Bridge Loans
Bridging the gap between selling and purchasing your dream home.
This solution is a short-term home loan designed to help people transition seamlessly from their current home into a new one.
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Bridge Loan Features
- Uses equity in current home prior to sale for a down payment on the new home
- Borrow up to 85% of either 2X the SEV or the appraised value of the home
- New home mortgage must be with Consumers
- Appraisal fee (if required) and application fees will apply
Mortgage Product Portfolio
- Fixed rate conventional mortgages
- 0% down and 3% down/low PMI HomeReadyTM options
- USDA Rural Development Loans
- FHA and VA loans
- Lot and construction loans
- Adjustable Rate Mortgages
- Additional custom-made options
All loans subject to approval. Program available on purchase of single family primary residence on less than 5 acres. Rates, terms, and conditions are subject to change and may vary based on credit worthiness, qualifications, and collateral conditions.