One of the most common loans we do are Owner Occupied Bridge Loans.
Most people don’t know what a bridge loan is, but it’s a great way to close fast on a purchase loan when you have a seller or situation that won’t allow a 30-60 day escrow. It’s also a great way to save a purchase transaction when you have a last minute turn-down from a bank.
By definition, a bridge loan is a temporary loan (no more than 12 month term), with streamlined underwriting requirements, often with little or no qualifying, designed to help a borrower get into a new House when they still have a mortgage on their old house, or some other temporary issue, and can’t qualify for a traditional loan.
We can close loans in 5-7 business days.
Investment/rental property OR a primary residence!
Give us a call if you got turned down but still want the house, we may be able to save your purchase.
Realtors put us in your toolbox and save some sales!
Thanks for looking
Brad Anderson
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