Buying a new home while selling your current one can feel like a juggling act. You’ve found the perfect place, but your equity is tied up in your existing home. How do you cover the down payment or closing costs without draining your savings or worse, missing out on your dream home?

That’s where a Bridge Loan comes in.

What Is a Bridge Loan?

A Bridge Loan is a short-term, interest-only loan that lets you tap into the equity in your current home while it’s listed for sale. Think of it as a financial “bridge” between selling your old home and buying your new one. With Mortgage Center’s Credit Union-Exclusive Bridge Loan, you can:

  • Access $20,000 to $250,000 in equity
  • Use funds for down payments, closing costs or other upfront expenses
  • Manage cash flow confidently with 12 months of interest-only payments, and the balance due at the end of the term

No private mortgage insurance. No escrow. Just flexibility when you need it most.

Why It Makes Sense

Timing is everything in real estate. According to the National Association of Realtors, 67% of repeat buyers use proceeds from their previous home to fund their next purchase. But what happens if your home hasn’t sold yet? Without a solution, you could:

  • Miss out on your next home
  • Struggle to cover two mortgages
  • Dip into retirement or emergency savings

A Bridge Loan helps you avoid those pitfalls by giving you access to your equity now, not later.

For example…

Scenario 1: The Perfect Home Pops Up You’ve listed your current home, but it’s still on the market. Suddenly, your dream home hits the MLS. With a Bridge Loan, you can make a competitive offer without waiting for your sale to close.

Scenario 2: Covering Upfront Costs Moving isn’t cheap. Between closing costs, inspections and movers, expenses add up fast. A Bridge Loan gives you breathing room so you can handle these costs without financial stress.

Fast Facts

  • Term: 12 months, interest-only
  • Loan Amount: $20,000–$250,000
  • Occupancy: Primary residence only
  • Credit Score: Minimum 620
  • Max LTV: Up to 100% for single-family homes

Is a Bridge Loan Right for You?

If you’re buying and selling at the same time, a Bridge Loan can make the process smoother and less stressful. It’s not about taking on more debt, it’s about creating flexibility when timing matters most.

Wondering if a Bridge Loan is the right choice for your next home? Get in touch with me to ask any questions you might have, or start a new application today!

Heads up: Some of our loan products may not be available in your state. Want to know what’s available for you? Just reach out—we’re happy to help!