You’ve found the perfect next home, an ideal neighborhood, great schools, maybe even a home office or that second bathroom you’ve always needed. The only problem? Your current home hasn’t sold yet. For many buyers, this situation feels like a dead end. But it doesn’t have to be.
This is exactly where a bridge loan can make all the difference.
WHAT IS A BRIDGE LOAN?
A bridge loan is a short-term loan that “bridges the gap” between buying a new property and selling your current one. It gives you access to the equity in your current home before it sells, so you can use those funds toward the purchase of a new home.
Unlike traditional loans, which may require the sale of your existing property first, a bridge loan offers flexibility. You can move forward with your new purchase while still preparing your current home for market, on your schedule.
At its core, a bridge loan is a temporary solution designed to keep your plans moving, not stalled.
WHY HOMEBUYERS USE BRIDGE LOANS
Let’s break down a few common reasons buyers consider this type of loan:
1. Move Without the Pressure
Selling a home can take time, especially if you’re trying to get the best price. A bridge loan gives you breathing room to wait for the right offer rather than rushing to close just to secure financing for your next place.
2. Make a Stronger Offer
Sellers prefer buyers who don’t have contingencies. A bridge loan removes the need for a sale contingency in your purchase offer, making you a more competitive bidder in a tight housing market.
3. Avoid the Double Move
No one wants to move twice — into temporary housing while they wait to close on their new home. With a bridge loan, you can skip the storage units and short-term leases and move straight into your new space.
4. Take Your Time Preparing Your Home for Sale
Sometimes your current home needs a little work before hitting the market. Bridge loans allow you to handle repairs or updates after you’ve already moved out, which can lead to a better sale price and a smoother process.
LENDSURE’S BRIDGE LOAN PROGRAM
Once you understand how bridge loans work, the next step is finding a lender who offers the flexibility you need. At LendSure Home Loans, we’ve built a bridge loan program that’s tailored for real-life timing challenges.
Here’s what sets our program apart:
- No monthly payments for up to 12 months
- Bridge loan pays off the mortgage on the current home
- Use equity from your current home toward your new home purchase
- Quick pre-qualification — often in 24 to 48 hours
LOAN PROGRAM HIGHLIGHTS
Loan Amounts
- Loan amounts up to $2,000,000 for Primary Departing Residence
- Loan amounts up to $1,000,000 for Second Homes and Investment Properties
- Up to 65% loan-to-value for loan amounts over $1,500,000
Loan to Value
- Up to 75% loan-to-value for primary departing residence
- Up to 65% loan-to-value for second homes and investment properties
Not sure how much you could qualify for? Our Bridge Loan Calculator can give you an estimate in minutes.
HYPOTHETICAL SCENARIOS
To see how bridge loans work in action, here are a few examples of common buyer situations. These are fictional scenarios used for illustrative purposes only.
Scenario 1: Moving to a New State
James is relocating for work and finds the perfect home in his new city. His current house hasn’t sold yet, and he doesn’t want to risk losing the new property. With a bridge loan from LendSure, James is able to move forward with the purchase while continuing to market his old home — no double move required.
Scenario 2: Buying a Vacation Home
Sophia is looking to buy a second home in a popular vacation spot. She wants to take advantage of a rare opportunity, but her primary residence hasn’t been listed. A bridge loan allows her to close quickly and handle the sale of her first home later.
Scenario 3: Upsizing for a Growing Family
Maya and Carlos are expecting their second child and need more space. They’ve found the right home, but they’re still a few weeks away from listing their current one. A bridge loan gives them the flexibility to secure their next home now and avoid the stress of back-to-back closings.
IS A BRIDGE LOAN RIGHT FOR YOU?
Bridge loans aren’t for everyone. But if any of the following sound familiar, this type of loan might be a strong fit:
- You’ve found your next home before your current home has sold
- You want to make a non-contingent offer in a competitive market
- You’re looking for more flexibility with your timeline
- You’d prefer to move into your new home before preparing your old one for sale
- You have sufficient equity in your current home
THE LENDSURE ADVANTAGE
We know that buying and selling a home at the same time can be a lot to manage. That’s why we’ve designed our bridge loan process to be as smooth and supportive as possible.
Here’s what you get with LendSure:
- Fast, responsive service from experienced lending professionals
- Flexible loan terms tailored to your situation
- A no-pressure environment where you can explore options with clarity
- Real support from people who understand your goals
LendSure’s Bridge Loans are built to match your timing, so you can move forward without unnecessary delays.
ABOUT LENDSURE HOME LOANS
It’s simple. We make loans that make sense. We’re not in-the-box lenders. Of course, there are numbers, ratios, and data to consider, but we know that behind every file, there’s an individual with unique circumstances seeking a loan.
We’re redefining the mortgage experience one loan at a time. Thanks to our common-sense approach and dedicated lending team, we often say’ yes’ to today’s homeowners and investors.
Ready to explore how LendSure Home Loans can help you finance your next property? Contact us today.
