We offer a BRIDGE LOAN that allows you to use the equity in your current home for a down payment on a new home, cash-to-close, and debt consolidation!
- Loans up to $1 million; no minimum loan amount
- Properties Eligible: Primary residence, detached or attached planned unit development (PUD), and warrantable condominiums
- Cash-Out Refinance allowed on first mortgage to:
- Pay off outstanding liens on current property
- Pay off debt
- Take equity out to purchase a new primary residence
- Bridge loan terms: 12 months*
- Borrow up to 80% of your home’s value when listed for sale and 89.99% when under contract. (up to 80% for California properties)
Advantages Of A Bridge Loan
- Buying power for a new home without selling your home first.
- Use your equity to pay off or pay down debt to qualify for your new home mortgage.
- Get top dollar for your current home and avoid accepting lower offers.
- Move into your new home and only carry one mortgage until your home sells.