A simple solution to bridge the gap between the home you have and the home you want.
What is a Bridge Loan?
A bridge loan is a short-term loan that uses the equity from your current home to help you make an offer on a new one without rushing to sell.
After months and months of extensive research, Compass has selected lenders that are offering competitive rates and dedicated services for Compass clients exclusively. Already working with a lender? No Problem. This unique solution lets you choose the provider that works best for you!
How to Determine if a Bridge Loan Make Sense For you?
Is your Money tied up in your current home?
If you need to move but your money is tied up in the equity of your current house, a bridge loan can help you secure funding to facilitate the transition to a new home — like for a down payment or mortgage payments. Once your current home sells, you’ll use the proceeds to pay the bridge loan back!
Do You Need to Move Within a Specific Timeframe?
If you’re relocating for a new job or other reason, a bridge loan can afford you the freedom to move on your own terms and secure a new house when you need to, without having to wait for your old home to sell.
Does Your Home Require Renovations or Other Work?
How it Works