Bridge Loans California 2021 | 3 Options | Valor Lending Group | Typically without an appraisal**
Looking to purchase your dream home but at a stand still because your current home has not sold yet?
A bridge loan is a short-term loan, also referred to as a swing loan, cross loan, or flip loan. It is a short-term loan that allows borrowers to help you to lock down the purchase of your new home while you are in the process of selling your current home. There will be a few factors that will determine the terms of your bridge loan, for the most part most bridge loans will pay off the balance of your current home and will provide you with a precise down payment for your new home.
Valor Lending Group is here to help you with the ins and outs of the bridge loan process. We work with the absolute best to get you the top rates and scenarios around.
Valor Lending Group is waiting for your call or email today!
Bridge Loans California 2021
Valor Bridge Owner Occupied (Consumer Bridge Loan):
Do you need to pull cash out of your primary residence for a business purpose?
- Property being used as the borrower primary residence
- terms of up to 11 months
- Max LTV of 72% on 1st TD | Max CLTV 65% on 2nd TD
- No Prepayment Penalty
- Interest Only starting in the 9’s
*Owner occupied for California Properties ONLY
Valor Investment Property | Non owner occupied:
Property being used as the borrowers investment property
- Terms 1 to 2 year
- Max LTV of 80% | note: We can use the higher “as is” value with as little as 10% down!
- No Prepayment Penalty
- Interest Only starting in the 7’s
Valor Cross- Collateral Loan:
Do you have a portfolio with properties that have available equity?
- Leverage for 100% financing when crossing other real estate owned at 65% CLT for 100% Financing
- Terms of 1-2 years
- Max CLTV of 65%
- No Prepayment Penalty
- Interest Only starting in the 9’s
**no Appraisal Subject to lender discretion on a case by case basis
Needs for Quote (email Stefanie the following):
- Property Address:
- Purchase Price (for Purchase):
- Property “as is” Value:
- Current Balance (for Refinance):
- Total Monthly Rents (confirm if long term or short term Airbnb leases):
- Monthly Taxes and Insurance:
- Approx. Credit Score:
- Vesting in and Entity or Individual name:
Other Programs Available
- Hard Money Loans
- Fix and Flip Loans
- Commercial Loans
- Save your Deal | We Save Deals
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