Bridge Loan
Residential Stabalized Bridge
Program #LG503
Residential Stabalized Bridge
Program #LG503
Summary of all Guidelines | |
| Loan Types | Bridge Loan |
| Property Types | 2-4 Units, SFR |
| Lendding Area | NATIONWIDE |
| Loan amount Minimum | $75,000 |
| Loan amount Maximum | $1,500,000 |
| Interest Rate Minimum | 9.75% |
| Interest Rate Maximum | 12% |
| Points Minimum 1st TD | 1 |
| Points Maximum 1st TD | 2 |
| Terms | 1 year, 18 month |
| Credit Score Min | 660 |
| Lien Position | 1st |
| Recourse | Recourse and Non Recourse available |
Key Facts About Our Stabilized Bridge
- As-is appraisal only, no ARV
- For 1-4 unit properties, SFR, Townhomes, and Condos
- Minimum 660 FICO
- Foreign Nationals eligible
- No experience required
- 12- or 18-month (case-by-case) property
- loan terms Stabilized Bridge
PROPERTY CONDITION - C2 or better
COLLATERAL RESTRICTIONS
Property value within 90th percentile of market
No rural, exotic, or unique properties
These descriptions are limited information and meant for general reference purposes.- Katina Magac
