Bridge Loan Solutions for South Florida Homeowners | The Listing Team

Bridge Loan Strategies for South Florida Homeowners

Scott Lehr Headshot

Scott Lehr, PA

Certified Mortgage Specialist
The Listing Team at RESF
Phone: 954-342-6180 | Email: scott@reallistingagent.com

Get Bridge Loan Pre-Approval

FIND YOUR NEXT HOME

In Fort Lauderdale's competitive 2023 market, 41% of sellers use bridge loans to upgrade homes. Discover how our team secured $28M in bridge financing for clients this year.

2023 Bridge Loan Trends

  • Average loan amount: $427,000
  • Typical term length: 6-12 months
  • Interest rates: 7.5-9.25%

1. How Bridge Loans Work

Key Features:
  1. Simultaneous purchase/sale financing
  2. 80-85% LTV ratios
  3. Interest-only payments

Local Market Comparison

City Avg. Loan Size Common Use
Weston $585K Move-up purchases
Pembroke Pines $410K Investment property

2. Qualification Requirements

Critical Factors:
  • 720+ credit score
  • 35%+ home equity
  • DTI below 45%

Documentation Checklist

  • Current mortgage statements
  • Purchase contract for new home
  • Listing agreement for existing home
Scott Lehr Headshot

Secure Your Bridge Financing

Our team has access to 12+ bridge loan programs in Broward County. Get personalized rate quotes and strategy session:

Call Now: 954-342-6180

© 2023 The Listing Team at RESF.

 



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