• For buyers wanting to purchase or construct a new home while waiting for the previous home's sale
• Allows construction completion of the new home without having to move twice
• Short-term loan secured with equity in the current home
• Provides down payment on purchase
• Quick application process, low-cost preapproval, low closing costs, flexible LTV

• Payments for a six-month term at a fixed interest rate for purchase; 12-month term for construction
• Principal due at maturity
• Interest-only payments paid monthly
• Maximum term of one year
• Minimum loan amount of $70,000

Click here to access our mortgage calculators.