Bridge Loan Services
A simple solution to bridge the gap between the home you have and the home you want.
Compass ConciergeContact Us
A simple solution to bridge the gap between the home you have and the home you want.
BRIDGE LOAN SERVICES
1
Inquire directly with a bridge loan lender, such as Better Mortgage or Freedom Mortgage, to see financing options and if you qualify.
2
Apply to get pre-approved for a bridge loan with the lender of your choice, while searching with your Compass agent for your next home.
3
If approved for a bridge loan, learn more about getting the first six months of your bridge loan payments fronted via the Bridge Loan Advance by Notable, an independent lender.
4
If needed, use your approved bridge loan to strengthen your bid on a new home.
5
Move into your new home while your Compass agent works to sell your current home.
Use Compass Concierge home improvement services to sell your home faster and for more money.
6
When your old home sells, simply use the proceeds to pay back the bridge loan and Bridge Loan Advance.
The rates and fees for each bridge loan are determined by the lender. We recommend reaching out to a bridge loan lender directly to learn more. As a reminder, the bridge loan itself can be from any lender of your choice. If you are approved for the Bridge Loan Advance, it has a 0% APR for the life of the loan and has no additional application or closing fees.*
The Bridge Loan Advance can equal up to 6 months of monthly payments and eligible closing costs incurred from the bridge loan.* Eligible closing costs include: (1) the dollar value of any points paid upfront, (2) origination or application fees where applicable; and (3) appraisal fees.
The Bridge Loan Advance is available exclusively for qualified clients with a traditional bridge loan who are working with a Compass agent to sell their existing primary residence.*
Whether you're buying or selling, we'd love to help make dealing in real estate one of your favorite endeavors!
