Generate Residential Bridge Loan Documents
Generate Residential Bridge Loan Documents
Use this legal app to build the loan documents needed to facilitate a consumer bridge loan. Our Consumer Bridge Loan app is a loan whose primary purpose is to finance the purchase of a new home by a homeowner who intends to sell their old home. It is your responsibility to determine if it is lawful under licensing and other laws to make or broker this loan in any given state. It is also your responsibility to determine if you need a license to make or broker this loan in any given state.
Features
- Full TRID compliant docs – including the LE and CD
- 11-month max term (11 months plus per diem interest period)
- All federal and state disclosures for DRE and CFL licensees
- Flexibility to put a lien on the existing home, new home or both
- HOEPA compliance
- 3 Day Right to Cancel if placing a lien on the existing residence
- All calculations performed – including APR and TIP
- Special customizable escrow instructions to the purchase escrow
- NMLS endorsement required
- Ability to repay & credit not relevant
- No prepayment penalties or guaranteed interest
- Most are Section 32 = HUD counseling & no financing of soft fees
- 4%, 15-day late charge
- No limitation on rates or points
Jurisdictions Covered
- Massachusetts
- New Jersey
- Wisconsin
- Michigan
- Vermont
- Indiana
- Florida
- Tennessee
- UK
- Worldwide
- Wyoming
- Minnesota
- Virginia
- USA - Federal
- Missouri
- Louisiana
- Illinois
- Sweden
- USA - All States
- Canada
- Utah
- Texas
- New York
- Colorado
- California
Who is this app for?
Individuals
Languages
English
Created by
Dennis H. Doss
Manager
Dennis H. Doss is the owner and founder of Doss Law, LLP. Licensed as an attorney since 1978, Dennis represents private and hard money lenders and carryback sellers in Orange County and throughout California. He counts many of the top private or hard money mortgage lenders as his clients.
Christopher J. Donovan
Partner
Christopher J. Donovan, under the tutelage of Dennis H. Doss, has become highly skilled in mortgage finance law. Chris is a driven, meticulous and reliable attorney with transactional legal experience in real estate, mortgage lending and securities while working with a wide variety of institutional, professional and individual clients.
App Updates
Version
1.0 Current This is the initial version of the application.
Pricing
$599
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