Bay Federal Credit Union

Mortgage Rates

Browse our mortgage base rates and figure out the right type for you! Your credit score may affect the rates you personally receive upon application.

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Mortgage
Conforming-Fixed Conforming-Adj Jumbo-Fixed Jumbo-Adj Mobile

Conforming - Fixed

Rates Effective: 06/09/2023
Product Rate Points APR Payments
30 YEAR FIXED 6.875% 0.000 6.998% $2,628
20 YEAR FIXED 6.875% 0.000 7.036% $3,071
15 YEAR FIXED 6.625% 0.000 6.824% $3,512
10 YEAR FIXED 6.375% 0.000 6.653% $4,517
Rates shown are for informational purposes only. Rate examples are based on a single-family detached property with a minimum credit score of 740, 60% loan-to-value (LTV), owner-occupied property located in California with a qualified borrower with a total loan amount of $400,000. Payment examples shown do not include taxes or insurance. Actual payments may be greater. Certain rate and/or point adjustments may apply depending on loan features, market adjustments, and borrower's credit. Maximum LTV will vary by product. All rates and points are subject to change without notice. No rate is guaranteed until there is a valid rate lock. Additional restrictions and conditions may apply.

Conforming - Adjustable

Rates Effective: 06/09/2023
Product Rate Points APR Payments
10/6MO ARM SOFR 6.500% 0.000 6.992%
Monthly Payments
Amount
Year 1
$2,528
Year 11
$3,777
7/6MO ARM SOFR 6.375% 0.000 7.088%
Monthly Payments
Amount
Year 1
$2,495
Year 8
$3,924
5/5 ARM SOFR 6.250% 0.000 7.186%
Monthly Payments
Amount
Year 1
$2,463
Year 6
$3,214
5/6MO ARM SOFR 6.250% 0.000 7.186%
Monthly Payments
Amount
Year 1
$2,463
Year 6
$3,214

Rates shown are for informational purposes only. Rate examples are based on a single-family detached property with a minimum credit score of 740, 60% loan-to-value (LTV), owner-occupied property located in California with a qualified borrower with a total loan amount of $400,000. Payment examples shown do not include taxes or insurance. Actual payments may be greater. Certain rate and/or point adjustments may apply depending on loan features, market adjustments, and borrower's credit. Maximum LTV will vary by product. All rates and points are subject to change without notice. No rate is guaranteed until there is a valid rate lock. Additional restrictions and conditions may apply.

5/6, 7/6 and 10/6 ARM rates are variable, may increase or decrease during the life of the loan, and are indexed to the 30-day Average Secured Overnight Financing Rate (SOFR) with a margin of 2.50%. ARM loans are amortized over a 30-year term. 5/6 ARMs are fixed for the first 5 years, subject to change every 6 months thereafter. 7/6 ARMs are fixed for the first 7 years, subject to change every 6 months thereafter. 10/6 ARMs are fixed for the first 10 years, subject to change every 6 months thereafter. 5/5 ARM rate is variable, may increase or decrease during the life of the loan, and is indexed to the 30-day Average SOFR with a margin of 2.50%. The 5/5 ARM loan is amortized over a 30-year term. The rate is fixed for the first 5 years, subject to change every 5 years thereafter.

Jumbo - Fixed

Rates Effective: 06/09/2023
Product Rate Points APR Payments
30 YEAR FIXED 6.250% 0.000 6.306% $6,157
15 YEAR FIXED 6.250% 0.000 6.343% $8,574
Rates shown are for informational purposes only. Rate examples are based on a single-family detached property with a minimum credit score of 740, 60% loan-to-value (LTV), owner-occupied property located in California with a qualified borrower with a total loan amount of $1,000,000. Payment examples shown do not include taxes or insurance. Actual payments may be greater. Certain rate and/or point adjustments may apply depending on loan features, market adjustments, and borrower's credit. Maximum LTV will vary by product. All rates and points are subject to change without notice. No rate is guaranteed until there is a valid rate lock. Additional restrictions and conditions may apply.

Jumbo - Adjustable

Rates Effective: 06/09/2023
Product Rate Points APR Payments
10/6MO ARM SOFR 6.125% 0.000 6.683%
Monthly Payments
Amount
Year 1
$6,076
Year 11
$9,190
7/6MO ARM SOFR 6.000% 0.000 6.832%
Monthly Payments
Amount
Year 1
$5,996
Year 8
$9,604
5/5 ARM SOFR 5.875% 0.000 6.974%
Monthly Payments
Amount
Year 1
$5,915
Year 6
$7,881
5/6MO ARM SOFR 5.875% 0.000 6.972%
Monthly Payments
Amount
Year 1
$5,915
Year 6
$7,879

Rates shown are for informational purposes only. Rate examples are based on a single-family detached property with a minimum credit score of 740, 60% loan-to-value (LTV), owner-occupied property located in California with a qualified borrower with a total loan amount of $1,000,000. Payment examples shown do not include taxes or insurance. Actual payments may be greater. Certain rate and/or point adjustments may apply depending on loan features, market adjustments, and borrower's credit. Maximum LTV will vary by product. All rates and points are subject to change without notice. No rate is guaranteed until there is a valid rate lock. Additional restrictions and conditions may apply.

5/6, 7/6 and 10/6 ARM rates are variable, may increase or decrease during the life of the loan, and are indexed to the 30-day Average Secured Overnight Financing Rate (SOFR) with a margin of 2.50%. ARM loans are amortized over a 30-year term. 5/6 ARMs are fixed for the first 5 years, subject to change every 6 months thereafter. 7/6 ARMs are fixed for the first 7 years, subject to change every 6 months thereafter. 10/6 ARMs are fixed for the first 10 years, subject to change every 6 months thereafter. 5/5 ARM rate is variable, may increase or decrease during the life of the loan, and is indexed to the 30-day Average SOFR with a margin of 2.50%. The 5/5 ARM loan is amortized over a 30-year term. The rate is fixed for the first 5 years, subject to change every 5 years thereafter.

Mobile - Fixed

Rates Effective: 06/09/2023
Product Rate Points APR Payments
20 YEAR FIXED COOP 7.875% 1.500 8.363% $2,486
15 YEAR FIXED COOP 7.625% 1.500 8.222% $2,802
10 YEAR FIXED COOP 7.375% 1.500 8.200% $3,542
20 YEAR FIXED LEASED LAND 8.875% 1.500 9.384% $2,675
15 YEAR FIXED LEASED LAND 8.625% 1.500 9.240% $2,976
10 YEAR FIXED LEASED LAND 8.375% 1.500 9.217% $3,700
Rates shown are for informational purposes only. Rate examples are based on a single-family detached property with a minimum credit score of 740, 60% loan-to-value (LTV), owner-occupied property located in California with a qualified borrower with a total loan amount of $300,000. Payment examples shown do not include taxes or insurance. Actual payments may be greater. Certain rate and/or point adjustments may apply depending on loan features, market adjustments, and borrower's credit. Maximum LTV will vary by product. All rates and points are subject to change without notice. No rate is guaranteed until there is a valid rate lock. Additional restrictions and conditions may apply.

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