Loan Options
Bridge Loans
Our Bridge Loan Can Help You Get Into Your New Home
Our Bridge Loans can help homeowners purchase a new home while waiting for their current home or second home to sell. It is a short-term loan that is designed to provide temporary financing for a new primary residence up to $750,000. The equity in the current home is used for the down payment on the purchase of a new home, while waiting for the current home to sell.
How Does a Bridge Loan Work?
- Gives you access to the equity in your current home
- Pays off any existing liens on your current property
- Allows you to pay only the interest on the bridge loan while making mortgage payments on the new home
- Is paid off when your current property sells
Benefits of a Bridge Loan
- Avoid moving twice
- Access equity quickly without waiting to sell
- Present a stronger purchase offer
- Interest-only payments
- Six-month term
- Up to 2 possible extensions
CONTACT US FOR MORE INFORMATION ABOUT BRIDGE LOANS
Get Started on Your Journey Home
Knowledge Base
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