Mortgage Loan Program

The Bridge to Home Loan Program is designed for borrowers who do not fit into the “standard boxes” of many of the large lenders. There are various ways to qualify for the Bridge to Home Loan Program with income or assets (not including equity in subject property).

Our mortgage program features include no pre-payment penalty, adjustable and fixed rate payment options.

Additionally, there is no minimum credit score required if your current history of paying bills is as agreed.

 

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Purpose

Purchase, Refinance and Cash-Out Refinance¹

 

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Available Programs

• Adjustable Rate Mortgage (ARM)
• Fixed Rate Mortgage²

 

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Terms

• 5/1 ARM
• 10/1 ARM
• 15 Years Fixed²
• 30 Years Fixed²

 

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Features

• Your interest rate and monthly principal and interest (P&I) payments remain the same for a defined initial period, then adjusts annually when that initial period is over.
• Includes an interest rate cap that sets a limit on how high or how low your interest rate can go.

 

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Maximum Loan Amount

$2,000,000

 

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Maximum Loan to Value

60% for Purchase and Rate & Term Refinance³

50% for Cash out Refinance

 

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Occupancy

Owner-Occupied/Second Home/Investment

 

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Property Type

• Single Family Residence (1-4 units)
• Condominiums
• Planned Unit Developments
• Townhomes
• Co-op (New York)⁴

 

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Eligible Borrowers

Individuals (including married or joint applicants), LLCs, Corporations, Trusts, Foreign Nationals, and Non-Permanent Resident aliens.

This conforming and high balance full documentation mortgage product is designed for low-to-moderate income borrowers and buyers in designated low-income, minority, and disaster-impacted communities. The product has a low down payment requirement and offers flexible qualification guidelines. Full income and asset documentation are required.

 

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Purpose

Purchase, Rate & Term Refinance

 

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Available Programs

Conventional Fixed Rate Mortgage

 

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Terms

Your interest rate and monthly pricipal and interest (P&I) payments remain the same for the life on the loan.

 

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Maximum Loan Amount For Conforming Full Documentation Loans¹

1 Unit      $726,200

2 Unit      $929,850

3 Unit      $1,123,900

4 Unit      $1,396,800

 

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Maximum Loan to Value

Up to 97% depending on property type and loan purpose

 

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Income Limits

80% of the Area Median Income (AMI) for the property location

 

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Occupancy

Owner-Occupied

 

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Property Type

• Single Family Residence (1-4 units)
• Condominiums(Fannie Mae warrantable)
• Planned Unit Developments(Fannie Mae warrantable)
• Townhomes

 

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Eligible Borrowers

U.S. Citizens and Permanent Residents, Non-Permanent Resident Aliens with a valid Social Security Number/Tax Identification Number and proof of current legal residency in the U.S.