Bridge/Swing Loans - All Agency Guidance

Bridge or Swing loans allow a client to borrow from the equity on the property they are selling in order to use those funds to close on their new property prior to selling/closing on their old property. This is an all agency guidance chart [Fannie Mae, Freddie Mac, FHA, VA & USDA] that outlines the rules about what payment(s) need to be counted in the borrower’s debt ratio.