A Bridge Loan can be used for down payment to purchase a new home including closing costs.

  Up to 95% financing on purchase of new home any conforming loan.

  Current mortgage and Bridge Loan payments are NOT counted in new loans debt ratio.

  All proceeds of Bridge Loan must go towards new home purchase only.

   Current home and new home loan must be owner occupied single family residence.

  Up to 80% financing (Bridge Loan) on current home.

   Six months PITI liquid reserves required on purchase of new home.

  Current home must be listed for sale by a professional real estate company. Copy of listing.

   30-year term ( one year balloon) Bridge Loan. No prepayment penalty.