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Nexus Funding Group

Cell: 914-450-3624
Office: 916-402-1141
Fax: 916-295-1454
Nexus Funding Group

Bridge Loan

Short term mortgage financing that is in place between the termination of one loan and the beginning of another loan.  Also, a form of interim loan, generally made between a short term loan and a permanent (long term) loan, when the borrower needs to have more time before taking the long term financing.  Commonly used for construction or rehab.  Rates are higher than a conventional loan because financing is short term.

 

Live Rates

Jun 2 30 Year 15 Year
Average Rate 4.57% 3.59%
Fees /Points 0.80 0.70
Rates are based on National Average and do not constitute a specific mortgage offer.

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