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Fees vary depending on location. *Title Policy Fees average US $450+. Admin Appraisal Escrow Title Policy* Wiring Notary $850 $475 $450 $450 $75 $40 Some lenders who make conforming loans exclude the bridge loan payment for qualifying purposes. The borrower is qualified to buy the move-up home by adding together the existing mortgage payment, if any, on her existing home to the new mortgage payment on the move- up home. Many lenders qualify the buyer on two payments because most buyers have existing first mortgages on their present homes. The buyer will likely close on the move-up home purchase before selling an existing residence so the buyer will own two homes for a hopefully short-term period. Lenders have more leeway to accept a higher debt-to-income ratio if the new $10,000 loan. The administration fee is 8.5 percent and appraisal fee is 4.75 percent. Certain fees will be charged at a higher rate than others. BRIDGE LOAN FEE EXAMPLES BASED ON A $10,000 LOAN home mortgage is a conforming loan. They can run the mortgage loan through an automated underwriting program. But most lenders will restrict the home buyer to a 50 percent debt-to-income ratio if the new home mortgage is a jumbo loan. Average Fees for Bridge Loans Rates will vary among lenders and location, and interest rates can fluctuate. For example, a bridge loan might carry no payments for the first four months but interest will accrue and come due when the loan is paid upon sale of the property. There are also varying rates on different types of fees. Here are some sample fees based on a • Administration fee: $850 • Appraisal fee: $475 • Escrow fee: $450 • Title policy fee: $450+ • Wiring Fees: $75 • Notary fee: $40