North America
North America
BRIDGE TO HUD, MANAGING RISK WHILE SECURING HUD FINANCING
There are many advantages to pursuing a HUD loan, but the lengthy processes of securing the commitment from HUD can make it seem out of reach which is why BV helps with Bridge to HUD loans.
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Knowing that the time of applying for a HUD loan and receiving funding fluctuates and can take many months, most investors will secure conventional funding upfront to purchase their property while submitting an application to HUD for long-term financing. It is typically called a bridge loan. The loan is secured to purchase the property and is then paid off once the HUD funds are dispersed.