– This loan program is designed for borrowers who do not yet have a sale or lease contract on their existing home. Provided the borrower has 20% equity in the home, the borrower can exclude their departing residence payment from their debt-to-income (DTI) calculation when qualifying for the new home purchase. Debt Inclusive Bridge Loan
If you plan to purchase a fixer-upper or need to make improvements to your existing home, a FHA 203(k) loan may be the perfect rehab loan for you. Learn what a 203(k) loan is, how you can qualify, eligibility requirements, and more from the renovation mortgage loan originators at Homebridge today!
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