Which Loan is Right for You?

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Home Loans for Every Stage of Your Life

We understand that buying a house can be a daunting process, even if you have done it before. There are many different types of loans available to you, and we are here to help you find the right one for your situation.

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The Right Loan at the Right Time

First-Time Homebuyers

If you are ready to step into homeownership, we have a few lending options that might be right for you.

We offer Manufactured Home Loans for leased-land or in co-op parks, with down payments as low as 5%.* These provide a great option in a number of attractive parks for those looking for a more affordable ownership option.

If you are looking for a more traditional home, our First-Time Homebuyers Program may help you make the leap into homeownership. Through this program we cover the closing costs, saving you during the purchase process. Loans under $970,800 also qualify for a low 3% down payment to make a home purchase more attainable.^†
Time to Upgrade

When you are ready to upgrade your living situation, we can help you finance a larger purchase. From a wide variety of adjustable- and fixed-rate mortgage solutions, to our Jumbo Loans of up to $3,000,000, our Home Loan Consultants can help you decide on the perfect loan to suit your needs.
Time to Downsize

If your current home has more space than you need or can comfortably handle, you might be considering downsizing. We offer Manufactured Home Loans for leased-land or in co-op parks, with down payments as low as 5%.* These provide a great option in a number of attractive parks for those looking for a smaller ownership option with less space to manage.
For those looking for a brick-and-mortar home, we have a wide variety of adjustable- and fixed-rate mortgage solutions to help you make the transition to a house that fits your needs. Our Home Loan Consultants can help you narrow in on the perfect loan for you.
Ready to Refinance?

If you already have a home loan, you might benefit from refinancing with Bay Federal. Not only could you save money by lowering your monthly payments, but we have a large variety of flexible mortgage options available to you.

By financing with us, your money stays local and supports local communities. As you save money, your friends, family, and neighbors benefit—it's a win-win! Apply today or speak with a Home Loan Consultant about your options and any current promotional offers!
Second Mortgages and Home Equity Lines of Credit (HELOCs)

When you own your own home, you can access the equity in your house in a few different ways. Use those funds for home repairs, energy-efficient improvements, special projects, unexpected expenses, or anything else!

For a lump-sum to get started with, we offer Second Mortgages at competitive rates and attractive terms. For money when you need it, our Home Equity Loans might be the right solution for you. The HELOC Flex comes with a low introductory rate and flexible options to lock in your rate for specific dollar amounts, such as the cost of a solar installation, roofing repairs, remodels, or even college expenses! Apply today to get started!

Ready to take the next step or find out your options? Explore our Home Loans Center, fill out the form below to talk to a friendly and knowledgeable Home Loan Consultant, or get started by applying today!

If you would like a Bay Federal Home Loan Consultant to contact you, please complete and submit the following information. Please know we can only assist with home purchases or refinances in the state of California.

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*Manufactured homes must be built after 6/15/1976 and be real property.

^†No closing costs include lender fees, appraisal fees, title fees, and escrow fees. First Time Homebuyer Program available to those that have not owned a property in the last three years. Offer valid on owner-occupied single-family residences for those with a credit score of 680+. Maximum loan amounts up to $1,089,300 in Santa Cruz and San Benito Counties, and $915,400 in Monterey County. Mortgage insurance required for loan amounts greater than 80% loan to value. Offer applicable on purchase transactions in the State of California. Offer not available on refinances. Other restrictions may apply. Terms and conditions are subject to change without notice. All loans are subject to approval of credit, income verification, and property valuation. Bay Federal Credit Union membership required at the time of closing. For more information, visit any Bay Federal Credit Union branch or call a Bay Federal Home Loan Consultant at 831.479.6000, or toll-free at 888.4BAYFED, extension 304. Bay Federal Credit Union is registered with the Nationwide Mortgage Lending System (NMLS). Bay Federal Credit Union ID #403635. Federally Insured by NCUA. Equal Housing Lender.

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Jumbo Home Loans

Which Loan is Right for You?

Home Loans for Every Stage of Your Life

The Right Loan at the Right Time

First-Time Homebuyers

Time to Upgrade

Time to Downsize

Ready to Refinance?

Second Mortgages and Home Equity Lines of Credit (HELOCs)

If you would like a Bay Federal Home Loan Consultant to contact you, please complete and submit the following information. Please know we can only assist with home purchases or refinances in the state of California.