Bridge Loans
"Buy now. Sell later."
Short-term financing to buy your new home before selling your current one. Use your existing equity to bridge the gap.
3%
Min Down
680+
Min Credit
$766,550
Max Loan
Is This Loan Right for You?
This Loan is Perfect If You...
- Found your new home but haven't sold current one yet
- Have significant equity built up in your current property
- Competing in a hot market where contingent offers lose
- Confident your current home will sell within 6-12 months
- Want to avoid the stress of coordinated buy/sell closings
This Might NOT Be Right If...
- Little or no equity in your current home
- Current home may be difficult to sell (unique property, slow market)
- Cannot afford two mortgage payments if sale is delayed
- Looking for long-term financing solution
- Not comfortable with higher short-term rates
Bridge Loans Benefits
Everything you need to know about your benefits
No Need to Wait
Buy your new home now without waiting for your current property to sell
Leverage Existing Equity
Use the equity you've built in your current home to fund your purchase
Avoid Contingent Offers
Make a stronger, non-contingent offer in competitive markets
Stress-Free Transition
Move on your timeline without the pressure of coordinated closings
Sell at Full Value
Take time to sell your current home at the right price, not a fire sale
Flexible Repayment
Repay when your home sells—no fixed monthly principal payments required
How It Works
Your path to homeownership in just a few simple steps
Find Your New Home
You've found the perfect new home but haven't sold your current property yet.
Tap Your Equity
Bridge loan uses the equity in your current home as collateral for short-term financing.
Close on New Home
Use bridge funds for down payment and closing costs on your new property.
Sell Current Home
List and sell your current home at your own pace—typically within 6-12 months.
Find Your New Home
You've found the perfect new home but haven't sold your current property yet.
Tap Your Equity
Bridge loan uses the equity in your current home as collateral for short-term financing.
Close on New Home
Use bridge funds for down payment and closing costs on your new property.
Sell Current Home
List and sell your current home at your own pace—typically within 6-12 months.
Repay from Proceeds
When your current home sells, use the proceeds to pay off the bridge loan.
Things to Consider
A reverse mortgage is a significant financial decision. Here's what you should understand before proceeding.
Two Mortgage Payments
During the bridge period, you'll carry payments on both properties. Ensure your budget can handle this if the sale takes longer than expected.
Market-Dependent Exit
Your repayment depends on selling your current home. You may need to reduce the price if the market shifts or your home takes longer to sell.
Higher Interest Rates
Bridge loans are short-term products with higher rates than permanent financing. This is expected—you're paying for flexibility and speed.
Time Limit Pressure
Most bridge loans have 6-12 month terms. If your home doesn't sell in time, you may need to refinance or extend the bridge loan.
HUD-approved counseling is required to ensure you fully understand these factors before proceeding.
Loan Details
Documentation Required
- Proof of current home ownership and equity
- Current mortgage statement showing balance
- Current home appraisal or market analysis
- New home purchase agreement
- Income documentation (may be flexible)
Eligible Property Types
- Primary residences
- Single-family homes
- Condos and townhomes
- Some multi-family (case by case)
Additional Info
- Current home should be market-ready or listed
- Combined LTV typically capped at 80%
- Most programs require current home sale within 6-12 months
- Interest-only payments common during bridge period
Bridge Loan Example Scenario
| Item | Amount(This loan) |
|---|---|
| Current Home Value | $500,000 |
| Remaining Mortgage Balance | $200,000 |
| Available Equity | $300,000 |
| New Home Purchase Price | $600,000 |
| Bridge Loan Amount | Up to $240,000 (80% of equity) |
| Result | Buy new home now, sell current later, repay from sale |
* Rates and terms subject to change. Contact us for current offers.
Frequently Asked Questions
Common questions about Bridge Loans
Last updated:
How does a bridge loan work?
A bridge loan is short-term financing that uses the equity in your current home to help you buy a new one. You close on the bridge loan and your new home purchase, then repay the bridge loan when your current home sells. It "bridges" the gap between buying and selling.
What are the interest rates on bridge loans?
Bridge loan rates are typically higher than traditional mortgages—usually 2-4% higher—because they're short-term, higher-risk products. However, you're paying for the flexibility to buy before you sell, which can be worth it in competitive markets.
How much can I borrow with a bridge loan?
Most bridge loans allow you to borrow up to 80% of your combined loan-to-value (current mortgage + bridge loan vs. current home value). For example, with $300K in equity, you might access up to $240K.
- If your home doesn't sell within the bridge loan term (typically 6-12 months), you may need to extend the loan, refinance, or reduce your asking price. We help you plan for this scenario upfront.
- Income requirements vary. Some bridge loan programs focus primarily on your equity and the marketability of your current home. We'll review your specific situation to find the right program.
- Yes—that's one of the biggest advantages. With bridge financing in place, you can make a non-contingent offer on your new home, making you more competitive against other buyers.
Get Rate Drop Alerts
We'll notify you instantly when rates drop to your target.
Ready to Buy Before You Sell?
Let's structure a bridge loan that gives you flexibility
Or call us directly: (757) 558-2603