Bridge Loan

Buy Now, Sell Later!

Use your local experts! Since 2022, our Bridge Loan has helped many local families buy their dream home before selling their current one.
 

Check out our Bridge Loan Video for details.
 

Nate and Amy weren’t actively house hunting—until the perfect home hit the market. They knew they had to act fast, but selling their current home first would’ve meant missing out. Thanks to our Bridge Loan, they were able to get under contract on their dream home right away—no delays, no missed opportunities. Here’s what they had to say about the bridge loan process: 
 

“I had an outstanding experience. From start to finish, they were incredibly patient, thorough, and dedicated. They worked tirelessly to help get my loan approved, keeping me informed every step of the way…always took the time to explain everything clearly and made sure I felt comfortable and confident throughout the process. Their professionalism and commitment truly made a difference in securing my new home. I highly recommend to anyone looking for a knowledgeable and reliable mortgage lender!”

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Our Bridge Loan is short term 2nd lien financing used to move equity out of an existing home towards a down payment on a new home. The existing home must still be sold, but it does not need to be sold before purchase of the new home. Single family residence only, no manufactured homes, condos or multi-family. Owner occupied only and borrower must be in contract to purchase a new home with 1st mortgage financing being provided by Equity Resources.
 

Bridge Loan Benefits:

• Eliminates Contingency: buy without selling current home which means Sellers are more likely to accept your offer over others

• Reduces Stress: don’t have to worry about selling current home fast and not finding a new home

• Less Pressure: no need to rush to pack and get moved quickly

• Less Juggling: use the equity in current home to fund purchase of new home instead of doing a simultaneous closing 

 

Bridge Loan Details:

• Minimum Credit Score 680​

• Max debt to income is 47.49%: qualified with existing home, new purchase financing, and an interest only payment on full bridge loan balance

• Max 85% HCLTV

• Bridge loan is for down payment only, no debt consolidation

• Maximum loan amount is $200,000

• Minimum loan amount is $10,000