Bridge Financing
Struggling to get a down payment?
Bridge financing uses the equity from your current property to “bridge the gap” and provide you with a downpayment for your next home.
Bridge Financing FAQs
Do I have to be selling my current home in order to get a bridge loan?
You got it! This is for people who are waiting for their existing property to sell, but need the cash flow to purchase their next home.
How much interest am I charged on a bridge loan?
While it varies from lender to lender, a bridge loan is usually given at the prime interest rate plus an additional two to three percent.
How long do I have to pay my bridge loan back?
Bridge financing is usually a short-term solution that often ranges between three to six months in length.
Does my bridge loan have to be from the same lender as my mortgage?
Nope! Many lenders offer bridge financing. We’ll “shop around” to find the best loan for your needs!
Use our free app to get pre-qualified or to calculate how much you can afford
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Apply for bridge financing today
Ready for a bridge loan? Click the button below to submit an application for bridge financing. The application will take about 10 minutes total to complete, and partially completed applications can be submitted.