How Bridge Loans Can Help You Make Your Move
Found your dream home, but need your current house to close to make your move?
We can help!
Our Bridge Loan lets you use equity now for the down payment on your next home. Here are a few high level details about Bridge Loan requirements:
Your current home must be listed and on the MLS.
You must have a signed purchase agreement on the new home.
All proceeds must be used for the down payment and closing costs on the new home (no cash to the borrower).
Maximum loan to value of 75% and maximum loan amount is $548,250.
The closing on your new home can take place 24 hours after the Bridge Loan closes.