Need a Bridge Loan?    We can help.

In this changing Real Estate Market a Bridge Loan can help you transition into your new home while your current house is on the market to sell.  This loan allows you to use the equity in your existing primary residence to close on the purchase of a new primary residence.  The Bridge Loan will be secured by either a first or second mortgage on the existing primary residence.  The loan amount is based on 80% of the appraised value of the existing home less outstanding liens.  The bridge loan must disburse four business days before the closing date on the purchase of the new primary.

Loan Features:

• Maximum Loan Amount: $500,000.
• First or Second Mortgage.
• Six (6) Term with No Payments.
• Interest Accrues and is due and payable at the closing sale of the existing home.
• Loan proceeds limited to the actual money needed to close on the new home.
• Existing Home must be listed for sale at the time of the bridge loan application.

To request more information regarding our Bridge Loan program, click here, and a Bridge Loan specialist will contact you to discuss your current situation.