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Are there any institutions in Maryland that will do a bridge loan on an existing residence

by bobbowers935 from Baltimore, Maryland. Dec 17th 2017 Reply


Joe Metzler (JoeMetzler)
#19 ranked lender in Minnesota - 3,754 contributions

While not commonly used, a bridge loan is a tool in the toolbox that just about every lender can hook you up with. Contact a local mortgage broker in your area, give them a full application, and let them review your situation and options to determine if that is even an option for you, or if it is the best option for you. For situations like this in MN, WI, and SD, visit me at https://JoeMetzler.com

Dec 18th 2017
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Robert Hanson (rhanson)
#38 ranked lender in Maryland - 646 contributions

Sure, we can arrange them here in MD, DC, VA, DE, PA, NC, SC, GA, FL, CO, TX, & CA

Dec 18th 2017
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,428 contributions

More info needed, but in general.. Bridge loans are typically portfolio (Hard/Private Money) type loans and permanent financing is typically conforming type loans like Conventional, FHA. VA,. USDA... Most Mortgage lenders have both available in some form or fashion.. The best advice I can give you is to contact a mortgage banker/broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with a Banker/Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the banker/broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the big box banks. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Dec 19th 2017
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