What is a mortgage bridge loan?


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Valor Short-Term Bridge Loan Options

3 Options | Valor Lending Group | Typically without an appraisal

Are you wondering, what is a mortgage bridge loan?

Looking to purchase a new property but your at a stand still because your funds are tied up in your departing residence?

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.

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What is a mortgage bridge loan?

Most if not all hard money loans can be viewed as a “bridge” from one financial situation to another. For example, if you are trying to purchase a new property and your funds are tied up in your departing residence a bridge loan can be beneficial. Hard money loans are a great solution for your temporary funding needs. These days hard money loans have become not only increasingly more common, but a powerful tool for real estate investors. It is essential to know when hard money is right for your scenario, because in the right circumstances it is an amazing tool for every real estate investor, providing a quick and versatile way to acquire real property.

Is a bridge loan expensive?

Closing costs are typically higher than a traditional loan but the speed is the benefit to a bridge loan program.

What kind of credit score do you need for a bridge loan?

You will want to have a FICO score of 650 and above to be easily approved by a hard money lender. The sale to your departing residence will automatically pay off the bridge loan so the lender will feel confident that they will redeem the loan amount.

3 Options | Valor Lending Group | Typically without an appraisal

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’s primary residence
  • terms of up to 11 months
  • Max LTV of 75% on 1st TD | Max CLTV 65% on 2nd TD
  • No Prepayment Penalty
  • Interest Only starting in the 8’s

*Owner occupied for Arizona and California Properties ONLY

Valor Investment Property | Non owner occupied:

Property being used as the borrower’s investment property.

  • Terms 1 to 5 years
  • Max LTV of 80%
  • No Prepayment Penalty
  • Interest Only starting in the 8’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% CLTV for 100% Financing
  • Terms of 1-2 years
  • Max CLTV of 65%
  • No Prepayment Penalty
  • Interest Only starting in the 8’s

**no Appraisal Subject to lender discretion on a case by case basis

Needs for Quote (email Stefanie the following):
  1. Property Address:
  2. Purchase Price (for Purchase):
  3. Property “as is” Value:
  4. Current Balance (for Refinance):
  5. Total Monthly Rents (confirm if long term or short term Airbnb leases):
  6. Monthly Taxes and Insurance:
  7. Approx. Credit Score:
  8. 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

We are NEVER too busy for your referrals!



Recap of our Loan Products
  1. Hard Money Loans (20% down / minimal documentation) Typically Fund in 7-10 days.
  2. Stated Income Loans (Great for business owners and self employed ) No tax returns!
  3. 100% financing is available (we can cross collateralize other properties if there is enough equity)
  4. Valor VA Home Loan 100% financing up to $1.5MM
  5. Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow – No DSCR Coverage needed!
  6. Flipper & Rehab Loans (Flip a property with one of our many options)
  7. 2nd Position Loans up to $5mm
  8. Raw Land & Lot Loans
  9. Ground up Construction for spec homes, custom homes and commercial ground up.
  10. Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
  11. 10% down Jumbo’s up to $1.5mm
  12. Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
  13. Acreage Properties
  14. Commercial Loans up to $500mm
  15. 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
  16. Foreign Nationals Loans (no social security or residency required)
We Also Offer:
  1. Conventional Conforming Loans
  2. High Balance Conforming
  3. Jumbo Loan Financing | 10% down Jumbo to $1.5mm
  4. FHA, USDA
  5. Reverse mortgages up to $1 Million Value
  6. Cash Out Refinancing

**Rates and terms subject to change without notice

We are never too busy for your referrals!

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