Questions? We can help.

Our mortgage loan resource guide is here to assist you in choosing the right mortgage option for you.
If you can’t find the answer to your question, reach out to our team at team@homebayfinancial.com.

How Home Bay works

Home Bay Financial is staffed by several expert agents who personally handle your loan. You can always contact our support line or reach your agent directly. 

Home Bay uses rate-analyzing software to lock in the lowest rate for you. We compare rates from several banks in your area and use custom information about your history and property to find what works best for you. We are committed to providing customized options, and will always work with you to find the best rates and terms. 

Initial rate quotes with Home Bay will not affect your credit score because we do a soft credit pull to start. We’ll do a hard credit pull only after you speak to an agent and decide to submit your application. At that point, your credit score will only be minimally impacted. This is standard practice when you get a loan, and unfortunately there is no way around it.

To get your free rate quote, all you need to do is answer a few questions using our form. You can find a link to get started at the bottom of this page, or call our help line. 

We typically provide loans to customers who have a 620 credit score or higher. If your credit score is slightly below 620 we might still have options for you, so you can still complete our digital application or speak to one of our agents.

Loan process

A pre-approval letter is a document stating the exact loan amount you’re eligible to borrow based on the information you provide in your application. A pre-approval letter is always contingent on the future confirmation of your financial standing, an appraisal, and a title report. Obtaining a pre-approval letter will allow you to determine the price of the house you can afford and help you narrow your search. It can also be used to signal you’re a serious buyer to a potential seller or real estate agent.

No, you are not committing to anything by getting pre-approved.

We use a data-driven system to connect you with the best available rates available across all local lenders. The price that we quote you will be influenced by your credit history, property details, and market conditions. If you ever need more information, we can help with details. 

When you lock your rate, we guarantee your rate won’t change for a certain period of time, regardless of market conditions. This gives you peace of mind while we work to gather all of your information and finish the mortgage process. You can always change your terms or choose a different mortgage lender during this time. 

A pre-approval letter is a document stating the exact loan amount you’re eligible to borrow based on the information you provide in your application. A pre-approval letter is always contingent on the future confirmation of your financial standing, an appraisal, and a title report. Obtaining a pre-approval letter will allow you to determine the price of the house you can afford and help you narrow your search. It can also be used to signal you’re a serious buyer to a potential seller or real estate agent.

No, you are not committing to anything by getting pre-approved.

Types of loans

Home Bay offers a variety of both adjustable and fixed rate loans for single-family homes (including condos, townhouses, and investment properties) and multi-family homes (up to 4 units). We offer both purchase and refinance loans.

We do not offer commercial loans. 

Unfortunately, we do not offer Second Mortgages or Home Equity Lines of Credit (HELOCs) at this time.

A 30-year fixed rate mortgage is a loan that’s outstanding for 30 years, and where the rate is fixed for the whole time. 30-year fixed rate mortgages amortize over time, which means that a portion of the principal is paid back every month. The monthly payment is the same every month for 30 years, and at the end of 30 years, the loan is paid off in full. Because you can own your home outright at the end of 30 years, these types of mortgages are the most popular in the United States.

Let us find the perfect mortgage option for you.

3611 Valley Centre Dr #175, San Diego, CA 92130

CAL DRE Corp ID # 02090922

NMLS# 1856453

We’d love to speak to you! 

Call or email and we will get back to you as soon as possible. 

info@homebayfinancial.com

866-638-2011

Tell us about your mortgage