Our Bridge Mortgage Program offers short-term financing for actual property buyers and owners. Now out there in each 1st- and 2nd-lien positions for standalone transactions, this program makes property transitions clean and environment friendly. A $149 month-to-month bridge servicing payment begins after closing and continues solely till the mortgage is totally paid off.
- Mortgage quantities as much as $1,000,000
- As much as 80% LTV/CLTV
- Minimal FICO rating of 680
- Automated Valuation Fashions (AVMs) accepted as much as $400,000 mortgage quantity
- Versatile DTI: the brand new buy property is excluded from debt ratios
- Low closing prices, with no balloon cost and no prepayment penalty
We’re proficient in house fairness loans. It’s one thing that we’re good at. We provide different HELOC packages so reach out and see how we might help you.
