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Bridge/Swing Loans – All Agency Guidance

Description:

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.

Document type:

  • Chart/Checklist

Agency:

All Agency

Download:

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