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For Primary Residences
For Non-Owner Occupied and Second Homes
There are no monthly payments; balloon payments are due in 6 or 12 months
Present yourself as a cash buyer and make a non-contingent offer on your next property
See how much you can afford in seconds with our fast-buying power calculation!
The bridge loan settles your current mortgage and provides the equity for a down payment on your new home or investment property. Instead of monthly payments, the loan requires a single balloon payment due upon the sale of the property or within 6 to 12 months, whichever comes first.
No. When using Money Financial Group for a bridge loan, we are required to fund the loan for the new home or investment property purchase.
Yes, the funds can be applied toward various needs, including debt repayment, closing costs, moving expenses, furnishing your new home, or renovating the property you're leaving to boost its value.
MFG’s bridge loan is unique because the payment from the departure property isn't counted when qualifying for the new home loan. This helps borrowers qualify more easily for their desired home, unlike other lenders who include the departure property payment in the calculation.
A bridge loan enables the borrower to make an offer on a new property without having their current property under contract, allowing them to submit a non-contingent offer on the new home.
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Actual rates and/or terms may vary based on approval criteria, including but not limited to borrower FICO score, previous experience, period of ownership, etc. Lending in some states is restricted.
Money Financial Group Corporation – A division of Kenpco Enterprises Inc
7345 W. Sand Lake Rd., Suite 202
Orlando, FL 32819
P. 689-214-6111 E. apply@moneyfg.com W. moneyfg.com
If you want to find out more or simply have any questions, don't hesitate to fill out the form below. We'll be sure to give you a call!*
*We may send you appointment reminders via text after you become a client