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We Do Home Loans

Affordable options and rates for home loans. Get Preapproved!

Bay Federal Does Home Loans
FHA and VA Home Loans have no or low downpayments and easy qualification

VA Loans Make It Easy for Our Servicemembers
Bay Federal appreciates your service! You may be eligible for a VA Home Loan if you have served at least 90 consecutive days during wartime, or you have served at least 181 days during peacetime, or you have more than six years of service in the National Guard or Reserves.

VA Home Loans Feature:

  • No down payment
  • No prepayment penalties
  • Easier qualification
  • Lower interest rates
  • Limits on closing costs
  • No private mortgage insurance required

Spouses Eligible, Too
You may also be eligible for a VA Home Loan if you are the spouse of a service member who died in the line of duty or as a result of a service-related injury.

FHA Loans Make Home Loans Even More Affordable

Bay Federal offers home loans insured by the Federal Housing Administration. An FHA-insured mortgage through Bay Federal brings advantages that other loans do not, such as:     Couple kissing in front of their FHA house

  • Smaller Down Payment — Enjoy a smaller down payment with an FHA-insured loan. The money can come from a family member or it can be a gift.
  • Low Costs — FHA-insured loans offer competitive interest rates. That’s because they’re insured by the federal government.
  • Credit Problems OK — You do not need to have perfect credit to qualify for an FHA-insured mortgage.
Purchase or Refinance

Qualify for an FHA-insured loan even if you are a first-time home buyer. Plus, you may use an FHA-insured mortgage to purchase or refinance a new or existing home.

  
Certificate of Eligibility issued from the VA verifies your eligibility to receive VA benefits. Loan approval subject to income and credit evaluation. VA and FHA Home Loans are processed by CUSO Mortgage, Inc. under contract with Bay Federal Credit Union (NMLS #403635). Terms subject to change without notice. CUSO Mortgage, Inc. is licensed by the California Department of Business Oversight under the California Residential Mortgage Lending Act - License Number 413-0584. NMLS ID #226752.
CUSO Mortgage, Inc., is a wholly owned subsidiary of Wescom Holdings, LLC, which is a wholly owned subsidiary of Wescom Credit Union. CUSO Mortgage, Inc., is licensed by the California Department of Corporations under the California Residential Mortgage Lending Act, license number 413-0584. NMLS ID #226752.
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