Bridge Loans

Found your dream home, but need your current house to close to make your move? We can help!

Our Bridge Loan lets you use equity now for the down payment on your next home. Use a Bridge Loan to buy your next home while your current one is still on the market. This will help you avoid costly double mortgages. We also have a Bridge Loan to help you make renovations, so you can get more value out of your home when you sell.

Program Requirements:

• Maximum loan to value of 80% and maximum loan amount is $548,250.

• You must have a signed purchase agreement on the new home.

• All proceeds must be used for the down payment and closing costs on the new home (no cash to the borrower).

• Your current home must be listed and on the MLS for the 80% LTV.

• Loan to Value of 75% is available to be used toward renovations on a home being sold.

• Your home does not need to be listed for the 75% LTV Bridge Loan.

• The closing on your new home can take place 24 hours after the Bridge Loan closes.

• Only applicable for properties located in Michigan.

Interested in a Bridge Loan? Let us know!