Bridge Financing
Our new Bridge Financing program empowers you to access equity from your current home to purchase a new home, with no monthly payments on the bridge financing. You can gain a competitive advantage in a hot housing market by making a non contingent offer on the new property.
How It Works
Bridge Financing Program pays off the existing lien while providing the cash out needed for down payment on the new home.
- Equity used for down payment for the new home
- No monthly payments on the bridge financing
Financing
Bridge financing only available in conjunction with financing on the new purchase home
Payment
Balloon payment due in 12 months with no monthly payments required
Loan-to-value
Up to 75% LTV on bridge loan, depending on occupancy and loan amount
Amount
Loan amounts as high as $2,000,000