Bridge Loan Services
Bridging the Gap Between Your Current Home and Your Dream Home
I’ve partnered with Compass to provide superior bridge loan services that help buyers secure short-term financing from industry-leading lenders. I can even front up to six months of your bridge loan payments when you sell a home with me!
What Is a Bridge Loan?
Simply put, a bridge loan is a type of short-term mortgage that uses the equity from your current property to help you make an offer on a new one. This is an ideal option for buyers who have found the right home but aren’t in a rush to sell.
Success Stories
I’ve worked with Compass to select lenders that offer both competitive bridge loan interest rates and premier customer service. If you’re already working with a lender you love, our program is also usable with a provider of your choice.
Bridge Loan Advance
When you work with me to sell your home, Compass will help front up to six months of your bridge loan payments and other associated fees. This is an exclusive opportunity that’s only available to my sellers!
Does a Bridge Loan Make Sense for You?
Is your equity stuck in your current home?
If you want to move without cashing out on the equity in your current home, a bridge loan can help you temporarily secure financing and serve as a down payment. Once you do sell your home, you can use your profits to pay the bridge loan back.
Do you need to move on a tight timeline?
If you need to relocate but don’t have time to sell your home, a bridge loan can provide the initial funding you need to move on your own terms.
Is your home not market-ready?
Making a few improvements may dramatically increase your home’s value. If you combine my bridge loan services with Compass Concierge, you’ll have the ability to move into your new home while getting your current home market-ready, all at no upfront cost to you.
How It Works
- 01 Contact one of my recommended bridge loan lenders or a lender of your choice to see if you qualify.
- 02 Get pre-approved for a bridge loan as you search for a home of your choice.
- 03 Upon approval, you may also be able to get your first six months of your loan fronted through Notable’s Bridge Loan Advance program.
- 04 If needed, use your bridge loan to strengthen your offer on your next home.
- 05 Get the keys to your new home and work with me to get your other property on the market.
- 06 When you sell your former residence, you can use the profits to pay back your bridge loan and Bridge Loan Advance.
Choosing the Right Lender
Before choosing a lender, it’s always important to shop around for the best deal. However, I have a few providers that I like to recommend to my clients. Freedom Mortgage and Better Mortgage offer some of the industry’s most competitive bridge loans, and I’d be happy to provide more information about their services.
While Compass clients are encouraged to find the best lender for them, Freedom Mortgage and Better Mortgage are industry-leading lenders who offer short-term financing and are a part of Compass Bridge Loan Services. When looking for a mortgage, it’s important to find a company that specializes in mortgages above all else, and to find a lender that can address your unique home-buying or refinancing needs, regardless of how unique your circumstances may be. That’s the Freedom Mortgage difference.
Better Mortgage is making homeownership simpler, faster, and most importantly, more accessible for all Americans. No commission, an easy digital process, and award-winning service are just a few of the ways Better Mortgage is redefining what it looks like to get a mortgage.
844-875-1234
bridgeloans@better.com
Available to serve clients in all states except MA, VA, VT, NH, HI, MN and NV. More states coming soon.
Success story
Melissa, Seller | New York City
“We thought our former home would sell quickly. When it didn't, the bridge loan became the crucial piece that allowed us to close on the purchase of our new home. We were surprised at how quickly everything went through — it was a no-brainer.”
Individual results may vary. Testimonials are not intended to guarantee the same or similar results.
Frequently Asked Questions
What rates and fees are associated with a bridge loan?
Rates and fees can vary and are set by each individual lender, so it’s best to reach out to different companies for more specific information. If you’re approved for a Bridge Loan Advance, you’ll enjoy 0% APR throughout the duration of the loan, as well as no additional application or closing fees.*
What is covered by the Bridge Loan Advance?
The Bridge Loan Advance program can pre-fund up to six months of monthly payments and various associated costs incurred from your loan. Eligible closing costs include the dollar value of any points paid upfront, origination or application fees, and appraisal fees.
Who is eligible for the Bridge Loan Advance?
The Bridge Loan Advance program is only available to clients with a traditional bridge loan who are also working with me to sell their existing primary residence.*
*The Bridge Loan Advance for Compass clients is a loan provided by Notable Finance, LLC, NMLS# 1824748 and is available to all eligible Compass clients working with the Bridge Loan lender of their choice. Notable's phone number for applicants only: 833-615-0249. Loan eligibility is not guaranteed and all loans are subject to credit approval and underwriting by Notable. Loans made or arranged pursuant to a California Finance Lenders Law license. Compass is not a lender and is not providing loans as part of Compass Bridge Loan Services.
Information regarding lenders which offer short-term Bridge Loan financing is provided for informational purposes only and does not constitute an endorsement of the particular lenders referenced. Compass cannot guarantee that these institutions will be able to assist and does not assume any responsibility as to the performance of services to be provided by these institutions. There are no requirements that you participate in the Compass Bridge Loan Services or obtain a loan from these providers to participate in any other Compass programs (such as Compass Concierge). Speak to your Bridge Loan lender about all the costs you may be responsible for in connection with your Bridge Loan.
