Bridge Loans

Bridge Loans | Buy Your Next Home Before Selling

Buy now. Sell later. Stress less.

A bridge loan can unlock equity in the home you own so you can fund the next down payment and closing costs before it sells.

Found the right home but haven’t sold your current house yet? Use the funds toward your next purchase, buy the new home, then repay the bridge loan when your current property sells.

  • Up to 80% LTV
  • $50,000–$500,000
  • Interest-only payments
  • 6-month term
  • Available in 14 states
See If a Bridge Loan Works for Me

80%

LTV*

$50K–$500K

Loan Amount*

700

Credit Score*

6-Mo

Term*

Terms vary. Figures shown are current program guidelines, not guarantees, and every loan is subject to approval.

Buy now. Sell later. Stress less.

Trying to coordinate the sale of one home with the purchase of another can create unnecessary pressure. Without a bridge loan, homeowners may feel forced to:

More flexibility between two transactions

A bridge loan can create room to shop, write a stronger offer, and move once — instead of waiting for the sale, living in limbo, or tying your next home to a sale contingency.

How Does a Bridge Loan Work?

Four steps from the equity you already have to the keys on the next home.

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Bridge Loan Highlights

Potential features for qualifying borrowers — exact terms vary and every loan is subject to approval.

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Who Is a Bridge Loan Good For?

A bridge loan may make sense if:

Explore My Bridge Loan Options

Make a Stronger Offer on Your Next Home

One of the biggest advantages of a bridge loan isn’t just access to cash. It’s flexibility when making your offer.

Without bridge financing, you may need to make an offer that’s contingent upon selling your current home first. In a competitive housing market, sellers may prefer an offer without a home-sale contingency.

By accessing your current home’s equity before it sells, a bridge loan may allow you to structure a stronger offer on the home you really want.

Estimate

How Much Equity Can You Access?

Bridge financing may be available up to 80% loan-to-value, subject to the existing mortgage and the specific loan structure. This calculator is an estimate, not an approval.

Example: a $400,000 current home with a $200,000 mortgage has an 80% cap of $320,000. Subtract the balance and about $120,000 of equity may be available for a bridge request.

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80% of home value
Minus mortgage balance
Requested amount
$50,000–$500,000 range

Estimate only. Actual available equity depends on appraisal, liens, occupancy, credit, DTI, and underwriting. Every loan is subject to approval.

See If a Bridge Loan Works for Me

What Can Bridge Loan Funds Be Used For?

Down Payment

Access equity from your current home for the down payment on the next property.

Closing Costs

Use available proceeds toward eligible costs associated with purchasing the new home.

Timing Flexibility

Avoid depending entirely on the exact timing of your existing home’s sale.

What Types of Homes Are Eligible?

The bridge loan program is available for qualifying:

The program may be used in connection with a:

Primary Residence

Your new main home.

Second Home

A qualifying secondary residence. Investment property is not in the current program.

Property eligibility and loan structure are subject to underwriting approval.

Where Are Bridge Loans Available?

The current program is limited to 14 states. Properties in other states are not eligible under this program. We’ll confirm whether your current home and next purchase are in eligible states before you apply.

Eligible States

AZ, CO, DE, FL, IN, KY, MA, MN, NC, NH, NJ, SC, WA, WI

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Ineligible States

The current program is not available in these states.

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Availability is based on property location and may change. Every loan is subject to credit, property and underwriting approval.

Do You Have to Qualify for Both Homes?

Yes.

A bridge loan doesn’t eliminate the need to qualify financially. Your debt-to-income calculation generally considers:

Without a Bridge Loan

Sell → Move → Access Equity → Find Another Home → Buy

With a Bridge Loan

Access Equity → Buy → Move → Sell → Repay Bridge Loan

If selling first makes more financial sense, we’ll tell you. If bridge financing gives you a meaningful advantage, we’ll show you how the numbers work.

Frequently Asked Questions About Bridge Loans

Straight answers on equity, occupancy, eligible and ineligible states, appraisals, title, lien position, and both-property exceptions.

What is a bridge loan?

A bridge loan is short-term financing designed to help homeowners access equity from their existing home before it sells.

Why would I use a bridge loan?

The most common reason is to access money for the down payment and closing costs on your next home before your current home sells.

Is the bridge loan secured by my current home?

Yes. The program is generally secured by the departing residence and may be structured as a first or second lien.

How much can I borrow?

Current bridge loan amounts range from $50,000 to $500,000, subject to qualification.

How much equity can I access?

The maximum loan-to-value is generally 80%, subject to your existing liens and specific transaction.

What credit score do I need?

The current program requires a minimum 700 FICO score.

How long is the bridge loan?

The program is structured as a 6-month balloon loan.

Are the payments interest-only?

Yes. The bridge loan has interest-only payments during its short-term period.

When do I repay the bridge loan?

It is typically repaid when the current home sells or through another approved repayment strategy.

What if my home doesn’t sell within six months?

Extensions may be available subject to approval, program requirements and applicable fees. The current program allows extensions of up to four additional months.

Do I need to qualify for both homes?

Yes. Your qualification generally considers the bridge loan payment, existing housing expenses, new housing expenses and your other monthly debts.

What is the maximum debt-to-income ratio?

The current program generally allows a maximum 45% DTI.

Can I use a bridge loan for a second home?

Yes. Qualifying primary and secondary residences are permitted.

Can I use a bridge loan for an investment property?

The current program documents only primary and secondary residences as eligible occupancy types. Investment property is not in the current program.

What property types qualify?

Eligible properties currently include single-family residences and townhomes.

Which states are eligible for a bridge loan?

The current program is available in Arizona, Colorado, Delaware, Florida, Indiana, Kentucky, Massachusetts, Minnesota, North Carolina, New Hampshire, New Jersey, South Carolina, Washington and Wisconsin. We’ll confirm whether your current home and next purchase are in eligible states before you apply.

Which states are ineligible for a bridge loan?

The current program is not available in Alabama, Alaska, Arkansas, California, Connecticut, Georgia, Hawaii, Idaho, Illinois, Iowa, Kansas, Louisiana, Maine, Maryland, Michigan, Mississippi, Missouri, Montana, Nebraska, Nevada, New Mexico, New York, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, West Virginia or Wyoming. Availability is based on property location and may change.

Do I need an appraisal?

A full appraisal is generally required. Reduced appraisal requirements may be available by exception for certain lower-LTV transactions.

Is title insurance required?

Lender’s title insurance is required on bridge loans of $100,000 or more and on purchase transactions. Different title documentation may be permitted in certain smaller transactions.

Can the bridge loan be a second mortgage?

Yes. The bridge loan may be in first or second lien position.

Can I get bridge loans against both properties?

Potentially, but simultaneous bridge financing on both the departing and new residence requires an exception and additional risk review.

Does a bridge loan mean I don’t have to sell my existing home?

No. This program is designed around a clear exit strategy, typically selling the departing residence and paying off the bridge loan from the proceeds.

Don’t Let the Timing of Two Homes Control Your Move

You’ve found the house you want. The only problem is that the equity you need is still sitting inside the house you own.

A bridge loan may allow you to unlock that equity and make the move before your current home sells. We’ll look at the numbers and tell you whether a bridge loan makes financial sense for your situation.

Buy First. Sell Second.

See If I Qualify for a Bridge Loan
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