Bridge Loan

Q: WHAT IS A BRIDGE LOAN?

A: A Bridge Loan is a short term, limited underwrite loan that bridges the gap between buying a house and qualifying & closing on a permanent mortgage. They have fewer underwriting requirements and are faster or more “streamlined” than a standard bank loan.

Q: WHEN TO USE A BRIDGE LOAN?

A: READ BELOW.

  • You have found a house you want to buy but have not sold your current house.

  • Last-minute loan decline from a bank and you have no time to resubmit and get approved from another lender.

  • No cash for a down payment but you have lots of equity in your current house. We may be able to use that equity for a “no cash down” scenario.


RATES STARTING AT 7.99%. LOAN-TO-VALUE UP TO 80%.

Terms

  • 75% of purchase price

  • Investment Property Only

  • From 10% Rate (APR 10-14% at 80ltv)

  • 12 month term only

Click Here to Apply or for more information, Call 480.241.2261.