Refinance or Tap Equity
Make your equity work harder.
Whether you're refinancing to save or tapping into equity for cash, we’ll help you use your home’s value to your advantage.
Lower Monthly Payments
Reduce your interest rate and monthly obligation.
Cash-Out Options
Access funds for renovations, education, or major expenses.
Debt Consolidation
Combine high-interest debt into one manageable mortgage payment.
Home Equity Line Flexibility
Draw funds as needed with revolving credit options.
Residential Bridge Loan Eligibility Requirements
Eligibility for a residential bridge loan is based on overall creditworthiness, available equity, and a clear exit strategy. General requirements include:
A strong credit profile (660+ credit score)
Verifiable income and liquidity to support the short-term loan
Sufficient equity in the current or subject property
A realistic and documented repayment plan (e.g., sale of an existing home or long-term financing)
Use of funds must be for an eligible purpose (e.g., property purchase, renovation, or transition)
Credit Score Requirements
While bridge loans are more flexible than conventional loans, we generally look for a minimum credit score of 660. Borrowers with lower scores may be subject to additional requirements or reduced loan amounts.
Down Payment and Equity Requirements
Borrowers typically need at least 20–30% equity in their existing home (or a 20–30% assumptive close). Loan-to-value (LTV) and combined loan-to-value (CLTV) limits will vary.
Debt-to-Income (DTI) Ratio Considerations
Bridge loan underwriting focuses more on asset-based analysis and exit strategy than traditional DTI calculations. However, lenders will still evaluate income, existing obligations, and the borrower’s capacity to service interest payments.
Requirements for Mortgage Insurance on Bridge Loans
Loan-to-Value Ratio (LTV): A higher LTV may necessitate mortgage insurance. Lenders usually require insurance if the LTV exceeds a certain percentage, often around 80%.
Credit Score: Borrowers with lower credit scores may face higher insurance premiums or may be required to obtain mortgage insurance.
Property Type: The type of property being financed can impact the need for mortgage insurance. Investment properties may have different requirements compared to primary residences.
Loan Amount: Larger loan amounts may require mortgage insurance, especially if they exceed conventional loan limits.
Eligible Property Types for Bridge Loans
Bridge loans can be used for a variety of residential property types, including:
Single-family homes
Condominiums and townhomes
1–4 unit residential investment properties
Vacant land with plans for construction
Homes in need of renovation (fix-and-flip or repositioning)
Residential Bridge Loan
Testimonials
Amber
Cypress
We refinanced and cut our payment by $400 a month. Tory made it painless.
Trevor
Longview
Tory helped us cash out equity for renovations—super fast and efficient.
Danielle
Mesquite
I didn’t realize how much I could save until Tory laid it out for me.
Noah
Temple
Tory made our refinance easy, and we were funded in record time.
Bianca
Abilene
Two quick calls and we had a HELOC set up. Tory made it feel effortless.
Top Reasons to Refinance Your Mortgage
Lower rates, consolidate debt, or pull cash out
What is a HELOC and How Does It Work?
Access your home’s equity with flexibility
Mortgage Tips, Tools & Insights
Clear guidance for smart decisions.
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