What are the rules for getting a bridge loan?

Pretty much the same as qualifying any other mortgage loan. Depending on your scenario, and collateral, you may have a higher interest rate, or points. The thing to do is find a lender willing to take on such a request that serves the area your current home is in. Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Certified by The National Association of Mortgage Professionals as a Certified Veterans Lending Specialist.Licensed in AZ, CA, GA, IL, OR & WA... In fact, NEXA is licensed in all states except MA and NY so give us a call. ~ www.ApplyYes.com 480-889-9000.

A "bridge loan" has basically the same guidelines as any other mortgage loan, but for most, they are difficult to qualify. You typically now need to qualify for three loans. The existing 1st lien on the current home, the new loan on the new house, and the bridge loan. This makes debt ratios too high for many people. I lend in MN, WI, IA, ND, SD. Cambria Mortgage, NMLS 274132. iMortgageJoe.com