Bridge Financing
Need to buy your new home before selling your current one? Bridge financing helps you bridge the gap between closing dates so you don't miss out on your dream home.
Get Bridge FinancingWhat Is Bridge Financing?
A bridge loan is a short-term financing solution that "bridges" the gap when you need to close on a new property before receiving the proceeds from selling your current home.
Short-Term Solution
Typically 1 day to 6 months, designed to cover the gap between transactions.
Secured by Equity
Uses the equity in your current home as collateral for the loan.
Quick Funding
Fast approval and funding so you can close on your new home on time.
Flexible Terms
Customized solutions based on your specific closing date timeline.
How Bridge Financing Works
Review Timeline
We analyze your closing dates and determine bridge loan requirements.
Document Collection
Gather sale agreement and purchase documents for both properties.
Quick Approval
Fast-track approval process to meet your closing deadlines.
Seamless Transition
Funds released on time so you can close on your new home.
Frequently Asked Questions
How much does bridge financing cost?
Bridge loans typically have higher interest rates than traditional mortgages (often prime + 2-4%). You'll also pay an administration fee and legal fees. However, since the loan is short-term, the total cost is usually manageable.
What if my home sale falls through?
This is why lenders require a "firm" sale agreement (no conditions). If the sale falls through due to buyer default, you may need to find alternative financing or potentially sell the new property.
Can I get bridge financing without selling my current home?
Traditional bridge financing requires a firm sale. However, if you have significant equity, we can explore private lending options that don't require a sale in place.
How quickly can I get bridge financing?
With all documentation in place, bridge financing can often be arranged within a few days. Bank bridge loans are typically arranged alongside your new mortgage.
Don't Miss Your Dream Home
Get a free consultation to understand your bridge financing options.