Bridge Loan HELOCs – MortgageDepot

Date:

Share post:


Our Bridge Loan Program provides short-term financing for real estate investors and homeowners. Now available in both 1st- and 2nd-lien positions for standalone transactions, this program makes property transitions smooth and efficient. A $149 monthly bridge servicing fee begins after closing and continues only until the loan is fully paid off.

  • Loan amounts up to $1,000,000
  • Up to 80% LTV/CLTV
  • Minimum FICO score of 680
  • Automated Valuation Models (AVMs) accepted up to $400,000 loan amount
  • Flexible DTI: the new purchase property is excluded from debt ratios
  • Low closing costs, with no balloon payment and no prepayment penalty

We are proficient in home equity loans. It’s something that we are good at. We offer other HELOC programs so reach out and see how we can help you.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Some UK Entrepreneurs Plan To Flee As Government Fails In Supporting Innovation: Report

A recent report highlights the challenges the UK faces in supporting and retaining high-value entrepreneurs and the...

Here’s Why Nearly Half of Workers Say They Feel Like Impostors

Editor's Note: This story originally appeared on MyPerfectResume.com. Confidence has become a...

These HORRIBLE Financial Decisions Aged Like MILK…

These HORRIBLE financial decisions aged like MILK… and some of them are still costing people thousands. From $800...

Betterment’s asset allocation methodology

When you sign up with Betterment, you can set up investment goals you wish to save towards....