Why our team loves Bridge Loans
Bridge loans help you move forward, literally. They offer peace of mind and financial flexibility when timing between homes doesn’t line up perfectly. You get to buy confidently, sell strategically, and move on your own terms.
Bridge Loans At A Glance
A bridge loan is a short-term financing option that helps you buy a new home before selling your current one. It gives you access to the equity in your existing home before it sells, so you can make a non-contingent offer when the right property comes along.
Highlights
- Access Equity Before You Sell: Use the value of your current home to help fund your next one.
- Make Strong, Non-Contingent Offers: Buy your next home without waiting on your sale to close.
- Short-Term Solution: Designed for quick turnarounds—usually 6 to 12 months.
- Interest-Only Payments Available: Lower your costs while you finalize your home sale.
- No Need to Rush the Sale: Gives you more control over timing and listing strategy.
Bridge Loan Guidelines
- Loan Term: Typically 6 to 12 months.
- Down Payment: Often 20% or more on the new purchase.
- Property Requirements: Must have sufficient equity in the departing residence.
- Exit Strategy: Required—typically the sale of the current home.
- Monthly Payments: Interest-only or deferred, depending on the program.
Bridge Loan Pros
- Buy Before You Sell: Avoid missing out on your next home while waiting for your current one to close.
- Stronger Offers In Competitive Markets: Make a non-contingent offer that appeals to sellers.
- Access Equity Without Delays: Tap into your current home’s equity without refinancing or waiting for closing.
- Short-Term Flexibility: Ideal for transitional periods, with interest-only options during the loan term.
- Eases The Moving Process: Helps you avoid temporary housing, rushed decisions, or back-to-back closings.
Best for…
Homeowners buying a new home before their current one sells
Sellers in a competitive market who need flexibility
Buyers making non-contingent offers Families looking to avoid temporary housing
Anyone navigating a time-sensitive move
Free Guides & Resources
Our favorite kind of buyer? A confident one. Brush up on your loan knowledge, get an accurate quote, and let's get to it.
