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Swing Loans 

  • This loan is to be used for the interim purchase of a new residence prior to the sale of the existing property.
  • Financing available for up to 90% of the appraised value or $100,000, provided that no other mortgage liens exist, or 80% of the appraised value or established equity of $100,000 if an existing first mortgage has been recorded.
  • Interest-only payments available for up to 12 months.