Moving into a new home is exciting, but the timing can be a nightmare. Do you sell first and risk having nowhere to live, or buy first and struggle with two mortgages?

​Our CCM Bridge Loan is designed to solve that exact problem by letting you leverage the equity in your current home to secure your next one. Here is everything you need to know about using this powerful tool to make your next move seamless.

What is a Bridge Loan?
​A bridge loan is a short-term financing option that "bridges" the gap between buying a new home and selling your current one. It allows you to access the cash tied up in your current house to use for your new purchase.

Why Homeowners Love This Program
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🔹Buy Before You Sell: Purchase your dream home without waiting for your current house to close.
🔹No Monthly Payments: There are no payments collected during the 4-month loan term. The principal and interest are simply paid back in a single "balloon payment" when the loan matures or your home sells.
🔹Boost Your Buying Power: Use the funds for your down payment, closing costs, or even to pay off existing debt to help you qualify for your new mortgage.
🔹Flexible Qualifying: At least one borrower on the new loan must have ownership in the departing residence, but the borrowers don't have to match perfectly between the two loans.


Key Program Features
​🔸Loan Amounts: Between $50,000 and $700,000.
🔸Credit Score: Minimum FICO of 680.
🔸Equity: You can borrow up to an 85% Combined Loan-to-Value (CLTV).
🔸Interest Rate: A competitive 8.50%.
🔸Availability: Available in all 50 states and Puerto Rico (note: Hawaii and New Jersey require the bridge loan to be in the first lien position).

Important Eligibility Details
To ensure a smooth transition, there are a few requirements you should keep in mind:
▪️The "New" Mortgage: To use this bridge loan, your new primary residence must also be financed through CCM.
▪️Property Types: This program is for 1-unit properties, including Single Family Residences (SFR), PUDs, Townhomes, and Site Condos. It cannot be used for 2-4 unit properties, co-ops, or manufactured housing.
▪️The Listing: Your current home must be listed for sale (or have a listing agreement) before we reach the "Clear to Close" (CTC) stage of your new loan.
▪️Simultaneous Closing: The bridge loan must fund at the same time as your new primary home loan.
▪️No Cash-in-Hand: All proceeds are wired directly through title to be used for your new purchase; you cannot receive the cash directly.

Ready to make your move?
Don't let the stress of timing the market hold you back. Let's use your current equity to unlock your future home today!