A bridge loan on your acquiring residence provides the financial flexibility to move forward with purchasing your new home, whether or not your current property has sold. It gives you the liquidity you need to secure your new home and avoid the pressure of aligning two sales perfectly.

How it Works:

• The bridge loan is secured by the new home you’re purchasing.

• It provides the funds for your down payment, closing costs, or other purchase-related expenses, allowing you to proceed with the transaction.
• Once you’re ready—whether through selling another home, securing long-term income verification, or completing necessary financial arrangements—you can transition to the next phase: refinancing into a traditional mortgage.

Once your financial situation stabilizes, Vellum Mortgage makes it easy to refinance from the bridge loan into a traditional mortgage. This transition is simple and seamless, allowing you to lock in favorable terms without needing to change lenders or start the mortgage process from scratch.

How it Works:

• We handle the refinancing process, moving you into a traditional mortgage that fits your financial situation.

• Because you’re working with the same lender throughout, the transition is smooth, with minimal paperwork and hassle.

Vellum Mortgage’s 2-Step Home Financing offers flexible solutions for various homebuying needs. Here are the top reasons clients choose a bridge loan for their acquiring residence:

1. Transitioning Financial Circumstances: Whether you’re in between jobs or waiting for income verification, a bridge loan allows you to secure your new home while finalizing your finances.
2. Managing Multiple Properties: For those with multiple properties, a bridge loan lets you purchase a new home without selling existing assets immediately.
3. Avoiding Market Delays: In fast-moving markets, a bridge loan helps you act quickly and secure your property without waiting for your current home to sell.
4. Fixer-Upper or Unique Properties: Bridge loans provide the funds for both purchasing and renovating homes that don’t yet qualify for traditional financing.
5. Leveraging Equity Without Immediate Sale: This loan offers flexibility for buyers who want to use equity without rushing to sell their current home.

By choosing Vellum Mortgage for both your bridge loan and traditional mortgage, you enjoy:

1. Flexibility: Secure your new home without delays, whether waiting on income verification or managing multiple properties.
2. Streamlined Process: With the same lender for both loans, you avoid extra paperwork and delays, making the transition to long-term financing smooth.
3. Cost Savings: Working with one lender minimizes fees and offers better rates, resulting in significant savings over time.
4. Personalized Service: Our team provides consistent, tailored guidance from bridge loan to final mortgage, ensuring your financial goals are met.
5. Stronger Offers in Competitive Markets: With financing in place, you can make stronger offers, giving you an edge in competitive markets.

At Vellum Mortgage, we understand that every buyer’s situation is unique. Our 2-Step Home Financing is designed to give you the flexibility, speed, and personalized support you need to secure your new home confidently and cost-effectively.

With Vellum Mortgage, you’ll benefit from:

1. Faster Closings: Secure your home quickly and confidently in a competitive market.
2. Lower Costs: Save on fees by working with the same lender throughout your financing process.
3. Expert Guidance: Our experienced team is here to guide you every step of the way, from the initial bridge loan to your long-term mortgage solution.

Whether you’re buying your dream home or making an investment, Vellum Mortgage’s 2-Step Home Financing provides the flexibility and financial support you need. Don’t wait to make your dream home a reality.

Contact Vellum Mortgage today and let our team guide you through our 2-Step Home Financing, so you can secure your new home with confidence, speed, and ease.