Bridge loan information.Bridge Loans
Not Available at this Time

AAXA's investors are not offering bridge loan programs due to the current state of the market. Bridge loans are short term loans which allow consumers to purchase new properties while their current primary residences are on the market to be sold. These loans are secured to the buyers' original homes. Many large wholesale investors have terminated their bridge loan programs because of the extended period of time that houses remained for sale. Lenders and consumers both got caught with hefty bills while properties remained unsold in a slow market. Bridge loans may still exist with some investors and your best bet may be to speak with a local bank and/or credit union. You may also want to see if you can use a home equity loan for your downpayment. You may end up with a better deal.

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