Specializing in USDA, FHA & VA Financing since 1991
..:: True No-Cost Streamline Refinancies ::..
As an FHA Mortgage holder, you are entitled to a unique refinance option developed by the Department of Housing and Urban Development and offered by Bay Creek Mortgage. Our program allows you the opportunity to lower your current interest rate or convert a variable rate mortgage to a fixed, with
No Cost
No Appraisal
No Income Verification
Your new loan will remain an FHA insured loan.
The Closing Costs involved with refinancing are NOT added to your new mortgage! This program pays these costs!
BENEFIT: Because there is absolutely no cost involved, you do not need to wait for "rates to drop 2 percentage points" before refinancing. Even a 1/4% reduction will save you money immediately. If rates become lower after you complete this program, you can do it again. There is no limit on the number of times you can participate.
..:: USDA 100% Financing. Buy your home with $0 down.
This is a a fantastic program that I have used to help people purchase a home without any cash down. There is no monthly mortgage insurance charge as well. Please contact to find out your eligibility.
We have 20+ years of FHA experience. Purchase your home with little down and relaxed qualifications. This is a Gov't insured mortgage.
..:: FHA Cash-Out Refinancies to 95% LTV ::..
Recently FHA raised the Loan to value allowance on FHA cash-out refinances. Our FHA cashout program has very relaxed qualifications in comparison to most cashout program available but provides the safety of a low fixed rate Gov't insured mortgage. This program has allowed thousands of homeowners to:
Consolidate high interest credit card debt
Pay off high risk 2nd mortgages
Take care of unexpected medical bills
Make valuable, equity building home improvements
This program has high DTI (debt to income) ratios which means it is much easier to qualify for than conventional loans today. We have provided financing for those who are self-employed, people rebuilding their credit, even those who have filed for bankruptcy int he past.
..:: Manufactured Homes ::..
Conventional and Conforming loan programs as well as most Banks have abandoned the financing of Manufactured homes. However, the Department of HUD has increased the lending amounts for Manufactured home owners via the FHA programs. We provide financing for Manufactured homes owners and help them;
Convert high risk mortgage to a safe, secure Gov't insured FHA Mortgages
Lower interest rate and lower monthly payments
Provide Cash by accessing the equity in your home to;
