Bridge Loans help you buy fast!
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Thinking about your next property? Bridge loans can help you act fast without waiting to sell your current home. They let you use your existing home’s equity as a down payment for the new one.
Here’s what you need to know:
– Up to 75% LTV for primary homes, 60% for investment properties
– No monthly payments, just one balloon payment within 6-12 months
– Interest-only with fixed rates and no prepayment penalties
– Minimum credit score 680 with a debt-to-income max of 50%
This short-term financing covers the gap so you can make a non-contingent offer and move quickly.
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