Buy Your Dream Home Before Selling. Beat Cash Buyers.

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.

Many companies are now offering "bridge loans" which seem to be at low rates. However, many of them require you to pay off your existing mortgage with their higher cost financing, or to sign a purchase agreement which may obligate you to sell your home to the loan provider at under market value, if the bridge loan has not been paid off in the limited time period offered to sell your home. 

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 are based on the combined equity of the property being purchased, and the property that will be sold. Most bridge loans require a credit score of 680 or higher. 

If you are concerned about the ability to pay your current housing expenses and the bridge loan payments, we may be able to structure the bridge loan with an interest reserve so no payments will be due for a certain amount of time. 

YES! That's exactly what bridge loans are designed for. You can close on your new home in as little as 14-21 days without needing to sell your current home first. This allows you to move once, avoid the hassle and costs of temporary housing or storage, and prepare your departing residence for sale without the pressure of an immediate timeline.

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.

Bridge loans can typically close in 14-21 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. 

Contact us right away at 415-948-5390 so we can discuss your options. In emergencies like this, we may be able to waive some waiting periods to protect your deposit. In order to waive mandatory waiting periods, borrowers are required to sign a declaration stating that without this waiver, they will lose their deposit.