A simple solution to bridge the gap between the home you have and the home you want.
A simple solution to bridge the gap between the home you have and the home you want.
BRIDGE LOAN SERVICES
A simple solution to bridge the gap between the home you have and the home you want.
Compass Bridge Loan Services gets you 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 a Compass agent.
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 Advantage
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.*
If you want 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 can use the proceeds to pay the bridge loan back.
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.
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.
1.
Inquire directly with a bridge loan lender, such as RoundPoint 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.
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
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, NC, WY, ID, and NV.
More states coming soon.
Philip, Seller | Mountain View, CA
"I have known Vahe for a long time outside of the real estate world, so I already knew I could trust and rely on him from a professionalism perspective when it came time to sell my townhouse and do my first transaction with his help.
And I was not disappointed! Even though this was during a seller's market we agreed to do a methodical, detailed process to get the unit ready, working around tenants in place, fixing things that needed fixing and generally getting the unit in peak condition. It paid off - with Vahe's help we sold it in less that one week for 20% over the sale of a similar unit just 2 months before, with an all-cash, no contingencies offer."
Individual results may vary. Testimonials are not intended to guarantee the same or similar results.
*The Bridge Loan Advance 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. Notable's phone number for applicants only: 833-615-0249. 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 which 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.
Vahe is committed to treating everyone with Honesty, Integrity, Professionalism, and Care. His goal is to assist his clients to achieve their dreams.
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