Bridge Loan

To help get you the cash you need to purchase the home of your dreams!

Bridge loans act as short-term financing on homes listed for sale. This loan is a revolving line of credit intended for borrowers who would like to take out available equity on a current primary residence to put towards a down payment on a Lake Michigan Credit Union financed new home purchase transaction of a primary residence.


Features

  • Borrow up-to 80% of current home value
  • Interest only payments
  • Access to all or a portion of funds during the loan term

Requirements


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Rates based on credit score. 11-month draw period.

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