California-based Bay Equity Home Loans is the latest entrant into the Massachusetts mortgage market following its recent purchase of Connecticut-based mortgage company.

Village Mortgage Co. sold its Connecticut and Massachusetts assets to Bay Equity for an unspecified amount in a deal announced Tuesday. Village Mortgage operated offices in Andover, Brockton, Great Barrington, Leominster, Milford, Orange, Waltham, Westford and Worcester, according to its website.

A Bay Equity spokesperson did not immediately return a request for more information on the transaction.

Village was the 45th-largest mortgage lender in Massachusetts by dollar volume in 2018, according to data from The Warren Group, publisher of Banker & Tradesman. Much of its lending was focused in the residential origination sector, where it originated $280 million in mortgages, only $50 million of which were non-purchase mortgages. Overall, the company originated $286 million in mortgages in 2018.

“We are pleased the people of Village Mortgage have chosen to join Bay Equity,” Bay Equity CEO Brett McGovern said in a statement. “They are experienced and highly respected mortgage professionals who share and embrace our family culture and our commitment to an exceptional borrower experience.”

Bay Equity plans further New England expansions in New Hampshire, Maine and Vermont, where it is licensed, and Rhode Island, where it has a license pending.

“We have found a great new home in Bay Equity. From loan products to industry leading operations and support teams, we are off to a great start,” Village Mortgage Northeast Regional Sales Manager Laurel Caliendo said in a statement. “We are very impressed by the commitment of ownership and executive management to our success.”