At Bay to Bay Lending LLC, we understand that the journey to homeownership is as unique as you are. That’s why we offer a wide range of conventional mortgage solutions designed to meet your specific needs and financial goals. Let’s delve into the possibilities.
Loan Limits for 2024
In 2024, the maximum loan limit for conventional mortgages in non-high-cost areas is set at $750,000. This means that you can secure financing up to this amount to help you purchase your dream home.
Choice of Backing: Fannie Mae and Freddie Mac
At Bay to Bay Lending LLC , we’re committed to offering the best mortgage options available. We proudly provide both Fannie Mae and Freddie Mac backed conventional financing. You can trust in the stability and reliability of these government-sponsored entities to secure your mortgage.
Flexible Loan-to-Value (LTV) Ratios
Your financial situation is unique, and we understand that. That’s why we offer varying LTV ratios to accommodate different scenarios:
95% LTV: For standard conventional mortgages, you can secure financing with as little as 5% down payment.
97% LTV: If you’re looking for affordable housing options, you can take advantage of our Fannie Mae HomeReady and Freddie Mac Home Possible products. These programs allow for a maximum LTV of 97%, making homeownership more attainable. These programs are also income restricted to be sure to speak to your mortgage loan officer to see if you qualify for the 3% down conventional options.
90% LTV for Second Homes/Vacation Homes: Planning to invest in a second home or a vacation property? You can secure financing with a 10% down payment, offering you a pathway to your personal oasis.
85% LTV for Investment Properties: Interested in building wealth through real estate investment? Our investment property financing option provides a maximum LTV of 85%, so you can start or expand your investment portfolio.
Why Choose Bay to Bay Lending LLC for Your Conventional Mortgage?
Expert Guidance: Our team of mortgage experts is here to guide you through the entire process, ensuring you make informed decisions every step of the way.
Local Support: As your local partner, we’re dedicated to providing personalized service, tailored to your specific needs and the unique real estate landscape in your area.
Competitive Rates: Our conventional mortgages come with competitive interest rates, helping you save money over the life of your loan.
Discover the Home of Your Dreams
With our wide range of conventional mortgage options, you’re one step closer to achieving your homeownership goals. Whether it’s your first home, a vacation property, or an investment, we have the solution for you.
Contact Us Today
Ready to embark on your homeownership journey or expand your real estate portfolio? Contact us today to learn more about our conventional mortgage options and start your path to financial security.
Reach out today for more information on what loan program works best for your specific circumstances. Each client gets a custom tailored mortgage loan experience.
Remember to keep this content up to date with the latest loan limits and any other relevant changes in the mortgage industry. Also, ensure that you comply with all applicable financial regulations when offering conventional mortgages.
Bay to Bay Lending
326 South Hyde Park Avenue, Tampa
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DJ and Jessica helped me in my first home purchase in the USA. It was difficult for a foreign person. A lot of documents needed to be transferred from Europe and transleted to English. They were both professional and helpful. I was finally … More approved, and we were able to close the purchase on time. I recommend Bay to Bay Lending! DJ, Jessica, thank you for your patience again!
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DJ was a pleasure to work with. We were definitely not in a good place when we came to him initially and he hung in there with us and helped us with resources to get our Credit turned around and stayed with us every single step of the way. … More He went way up and beyond what anyone would ever do. Thank you DJ. The closing was smooth and I highly recommend DJ. When it's time to buy our snowbird house, we will be coming back to DJ for sure!
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My 2nd mortgage using DJ and Bay To Bay! He’s the best and works round the clock to get the best rates and meet all deadlines! His communication and personal touch through the process is impeccable. I will definitely use him in the future … More for all of my mortgages.
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What can I say~ DJ was Amazing throughout the whole loan process! From taking the application to final details he never let us down ! He was truly vested in our loan process and went above and beyond to get us the Best rate and loan that … More he could ~ He truly exceeded our expectations! Michelle R
