In case you aren’t already familiar, Guild offers our very own service-retained Bridge loan, which can help anyone looking to buy a new home by writing a non-contingent offer and using the equity funds from their current primary residence for the down payment. We’ve recently made some updates to the guidelines which makes this loan option even more desirable for homeowners looking to purchase before selling! We can now eliminate their current home and bridge loans payments from the DTI ratio, and just look at the new payment amount when qualifying borrowers!! THIS IS A HUGE WIN AND WILL BE SO BENEFICIAL TO APPLICANTS LOOKING TO GO THIS ROUTE! There are so many benefit to this program! In a very competitive seller’s market, a Bridge loan can help you or your borrowers get the winning bid on their new dream home. This is a great opportunity for anyone that’s been on the fence about listing. Now you can find your dream home and list once you have an accepted offer! A Bridge loan is a short-term loan secured by the borrower’s current residence to provide down payment and closing costs to buy a new home and must be repaid within the first 6 months. Please feel free to reach out if you have any questions about this update. I’d be happy to chat through it with any questions you might have! Or if you’re ready to get started, you can apply here! | 
