment, and special-needs financing loans. We will work to find a mortgage that meets your needs. Listed below are a few of your loan options.

See Definitions of Loan Terminology.

Fixed-Rate Mortgages
Fixed-rate mortgages, the most popular type of mortgage, offer the peace of mind that your interest rate will remain the same for as long as you have your loan. Typically, the longer the term of the mortgage, the more interest you pay over the life of your loan. However, stretching out your repayment term means your monthly mortgage payments will be less than they would be with a comparable shorter-term mortgage.

Adjustable-Rate Mortgages (ARMs)
Adjustable Rate Mortgages are attractive when long-term interest rates are high and people need an affordable way of financing to buy homes. These products start out with a lower interest rate, then the interest rate adjusts periodically in accordance with the Prime Interest Rate. Ask a Bay Lending Loan Officer if an ARM is for you.

Low Down Payment Mortgages
Recognizing that saving enough money for a down payment can be a major stumbling block to buying a home, Bay Lending can lend you money even if you have limited funds for a down payment and closing costs.

Home Improvement Mortgages
By choosing to buy and fix up a home or by renovating your current home, you can make your dream house a reality. And with the right financing, you can do it economically. Bay Lending offers you several types of mortgages that let you finance home improvements.

Reverse Mortgage
A reverse mortgage is a loan that enables senior homeowners, age 62 and older, to convert part of their home equity into tax-free income—without having to sell their home, give up title to it, or make monthly mortgage payments. The loan only becomes due when the last borrower (s) permanently leaves the home.

Apply For A Loan

Apply Online. There is no cost or obligation to explore your options.