1 YEAR
NO PREPAYMENT PREMIUM
This is a great program for investors that fix and flip properties quickly.
2 YEAR
PREPAYMENT PREMIUM:
6 MONTHS
A two-year term gives you the flexibility to fix and flip, buy and hold, engage in an extended rehab or even qualify for a conforming loan down the road.
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Our Bridge Loans provide you short-term financing to "bridge" the gap between now and when you may be looking to qualify for more conventional financing, or for when you're looking to sell the property. And an added plus, it gives you the time and the opportunity to increase your FICO or improve your DTI.
WHAT MAKES THIS A GREAT PROGRAM?
- Stated income and no DTI requirement, No minimum FICO requirement, No minimum DSCR requirement on 1-year term
- No prepayment premium on 1-year term
- Full appraisals only required on case-by-case basis
- Interest-only payments