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 well established industry 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.
Contact Judy to learn more about Bridge Loan Services.
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.
Of potential buyers for your
home likely need to sell their
own home in order to buy*
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
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.*
Does a bridge loan make sense for you?
Is your money tied up in the equity of your current home?
Do you need to move within a specific timeframe?
Does your home require renovations or other work?
How It Works
01. Inquire directly with a bridge loan lender, such as Better Mortgage or Freedom Mortgage, to see financing options and if you qualify.
02. 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.
03. 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.
04. If needed, use your approved bridge loan to strengthen your bid on a new home.
06. 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 is a well established industry lender who offers short-term financing and is a part of Compass Bridge Loan Services.
Compass Bridge Loan Services gives homeowners the purchasing power to make an offer on a new home without waiting to sell their existing one. With BLS, I can help browsing homeowners access their equity to become more serious buyers when they see a home like yours on the market.
Compass is not a lender, does not provide bridge loans and has no influence on underwriting or lending decisions made by the third party lenders.
*National Association of Realtors, 2019.