Our Bridge Loan for Departure Residences is a unique mortgage program that allows you to leverage the equity in your departure residence that is listed for sale. With loan amounts ranging from $300,000 to $2.5 million, this program is designed to provide you with the financial flexibility you need during the transition period between selling your current home and purchasing a new one.
To qualify for our Bridge Loan for Departure Residences, we require a minimum FICO score of 660. We offer up to 60% loan-to-value (LTV) ratio, ensuring that you can access a significant portion of your home’s equity to fund your next property purchase.
- Loan amounts from 300,000 to 2.5 million
- Minimum FICO score 660
- Up to 60% LTV
- Four months’ reserves required
One of the key features of this program is the requirement of four months of reserves, which helps ensure that you have the financial stability to manage both your current and future mortgage payments during the transition period. This reserve requirement provides peace of mind and financial security as you navigate the process of selling your departure residence and moving into your new home.
Whether you are looking to upgrade to a larger home, downsize to a more manageable property, or relocate to a new area, our Bridge Loan for Departure Residences can provide you with the financial support you need to make a smooth transition. Contact us today to learn more about bridge loans.
