Bridge the gap between buying and selling
Need to buy a new home before selling your current one? A bridge loan provides temporary financing so you can move forward without delay.
Who's it for?
Bridge loans are ideal for homeowners who need short-term funding to purchase a new home before selling their current one. If you need flexibility while transitioning between properties, a bridge loan offers a solution that keeps your plans moving.
Bridge Loan benefits
- Fast access to short-term financing
- Helps cover down payment on a new home before selling the old one
- No long-term mortgage commitment
- Flexible repayment options
- Can prevent the need for contingent offers
- Allows you to buy with confidence in a competitive market
Eligibility requirements
To secure a Bridge Loan, you’ll need to meet the following requirements:
- Sufficient equity in your current home
- Strong credit score (typically 620 or higher)
- Verifiable income to cover loan payments
- Plan to sell your existing home within a set timeframe
- Approval from the lender based on financial stability
Find out if a Bridge Loan loan is right for you
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