A Bridge Loan gives you the flexibility and confidence to move ahead with your home purchase, even if your current home hasn’t sold yet.
It’s Ideal If:
No. You don’t make monthly payments for up to 6 months. The bridge loan is paid off when you sell your current home.
If your home doesn’t sell within the initial timeframe, we’ll collect a portion of the accrued interest and offer a 90-day extension.
Yes. For Michigan properties, fees typically range from $1,500 to $1,800, plus any accrued interest during the loan period.
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Stefan P.
Sterling Heights, MI
We had an excellent experience working with Ann for our Bridge Loan. From start to finish she made the entire process easy, smooth, and efficient. Although a bridge loan was new to us, Ann took the time to explain everything clearly and thoroughly. We couldn’t have asked for a better experience, and we’re grateful for her professionalism and dedication.
Make your move stress-free with a Bridge Loan from First State Bank.Visit your nearest branch, contact us, find a Mortgage Loan Consultant,or apply online to get started today!
Access your credit card account online.
Please email us, call Cash Management at 866-372-1275 or stop in at any branch.
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