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Ruby Reds Home Loans

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Bridge Loans

If you are looking to quickly fund a short-term loan on an investment property, our Bridge Loan program provides you with the flexibility!

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1 YEAR

STARTING RATE 8.75%

NO PREPAYMENT PENALTY

This is a great program for investors that fix and flip properties quickly.

2 YEAR

STARTING RATE 8.75%

PREPAYMENT:
8 MONTHS

A two-year term gives you the flexibility to fix and flip, buy and hold, engage in an extended rehab or even qualify for a conforming loan down the road.

 

 

Our Bridge Loans provide you short-term financing to "bridge" the gap between now and when you may be looking to qualify for more conventional financing, or for when you are looking to sell the property. And an added plus, it gives you the time and the opportunity to increase your FICO or improve your DTI.

 

WHAT MAKES THIS A GREAT PROGRAM?

  • Stated income and no DTI requirement, No minimum FICO requirement, No minimum DSCR requirement on 1-year term
  • No prepayment penalty on 1-year term
  • Quicker valuation process, full appraisals only required on case-by-case basis
  • Close quickly, 7-10 business days on average
  • Interest-only payments
  • Up to 80% LTV