This is not a commitment to lend. Not all borrowers will qualify for the loan programs listed. All program terms and conditions are subject to change and may be discontinued without prior notice. Contact loan originator for program questions and scenarios.
BRIDGE FINANCING
Financing designed to let you move into your new dream home, when your old home hasn't sold yet.
Is your new home ready to close, but your old home hasn't closed yet? If your current home has been on the market for a while, but your closing date on a new home is approaching, we can help.
With our FLEX Bridge Loan, we will finance up to 60% of the combined appraised value of both homes, less any existing liens/mortgages on the property being sold. (existing loans are paid off and financed into the new loan). This program works especially well when the old home is owned free and clear or has minimal financing left.
This program offers a terrific way to meet stressful pending contract deadlines with builders and other sellers. If you have any questions about our bridge loan financing, we'd love to assist with all of your questions.
At a Glance
Minimum Down Payment
Varies. Largely depends on the amount of equity in the old home.
PMI
None
Minimum mid-credit score
No score minimum; however credit history must be deemed acceptable.
Min/ Max Loan Amount
$100,000 - $6.5 Million
Loan Repayment Terms
Interest-Only for 11 months
Collateral
Property purchasing, Property selling, or Both (cross-collateralized)
Prepayment Penalties
None
GET PRE-APPROVED TODAY
3 easy steps. No cost/obligation
LOAN SIZE LIMITS
$100,000 - $6.5 Million
OCCUPANCY
* Note: a property will be automatically be considered an investment property if any of the following apply:
ACCEPTABLE HOME TYPES
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KEY FEATURES
IS YOUR CONTRACT DATE APPROACHING,
BUT YOUR OLD HOME HASN'T SOLD YET?
GET PRE-APPROVED TODAY
3 easy steps. No cost/obligation