Mortgage Loan Programs. Our mortgage team knows that every mortgage is different. We offer several programs to help you construct, purchase or refinance your home.. Bridge Loan. Purchase new home before current home sells. Flexible Payment Options;
As companies struggle to manage longer payment terms, traditional banks will often turn away young firms for lack of solid credit history and assets to underwrite a line of credit or other loan.
Jumbo loans; Rental property financing; In addition, we offer in-house Mortgage Loans for those who may not qualify for conventional financing. We offer: Mortgage loans for primary residence and rental properties; Bridge loans to assist those who want to purchase a new house but have yet to sell their previous home (Variable rate, interest only.
Traditional bridge loans are appropriately named, because they are designed to help people bridge the financial gap between one home and another. For example, if you buy a new home before selling your old one, you can borrow money with a bridge loan to help cover such things as dual mortgage payments, the down payment on your new home, closing.
These bridge loans carry low fees and low interest rates. Lenders that offer this type of loan don’t earn much profit off the bridge mortgage; instead, they use the bridge loan as a way to promote other products for the bank. Unfortunately, you may not find any lenders who advertise bridge loans in your state.