Bridge Loan

A bridge loan is a short-term financing option that helps homeowners “bridge the gap” between buying a new home and selling their current one.

It allows you to use the equity in your existing home for the down payment and/or closing costs on your next property.

These loans are typically interest-only and designed to be paid off quickly, often when the current home sells. Bridge loans may carry higher interest rates and fees than traditional mortgages, but they provide flexibility for buyers who need to move before their sale is complete.