Bridge Loans

Why a Bridge Home Loan?

Buy first.
Sell after.

The NextMove bridge loan uses the equity in your current home so you
can write a non-contingent offer on your next one. No rushed sale,
no home-sale contingency, and no double moves.

The timing gap

Your dream home is on the market now, but your current home
hasn’t sold yet.

The contingency risk

Home-sale contingencies get outbid. Sellers pick certainty
over promises.

Be ready

NextMove lets you move on your timeline, not the market’s.

Why consider a Bridge Loan?

Move with more flexibility and less pressure.

Bridge financing is designed to help close the timing gap between
buying your next home and selling your current one.

Understands your current debts

How can you qualify? With the Bridge Loan, the mortgage payment
on your current home is excluded from the debt considered when
qualifying for the loan.

Provides equity

The Bridge Home Loan provides the equity needed for a down payment.
It looks at your current home as an asset which helps you qualify,
also known as cross-collateralization.

Don’t wait

The Bridge Loan will allow you to buy your dream home while it’s
still on the market. If you have to wait for the sale of your
current home, or make an offer with a home sale contingency clause,
you could miss out.

Avoid the home sale contingency clause

An offer with a home sale contingency clause can be less attractive
because it may cause delays for the seller, who may also want to
use proceeds from the sale to purchase their next home.

Avoid temporary living quarters

The Bridge Home Loan gets you into your dream home without having
to rely on selling your current home first. If you sell before
finding your next home, you may otherwise find yourself needing
temporary living arrangements between moves.

Reduce the pressure to sell

The Bridge Home Loan relieves some of the pressure of time and
gives you the chance to wait for an ideal offer on your current
home instead of feeling pressured to accept whatever comes in.