Looking for a simple solution to bridge the gap between the home you have and the home you want? A bridge loan is a short-term loan that uses the equity from your current home to help you make an offer on a new one, without rushing to sell. It’s just another one of many, many reasons that I am proud to be a Compass agent: exclusive offerings that provide my clients with solutions to facilitate their buying and selling of real estate.
Our Solution
After months of research, Compass has selected lenders that are offering competitive rates and dedicated service for Compass clients. Already working with a lender you love? No problem. This unique solution lets you choose the provider that works best for you.
“We see initiatives like Compass Bridge Loan Services as an investment in the overall Real Estate ecosystem” - Robert Reffkin, Founder + CEO
No out-of-pocket costs
Work with a Compass agent to sell your current home and get up to six months of your bridge loan payments and other associated costs fronted — an exclusive offering for Compass clients, regardless of the lender you use.*
How do you know if a bridge loan makes sense for you?
Is your money tied up in your current home?
If you need to move but your money is tied up in the equity of your current house, a bridge loan can help you secure funding to facilitate the transition to a new home — like for a down payment or mortgage payments. Once your current home sells, you’ll use the proceeds to pay the bridge loan back.
• Do you need to move within a specific timeframe?
If you’re relocating for a new job or other reason, a bridge loan can afford you the freedom to move on your own terms and secure a new house when you need to, without having to wait for your old home to sell.
• Does your home require renovations or other work?
Whether you’re using Compass Concierge to increase your home’s value, or are making improvements on your own, it may be easier to have construction work done when you’re out of the house. A bridge loan can help you move faster so you’re out of the house while those improvements are being completed.
How it works
Compass Bridge Loan Services gets you to access to competitive rates and dedicated support from industry-leading lenders, with the exclusive option to get up to six months of your loan payments fronted when you sell your home with me.
- Work with me to find your next dream home.
- Apply and get approved for a bridge loan with the lender of your choice.
- Work with me to get the first six months of your bridge loan payments fronted.
- Move into your new home while I work to sell your current home faster and for more money.
- When your old home sells, simply use the proceeds at closing to pay back the bridge loan and any fronted monthly payments
Curious to learn more? Contact me to discuss how Compass Bridge Loan Services could help you. Contact me today: [email protected]
*The no-out-of-pocket costs offering for Compass clients is a loan provided by Notable Finance, LLC, NMLS# 1824748, and is available to all eligible Compass clients working with the Bridge Loan lender of their choice. Loan eligibility is not guaranteed and all loans are subject to credit approval and underwriting by Notable. Loans made or arranged pursuant to a California Finance Lenders Law license. Compass is not a lender and is not providing loans as part of Compass Bridge Loan Services.
Information regarding lenders that offer short-term Bridge Loan financing is provided for informational purposes only and does not constitute an endorsement of the particular lenders referenced. Compass cannot guarantee that these institutions will be able to assist and does not assume any responsibility as to the performance of services to be provided by these institutions. There are no requirements that you participate in the Compass Bridge Loan Services or obtain a loan from these providers to participate in any other Compass programs (such as Compass Concierge). Speak to your Bridge Loan lender about all the costs you may be responsible for in connection with your Bridge Loan.
