A bridge loan may make sense if:
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
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.
Your equity estimate will show here
Enter value, balance, and requested amount, then calculate. This is not an approval.
Estimated available equity at 80% CLTV
Estimate only. Actual available equity depends on appraisal, liens, occupancy, credit, DTI, and underwriting. Every loan is subject to approval.
Access equity from your current home for the down payment on the next property.
Use available proceeds toward eligible costs associated with purchasing the new home.
Avoid depending entirely on the exact timing of your existing home’s sale.
The bridge loan program is available for qualifying:
Your new main home.
A qualifying secondary residence. Investment property is not in the current program.
Property eligibility and loan structure are subject to underwriting approval.
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.
AZ, CO, DE, FL, IN, KY, MA, MN, NC, NH, NJ, SC, WA, WI
The current program is not available in these states.
Availability is based on property location and may change. Every loan is subject to credit, property and underwriting approval.
Yes.
A bridge loan doesn’t eliminate the need to qualify financially. Your debt-to-income calculation generally considers:
The maximum debt-to-income ratio for this bridge loan program is generally 45% . We’ll calculate this before you make a decision so you know whether the strategy works.
The current program requires a minimum:
700
Credit score is only one part of the qualification process. We’ll also evaluate home equity, income, monthly debts, the new home purchase, and your exit strategy.
This program is structured as an interest-only loan with a 6-month balloon. The loan is typically paid off when your current home sells. Another predetermined repayment strategy may sometimes be used, but there needs to be a clear plan for paying off the bridge loan.
Extensions may be available depending on the circumstances and program approval. The current program allows extensions of up to four additional months, subject to applicable extension fees and approval.
A bridge loan isn’t automatically better. It simply gives qualified homeowners another option.
Sell → Move → Access Equity → Find Another Home → Buy
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.
Straight answers on equity, occupancy, eligible and ineligible states, appraisals, title, lien position, and both-property exceptions.
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.