Bridge Loans are crafted to provide flexible, efficient, and tailored financing solutions for home-buyers and investors in Miami and South Florida
Welcome to Miami Lending Advisors, your premier destination for Miami Bridge Loans. Whether you’re embarking on the journey of homeownership, diving into a luxury construction project, or seeking lucrative investment opportunities, our Miami Bridge Loans are crafted to provide flexible, efficient, and tailored financing solutions. Dive into our diverse loan options and see how we can help you navigate the vibrant Miami real estate market with confidence and ease.
Construction-to-Permanent Loans for Primary Homes
Seamlessly Transition from Construction to Homeownership
A construction-to-permanent loan combines the financing of the construction of a new home and its subsequent mortgage into one loan, with a single closing process. Initially, the loan covers the construction phase, allowing interest-only payments. Upon completion, it converts into a traditional mortgage.
Loan Terms
Phase 1: Interest-only payments during construction.
Phase 2: Conversion to a standard mortgage, typically 15 or 30 years
Closing Costs
A single set of closing costs covers both the construction phase and the permanent mortgage
Requirements
Minimum credit score: Approximately 680.
Down payment: Around 20%.
Debt-to-income ratio: 45% or below.
Additional: Detailed project plans and approved contractors
Closing Time
Construction phase duration: About one year, variable based on project specifics
Construction-to-Permanent Loans for Primary Homes
Seamlessly Transition from Construction to Homeownership
A construction-to-permanent loan combines the financing of the construction of a new home and its subsequent mortgage into one loan, with a single closing process. Initially, the loan covers the construction phase, allowing interest-only payments. Upon completion, it converts into a traditional mortgage.
Loan Terms
Phase 1: Interest-only payments during construction.
Phase 2: Conversion to a standard mortgage, typically 15 or 30 years
Closing Costs
A single set of closing costs covers both the construction phase and the permanent mortgage
Requirements
Minimum credit score: Approximately 680.
Down payment: Around 20%.
Debt-to-income ratio: 45% or below.
Additional: Detailed project plans and approved contractors
Closing Time
Construction phase duration: About one year, variable based on project specifics
FAQ
A frequently asked question surrounding your service
A frequently asked question surrounding your service
A frequently asked question surrounding your service
A frequently asked question surrounding your service
Miami Lending Advisors LLC is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.
* “Not for use by New York borrowers”
License # MBR6170 NMLS ID # 2467822
- +1(305) 630-8473
- [email protected]
- 2125 Biscayne Blvd Suite 347 Miami, FL 33137