Eligible Applications
The Lowest Price applies to the following first lien products only: (1) 30 Year Fixed Rate and (2) 15 Year Fixed Rate mortgages, on 1-4 unit single family properties, up to FNMA and Freddie Mac lending limits. The Lowest Price does not apply to subordinate lien mortgage products.

Closing Costs include the following fees: application, appraisal, credit report, document preparation, flood certification, processing, settlement, tax service, underwriting, and prepaid finance charges as defined under the Truth in Lending Act.

How Does this Guarantee work?
To qualify for the guarantee, within 24 hours of Bay Area Housing’s match or your acceptance of our counter-offer, you must fax to 866-464-4311 a system-generated, complete, and signed Good Faith Estimate (GFE) and Truth-In-Lending Disclosure (TIL) from the competing direct lender, which shows an identical loan program, and includes lender closing costs, discount points, and loan lock term. All competing offers must be in writing and dated the same date on which we are providing our offer. Email quotes from the competing lender will not be accepted. You must allow us to compete for the business.

If Bay Area Housing is unable to provide you the Lowest Price Loan, and you close the loan with the competing lender on the quoted terms, Bay Area Housing will pay you $250. To be eligible for the $250, you must within 15 days of closing your loan with the other lender mail to Bay Area Housing, attn: Lowest Price, 501 Victoria, Suite 100 , Millbrae, CA 94030 or fax to 866-464-4311 a certified copy of the HUD-1 or HUD-1A Settlement Statement, final Truth in Lending Disclosure Statement, and the executed Note. Bay Area Housing will mail you a $250 check within 30 days of receiving the required documentation.

The HUD-1 or HUD-1A Settlement Statement, final Truth in Lending Disclosure Statement, and the executed Note must be accurate and disclose that the loan closed on the terms and conditions, including lock expiration period, as previously disclosed on the Good Faith Estimate, initial Truth in Lending Disclosure Statement, and lock approval.

This guarantee applies to new customers only. It is not available if you have previously locked in your rate with us, or any other lender, prior to the date we are providing our offer. In order for you to qualify for this guarantee, we may verify, and/or request that you certify, that a rate lock was not secured prior to the date that the competitor's Good Faith Estimate and Truth-in-Lending Disclosure were supplied to us.