Bridge Loan
“Bridge the gap: Quick, interim financing for urgent needs”
Bridge Loans provide short-term financing to cover the interval between immediate funding requirements and the securing of permanent financing. They are perfect for quick acquisitions, allowing you to act swiftly on market opportunities without delays.
Program Features
| Features | Domestic Investors | Foreign Investors |
|---|---|---|
Credit/FICO Score | Minimum 650 | No US credit needed |
Down Payment | 25% | 30% |
Loan Term | 6-24 Months | 6-24 Months |
Loam Amount | $150K – $10M | $150K – $10M |
LTV Ratio (Purchase): | Up to 75% | Up to 70% |
LTV Ratio (Rate Term Refinance): | Up to 70% | Up to 70% |
LTV Ratio (Cash Out Refinance): | Up to 65% | Up to 65% |
Other Requirements | Proof of existing property equity, exit strategy for loan repayment, and property appraisal. | Proof of existing property equity, exit strategy for loan repayment, and property appraisal. |
Approval | Within 15 Days | Within 15 Days |
Get a Bridge Loan in 5 Quick Steps
Contact Our Loan Officers
Work with our loan officers and get the mortgage program tailored for you.
Pre-Approval
Submit your income and fund details to determine eligibility and get pre-approval.
Submit Application
Our mortgage officer will assist you in preparing the required documents and submitting your loan application.
Loan Approval
Receive approval and finalize your loan details.
Closing
Sign your documents and secure your investment property.
Why HomeAbroad Loans?
Investor Focused
HomeAbroad Loans specializes in serving both domestic and international investors, providing tailored solutions that cater to the unique needs of a diverse clientele.
Fast Approvals
Our advanced technology platform streamlines the loan application process, allowing for faster approvals in under 30 days.
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Investment Mortgage GuidesWhat is a Bridge Loan?
A Bridge Loan is a short-term financing option used to bridge the gap between buying a new property and selling an existing one. It helps cover immediate financial needs such as down payments, closing costs, or temporary cash flow until longer-term financing is secured or the current property is sold.
What are the typical terms for Bridge Loans?
Bridge Loans generally have terms ranging from 6 months to 24 months. These loans often come with origination fees and other closing costs due to their short-term nature and associated risks.
How does the repayment process work for Bridge Loans?
Repayment for Bridge Loans usually involves interest-only payments during the loan term, with the principal amount due at the end. Alternatively, some loans may require a lump-sum payment of the entire loan amount, including interest, at the end of the term.
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