Level Up Mortgage Lending | FHA Loan

Bridge Loans

Key Features of Bridge Loans

Short-Term Duration: Typically lasts from a few months to a year.

Higher Interest Rates: Generally have higher interest rates compared to traditional loans due to their short-term nature and associated risks. Quick Access to Funds: Designed to provide fast funding, making them attractive for time-sensitive deals. Secured by Property: Often secured by the property being financed, whether it’s a home or commercial real estate.

When to Use a Bridge Loan: Real Estate Transactions: Buying a new home while selling the old one. Development Projects: Securing quick funding for renovations or new builds before obtaining permanent financing.

We understand that funding needs can be time essential. We offer fast approvals and can close quickly enabling you the funds you need to acquire your property, complete any rehab or construction, and then either resell or hold the property depending on your goals. Contact us today for help.

Level Up Mortgage Lending | FHA
Level Up Mortgage Lending | FHA

Program Highlights

A Perfect Loan to get you ready for permanent financing

- No Prepayment Penalty

- Up to 80% Loan to Value

- Non-recourse avaialble

- Term Options- 13, 19, and 24 months

Level Up Mortgage Lending | FHA Loan

5) FHA loans allow for higher debt-to-income ratios, which can help borrowers with higher levels of debt qualify for a mortgage

6) FHA loans can be used to purchase a variety of property types, including single-family homes, multi-unit properties, and condominiums

7) FHA loans offer options for refinancing, including streamline refinancing and cash-out refinancing, which can help borrowers lower their monthly mortgage payments or access equity in their home.

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