Residential Bridge Loans

For a Rate and Fees quote call


Brokered Residential Bridge Loans

A Bridge Loan allows you to take advantage of the equity in your current Owner-Occupied residence or possibly another property you own (which is intended to be sold) to purchase a new residence or construct a new home. Please call for Bridge Loans on Non-Owner Occupied homes.

General Guidelines*

  • Loan amounts from $95,000 to $5,000,000
  • Loan to value up to 80% of appraised value.  Loan amounts over $1M maximum 75% loan to value.
  • Allows you to sell your home on your time schedule
  • Deal directly with the Loan Officer/Underwriter
  • Fast pre-qualification, typically within 3 – 5 business days, closing typically within 30 days  (fast track closings in 14 +/- days available if certain criteria is met)
  • Loans are available to Borrowers with excellent to less than perfect credit (subject to underwriting)
  • Full income documentation or limited income documentation available
  • Foreign Nationals are eligible for this program
  • 1 to 4 family Owner and Non-Owner properties are eligible (other property types may be considered on an exception basis)
  • 12 month term
  • Interest only payments
     *All rates and terms subject to change without notice
    Rates and Fees
    Based on credit score, income, savings and LTV)
    • Rate: Prime Rate plus 2.00% to 4.00%+
    • Loan Fee: 1.00% to 1.50%+
    • Application Fee: $295
    • Fast Track Closing Fee: $1,250
    • Underwriting Fee: $425
    • Maximum Broker Fee: 1.50% to 2.00% (subject to Broker Compensation option)

Loans available for Owner Occupied and Non-Owner Occupied properties in the following states: CA, CT, DE, FL, IA, MA, MI, NJ, NY, OR, PA, RI, VA, WA

Loans available for Non-Owner Occupied properties only: AK, AL, AR, CO, GA, HI, ID, IN, KS, KY, MD, ME, MO, MS, MT, NC, NE, NM, OH, OK, SC, TN, UT, WV, WY

Draw Request Submitted

Thank you for requesting a draw.  You will receive an email or call confirming your draw request has been received within 1 business day.  If you do not receive confirmation, please contact our office at 800-390-7536.  Please notify us of any changes you wish to make to your request.  

Normandy Corporation

Thank you for scheduling your payment.  You should receive an email confirmation of payment within 1 business day.  If you do not receive a confirmation email within 1 business day, please call our office to confirm at 800-390-7536.