FirstMerit Mortgage

24 hour Contact Center
Call 1-888-554-4362

Online Services Checking Savings Loans Cards Mortgages Investments

Online Login: Online Banking401kMy Streetscape

$1,000 Makes a very fine housewarming gift. (Not that dishtowels aren't nice too...). Learn More.

Contact Information
   Email us
   Call 1-800-562-6694 ext. 2280
   Visit your nearest FirstMerit branch

Mortgage Bridge Loans

Here's a great way to finance the purchase or construction of a new home while waiting for the previous home's sale.
Your FirstMerit Mortgage Originator can help you take advantage of a Bridge Loan to save money, time, and effort.

Benefits

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

Terms

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

Access our mortgage calculators.