Residential Bridge Loans
Buy Your Next Home Before Selling Your Current One
Move forward with confidence using our residential bridge loans. Close in 15-20 days, compete with cash offers, and leverage your combined equity without liquidating assets.
Strategic Advantages for Homebuyers
Close Quickly in 15-20 Days
Fast approvals to secure your new home. Compete with cash buyers confidently.
Borrow Up to 110% Value
Use combined equity from both properties. Move once without liquidating assets or waiting to sell your current home.
No Prepayment Penalty
Flexibility to pay off early. Refinance or repay with sale proceeds anytime.
Explore our bridge loan advantages
Buy your dream home before selling your current one with flexible bridge financing that leverages your combined equity.
Compete with cash offers
Write non-contingent offers that compete with all-cash buyers. Stand out in competitive markets.
Fast closing timeline
Close quickly and confidently in just 15-20 days. Move fast on your dream home.
Combined equity financing
Use equity from both properties to finance your purchase. Access up to 75% of combined property value, minus existing liens.
High loan-to-value options
Borrow up to 110% of your new home's value. Maximize your purchasing power, prep your departing residence for sale.
Avoid Liquidating Assets
Keep investment portfolio intact, avoid triggering capital gains. Use home equity instead of liquidating assets.
Move once certainty + convenience
Move directly into your new home without temporary housing. Sell your current home after you've moved, not before.
No prepayment penalty
Pay bridge loan off with no penalty. Pay off in full with proceeds from the sale of your home, or replace some with long-term financing.
Flexible payoff options
Use sale proceeds to pay in full, or refinance up to 90% of your new home's value into a conventional or specialty mortgage.
Your bridge loan questions answered
How does a residential bridge loan work?
A residential bridge loan allows you to purchase your new home before selling your current one. We use the combined equity in both properties to secure the loan, lending up to 75% of the total value minus any existing mortgage on your departing residence. You only need to qualify for the replacement financing you'll need after your current home sells—not for carrying both mortgages simultaneously.
What are the qualification requirements for a bridge loan?
You'll need to be preapproved for the replacement financing that will be required after your current home sells. We evaluate the combined value of your new home and departing residence, along with existing mortgage debt on your current property. Bridge loans have a streamlined underwriting process compared to traditional mortgages, making qualification straightforward for homeowners with sufficient equity in their existing property. Most bridge loans require a credit score of 680 or higher.
Can I close on my new home before selling my current home?
YES! That's exactly what bridge loans are designed for. You can close on your new home in as little as 15-20 days without needing to sell your current home first. This allows you to move once, avoid temporary housing or storage, and prepare your departing residence for sale without the pressure of an immediate timeline.
Are there prepayment penalties on bridge loans?
NO. Our residential bridge loans have no prepayment penalties, and we do NOT require you to pay off the mortgage on your current home to qualify. You can pay off all or part of the bridge loan at any time using proceeds from the sale of your current home, refinance into long-term financing whenever you're ready. This flexibility gives you complete control over your repayment strategy without financial penalties.
How quickly can I close with a bridge loan?
Bridge loans can typically close in 15-20 days, making them competitive with cash offers. Mandatory consumer waiting periods apply, including a 3-day waiting period after signing loan documents, will apply except in certain urgent situations, such as risk of losing deposit because of a mortgage denial by another lender. Most bridge loans do not require an appraisal. The underwriting process is streamlined and straightforward, avoiding the lengthy documentation requirements of traditional mortgages. This speed gives you a significant advantage when competing for properties in fast-moving markets, allowing you to write non-contingent offers with confidence.
Help! My loan was denied and I have to close my purchase right away!
Contact us right away so we can discuss your options. In emergencies like this, we may be able to waive some waiting periods to protect your deposit.