Bridge Loan
Owner Occupied Bridge - LG400
Owner Occupied Bridge - LG400
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | 2-4 Units, Condo, SFR |
| Lendding Area | california |
| Loan amount Minimum | $150,000 |
| Loan amount Maximum | $1,500,000 |
| Interest Rate Minimum | 10% |
| Interest Rate Maximum | 14% |
| Points Minimum 1st TD | 3 |
| Points Maximum 1st TD | 5 |
| Terms | 1 year, 15 year |
| Interest Only or Amortized | Amortized and Interest Only Options available |
| Fees | Processing Fee |
| Lien Position | 1st |
| Prepayment Penalty | No Prepayment Penalty |
| Intended Occupancy | Owner Occupied Primary Residence |
| Fixed or Adjustable | Fixed |
| General Pricing or Guideline info | Owner Occupied Bridge/Temp/Long Term Consumer Purpose Loans (Purchase & Refinance) TERM: 11 months - Interest Only or 15 Year Hybrid Loan (3 years Interest plus 12 years fully amortized) RATE: 10% - 14% PREPAY PREMIUM: NONE LTV: 65% - 75% POINTS* & FEES: 3 - 5 pts Plus $2590 (Processing, Doc Prep, & Underwriting) |
| Updated as of | 2024-01-11 |
| Program Code | LG400 |
Owner Occupied
Bridge/Temp/Long Term
Consumer Purpose Loanss
(Purchase & Refinance)
TERM: 11 months - Interest Only or 15 Year Hybrid Loans (3 years Interest plus 12 years fully amortized)
RATE: 10% - 14%
PREPAY PREMIUM: NONE
LTV: 65% - 75%
POINTS* & FEES: 3 - 5 pts Plus $2590 (Processing, Doc Prep, & Underwriting)
These descriptions are limited information and meant for general reference purposes.