Owner-Occupied Bridge Loans

 

Under contract on a new home but haven’t sold your current home? Are your contingent offers being rejected? Check out this amazing program for Owner-Occupied Bridge Loans in California.

Valor Lending Group can help finance your dream home with our owner-occupied bridge loans.

While the pandemic has slowed some aspects of our lives, it hasn’t slowed the California housing market. Sales of single-family homes remain highly competitive with many buyers looking to better accommodate a new work-from-home schedule and their children’s online learning needs. If you are looking to upgrade into a new home, but can’t wait to sell your current home, call us. If you’re unable to qualify for a conventional mortgage on a new home until you sell your current home, call us. Contingent offers are being rejected? Call us! OWNER-OCCUPIED BRIDGE LOAN HIGHLIGHTS Finance the purchase of your new home with a loan secured by your current and/or new home Maximum combined loan to value of 65% 11-month term No prepayment penalty Origination fees starting at 1.5 point No Debt-to-Income Ratios No tax returns, pay stubs, etc. required. Loan can be closed in 14 business days Rates starting at 8.99%

Valor Lending Group features every mortgage loan in the book!

Recap of our Loan Products:

1. Stated Income Loans (No Tax Returns, no W-2s, No P&L) up to $5M
2. Bank Statement Income Loans (Great Bank Statement Program for business owners and self employed)
3. Hard Money Loans (As low as 20% down / minimal documentation) Fund in 7-10 days.
4. Flipper Loans (Flip a property with one of our many options)
5. Line of Credit
6. 100% Financing (cross collateralize)
7. Foreign Nationals Loans (no social security or residency required)
8. Raw Land & Lot Loans
9. Ground up Construction for spec homes, custom home’s and commercial ground up to $500M.
10. 2nd Position Loans up to $5M
11. Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow
12. Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
13. 10% down Jumbo’s with NO MI up to $2.5M
14. Manufactured Housing / Mobile Homes (20% down / 620+ credit score)
15. Acreage Properties
16. Commercial Loans up to $500M
17. 5% down Jumbo (Up to $2M Lender paid PMI)

We also offer:

1. 10, 15, 20, 25, 30 year Fixed, Conventional Conforming Loans (under $484,350)
2. High Balance Conforming aka Super Conforming (from $484,350-$726,525)
3. Jumbo’s to $10 Million / Super low rates! / 10% down Jumbo to $3mm
4. FHA, VA, USDA
5. ARM’s
6. Reverse mortgages up to $10 Million Value

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Call or email me today to discuss your scenario.