Work Number (925) 722-6116
Bridge Loans Options
We do the loan:
Cari Anderson
AXOS Bank (formerly Bank 0f the Internet)
Portfolio Residential & Commercial Wholesale/Correspondent Lending
Cross Collateralization
No EPO
100% Financing or Bridge
Crazy stuff, call her and she will run the scenario
Jennifer Nealeigh
The Loan Store
Email: [email protected]
Phone: (650)619-8404
The also do the figure.com loan
Liv Barton
Account Executive
LendSure Mortgage Corp.
(801) 739-4529 |
2750 E Cottonwood Pkwy, Ste 250
Cottonwood Heights, UT 84121
Bridge Loans: "Huge for realtors – allows buyers to access the equity in the departing towards the down of the purchase without it being sold – they can put down a non-contingent offer."
Chad Noble
(415) 361-5056
1555 Grant Avenue, Novato, CA 94945
(415) 726-2755
[email protected]
Cross Collateralize Bridge, 11th month balloon, Works off AVM
2.5% to borrower, 1pt to me
Rate: 10% interest only
I provide a rate and term refi after they close.
No DTI Restrictions, no ATR, collateral lender. - Stated Income
21 - 30 Days
New Construction needs for full appraisal on purchase trans.
Evan Kaplan
American Heritage Lending, LLC
P: 313-221-8566
E: [email protected]
WWW.AHLENDTPO.COM
The do cash out on departing and the purchase
70-75% on departing loan, cash out bridge loan that pays off existing 1st (9.5% at 2pts)
High priced A paper on purchase, does have an EPO.
For the high income earners:
Eric Salzwedel
Account Executive NMLS # 2014821
Windsor Mortgage Solutions
P:605.681.2363
F: 605.275.6785
Overview https://www.windsormortgage.com/loan-options/bridge-loans
True Bridge Loan
$250,000 maximum loan amount
$1,500 origination fee.6-month balloon with interest-only monthly payments. Option to renew an additional 6 months for a $2,000 fee.**85% maximum combined loan-to-value (CLTV) ratio. Associated closing costs can be rolled into the bridge and paid out of loan proceeds.
$250,001-$500,000 maximum loan amount****
$2,500 origination fee.Maximum CLTV of 75%.6-month balloon with interest-only monthly payments. Option to renew an additional 6 months for a $2,000 fee
**Associated closing costs can be rolled into the bridge and paid out of loan proceeds.
Max debt-to-income (DTI) ratio of 45%; must include payments for departing residence, bridge loan, and new residence.
Other Possible Options - Sent emails asking for info
Service Providers: They do the bridge, departing purchase contract...
Tim Luxemburger
Account Executive
678-944-7248
Flyers are in his MS Outlook contact record.
Nicholas Plamondon
www.homelight.com
Lender Relations
512.462.2956
Inspection costs + 2.5% of sales price
Remove loan sale contingency Remove loan debt on departing residence. Guaranteed offer Equity Unlock Give the agent a vacant listing. Vacant staged homes sell on average 3% more. Need 620 credit score In the last 1,000 only one has been purchased by homelight.
Not Recommended:
https://calqueinc.com/
They create a contract and provide the 2nd
They want an NDA signed, Barrett hasn't done it
Rebekah Lanning
National Account Manager
Office: 512.368.9198
https://www.catapult.homes/
cut the Realtor out.