Vacation Home Bridge Loan
The Outer Banks, North Carolina
The Outer Banks, is a 200 mile long string of narrow barrier islands off the coast of North Carolina, has become a major tourist destination and is known around the world for its temperate climate and wide expanse of open beachfront.
Despite a high income and size-able down payment, the borrower’s credit scores fell just short of the requirement for the jumbo mortgage needed to purchase this vacation home. The broker brought the deal to We Lend Money™ and in under ten business days we provided a bridge loan to close on the purchase. The borrowers will refinance with a conventional source in a few months, once their credit scores have improved. Apply for your own Vacation Home loan here