Bridge Loan Service

A simple solution to bridge the gap between the home you have and the home you want

Compass Bridge Loan Services provides access to competitive rates and dedicated support from industry-leading lenders, with the exclusive option to get up to six months of your bridge loan payments fronted when you sell your home with a Compass agent.

Learn how Geneva can help
sell your home faster and for
a higher price with Concierge.

Geneva Bumb Shanti

DRE#: #02048902

geneva.shanti@compass.com
M: 415.377.2847

Work with Geneva

What’s a bridge loan?

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.

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.

 

Bridge Loan
Advance

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.

Does a Bridge Loan
Make Sense For You?

Is your money tied up in the equity of your current home?

Our goal is for Concierge to help as many clients as possible. The program is intentionally flexible; we’ve developed Concierge to be used with most vendors for your convenience.

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

  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.

Next Step: Finding a Lender

While Compass clients are encouraged to find the best lender for them, Freedom Mortgage and Better Mortgage are industry-leading lenders who offer short-term financing and are a part of Compass Bridge Loan Services.

When looking for a mortgage, it’s important to find a company that specializes in mortgages above all else, and to find a lender that can address your unique home-buying or refinancing needs, regardless of how unique your circumstances may be. That’s the Freedom Mortgage difference.

Freedom Mortgage
The Mark Maimon Team
855-915-8500
thebridgeloanguy@freedommortgage.com

Available to serve customers in all states.

Learn More

Better Mortgage is making homeownership simpler, faster, and most importantly, more accessible for all Americans. No commission, an easy digital process, and award-winning service are just a few of the ways Better Mortgage is redefining what it looks like to get a mortgage.

Better Mortgage
Better Bridge Loan Team
844-875-1234
bridgeloans@better.com

Available to serve clients in all states except MA, VA, VT, NH, HI, MN and NV.
More states coming soon.

Learn More

Success story

Melissa, Seller | New York City

“We thought our former home would sell quickly. When it didn’t, the bridge loan became the crucial piece that allowed us to close on the purchase of our new home. We were surprised at how quickly everything went through — it was a no-brainer.”

Individual results may vary. Testimonials are not intended to guarantee the same or similar results.

Your questions, answered

What rates and fees accompany a bridge loan?

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.*­­

What is covered by the Bridge Loan Advance?

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.

Who is eligible for the Bridge Loan Advance?­

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.*­­

Contact Geneva

Contact Geneva

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