Purchase A New Home Before Your Existing Home Is Sold
Our Bridge Loan programs can help you purchase a new home before your existing home is sold. If a seller is unwilling to consider purchase offers with sales contingencies, we have two programs to choose from:
Close with Confidence Bridge Loan
This loan program is designed for borrowers who are in contract for the sale of their existing property, and want to make an offer on another property without a sales contingency. Under this program, you can take the equity from your current home (that is a pending sale) and use the funds to purchase a new home.
Debt Inclusive Bridge Loan
This loan program is designed for borrowers who want to take equity from their current home that is listed for sale and use the funds to purchase another home. All of the debts for the departing residence including any payments on the bridge loan (if any are required) are factored into the borrower’s total DTI when purchasing the new home.
|Close With Confidence||Debt Inclusive|
|Bridge Loan Amount|
|Minimum FICO Credit Score|
|Max Debt to Income|