Access Your Equity Now With An

A&A BRIDGE LOAN

What is a bridge loan?

A bridge loan is a short term, limited underwrite loan that bridges the gap between buying a house and qualify & closing on a permanent mortgage. They have fewer underwriting requirements and are faster or more “streamlined” than a standard bank loan.

When to use a bridge loan?

You found a house you want to buy, but haven’t sold your old house yet.

Last-minute loan decline from a bank and you have no time to resubmit and get approved from another lender.

No cash for a down payment but you have lots of equity in your current house. We may be able to use that equity for a “no cash down” scenario.

Unlock equity AdobeStock_332662402_sm.pn

Pro's & Con's of a Bridge Loan

Pro's

Little or no proof of income requirements
No Appraisal required (although most lenders will still need some sort of value verification)
No minimum FICO requirement
No Debt-to-income ratio requirement
Shorter wait times for underwriting, processing, and disclosure periods.
No impounds added to the monthly payment

Con's

Bridge loans will require a minimum number of payments prior to payoff (make sure you plan for that in your refinance strategy)
These loans only have a 1-year term and can’t be extended, so make sure you have a well-planned “exit strategy” (plan to pay off the loan within 12 months)

Get Qualified for a Bridge Loan

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