What does a bridge loan cost?

Rates typically 1-3% above market, plus closing costs. Interest is short-term so total cost is manageable.

How long do I have to sell?

Most bridge loans give you 6-12 months. Extensions are available if needed.

Can I have two mortgages at once?

During the bridge period, yes. Our underwriters confirm you can carry both temporarily.

What if my home doesn't sell?

The usual exit is a refinance into a long-term loan on the property you kept. Agree that exit in writing before you take the bridge, so a slow sale is a plan rather than a surprise.

Loan option

Bridge Home Loan

A bridge loan lets you make a non-contingent offer on your next home using your current home's equity - even before it sells.

Get a quote Pre-qualify

What Bridge Home Loan actually is.

Bridge loans solve one of the most stressful problems in real estate: needing equity from your current home to buy the next one - but not being able to sell first.

With a bridge loan, you tap up to 80% of your current home's equity to use as down payment on the new home. Then you sell on your own timeline, and the bridge is paid off from the sale proceeds.

It's short-term financing, so rates are slightly higher than a traditional purchase loan, but in competitive markets the ability to make a non-contingent offer is invaluable.

Illustrative sample figures for a template demonstration. Not a rate quote, not an offer to lend, and not live market data.

Who this fits

Move-up buyers in competitive markets
Sellers who need their equity for the next purchase
Buyers who can't make contingent offers
Anyone facing tight purchase + sale timing

Check whether you qualify

What this program buys you.

Buy Before You Sell: Tap up to 80% of current home's equity for the next purchase.
Non-Contingent Offers: Make offers without a home-sale contingency - much stronger in competitive markets.
Short Term: Typically 6-12 months, paid off when current home sells.
No Income Verification (some programs): Asset-based bridge programs ignore W-2 income.

The process

Four moves from first call to keys.

Each step has one job and one owner. You always know which of the four the file is sitting in.

01Equity AnalysisWe estimate available equity in your current home.
02ApplyStandard application focused on equity and exit plan.
03Close on BridgeBridge loan funds before or simultaneous with the new home purchase.
04Sell & Pay OffWhen current home sells, the bridge is paid off from proceeds.

Questions this program raises.

If yours is not here, ask it. You will get an answer in writing from the officer who would work the file.

Other programs

Get this priced against your own file.

Tell us the scenario and we will come back with real figures for Bridge Home Loan, and for the programs you did not ask about, so you can see all of them at once.