A bridge loan is a short-term financing option used to “bridge” the gap between a current need for funds and a future, more permanent financing source. They are commonly used by homeowners to purchase a new home before their current one is sold, providing the necessary funds for a down payment or closing costs. These loans are also known as swing loans or interim financing and typically last for a period of six months to a year. Apply today for a quick response from our underwriters.
Apply today for a quick response from our underwriters.