Program Offers More Options and Flexibility for Borrowers
SAN FRANCISCO, June 6, 2013 /PRNewswire/ — Bay Equity announces the launch of the "Bay Direct" program, which gives borrowers additional loan options and flexibility on loans that meet Fannie Mae (FNMA) criteria but aren't eligible according to other standard conforming and high balance guidelines.
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Under the Bay Direct program, Bay Equity offers financed mortgage insurance, investment properties up to 85% loan-to-value, condo projects with litigation, geodesic homes, approved leaseholds, and delayed financing options.
"Bay Direct offers the broadest guidelines possible," said Director of Corporate Operations Julie Taylor. "With the introduction of this product we are continuing to leverage our direct agency approvals."
Bay Equity is a direct seller with full agency approval by Fannie Mae, Freddie Mac, and Ginnie Mae. Other Bay Equity agency-direct products include DU Refi Plus, Open Access and LP.
About Bay Equity
Bay Equity is a full-service wholesale and retail mortgage lending institution founded and headquartered in the heart of San Francisco's Financial District. In 2011 and 2012, San Francisco Business Times named Bay Equity among its "Top 100 Fastest-Growing Private Companies" in the Bay Area. Bay Equity also has operations centers in Concord, California; Corona, California; Lake Forest, California; Fresno, California; Portland, Oregon; Tacoma, Washington; and Everett, Washington and 64 retail branch offices on the West Coast. In addition, Bay Equity has wholesale account executives covering the Western States. To learn more about Bay Equity, please visit our website at www.bayequityllc.com.
Media Contact:
John Marler
Senior Vice President, Marketing and Communications
Bay Equity LLC
503.305.2615
Email