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North Coast Financial are California residential bridge loan lenders providing bridge loans throughout the state. Loan to value ratios of up to 70% of the current value of the property are available. In some situations a second trust deed bridge loan can be placed against the existing property if the first mortgage is small enough.
Two bridge loans can be provided if needed. Funding takes 2 weeks for bridge loans against a property being purchased. A bridge loan against a currently owner-occupied property takes 2.5 weeks.
Bridge loans are especially beneficial for retired individuals who have sufficient equity in their current property and want to purchase a new home before selling their existing home. Income verification for debt to income ratio qualification is not needed as short-term bridge loans (less than 12 months) do not have the same governmental ability to repay requirements.
Please contact us directly with a bridge loan scenario to obtain our current bridge loan rates. We are provide quick approvals and preapproval letters that can be submitted with the borrower's offer.
North Coast Financial, Inc.
2424 Vista Way #202
Oceanside, CA 92054
760-722-2991
jeff@northcoastfinancialinc.com
Two bridge loans can be provided if needed. Funding takes 2 weeks for bridge loans against a property being purchased. A bridge loan against a currently owner-occupied property takes 2.5 weeks.
Bridge loans are especially beneficial for retired individuals who have sufficient equity in their current property and want to purchase a new home before selling their existing home. Income verification for debt to income ratio qualification is not needed as short-term bridge loans (less than 12 months) do not have the same governmental ability to repay requirements.
Please contact us directly with a bridge loan scenario to obtain our current bridge loan rates. We are provide quick approvals and preapproval letters that can be submitted with the borrower's offer.
North Coast Financial, Inc.
2424 Vista Way #202
Oceanside, CA 92054
760-722-2991
jeff@northcoastfinancialinc.com
