Build Home Equity

Is a bridge loan right for you?

When it’s time to buy a new home, the real estate market can feel fast-paced and stressful. The current purchase market is competitive, with limited inventory and increased demand. If you’re an existing homeowner, you may feel stuck trying to buy and sell at the same time because your funds are tied up in your current home, or you’re worried about timing.

A Bridge Loan can help you maximize flexibility with your home financing so you:

  • Feel empowered to make the strongest offer, now
  • Avoid making a sale-contingent offer
  • Sell your current home on your timeline

What’s a bridge loan?

Also called gap financing, interim financing or swing loans, bridge loans provide short-term home financing for a new home purchase with your current home serving as collateral. A bridge loan lets you fund a down payment and closing costs on a new home before selling your current home. In effect, it “bridges the gap” and gives you added flexibility with home financing.

Three ways bridge loans help current homeowners buy a new home

Improve Your Offer

Formal pre-approval on your bridge loan and an ability to close quickly bolster your qualifications to buyers. Once approved, you can move quickly on both transactions because you’ll have timely access to funds. In a competitive market with multiple offers on a property, this makes your bid even more appealing to sellers.

With Fremont Bank, you can also get complimentary pre-approval for your Bridge Loan on your existing home and the primary mortgage on your new residence at the same time. Our underwriters review your loan qualifications, ensuring you have the strongest pre-approval letter possible.

Avoid a Contingency Clause and Close Quick

Bridge loans eliminate the need for a contingency clause. Your offer is based on cash available from your current home’s equity. A bridge loan removes the stressful wait and the risk of a contract getting canceled because your existing home didn’t sell in time. You can go in with your strongest offer and not risk still scaring off a seller with a contingency clause.

You may also be able to take advantage of our On-Time Closing Guarantee*. If your transaction qualifies, we’ll pay you $1000.00 if we don’t close your purchase loan on time.

Remove the Stress of Buying and Selling Simultaneously

Once your loan is secured, you have time to do repairs and prepare your current home for sale or relax the timeline on moving into your new home. This relieves stress for homebuyers who currently own a home, ensures you don’t miss out on a dream property, and allows you to ready your current home for sale, so you get the best offer possible. Plus, you won’t need temporary housing because your closing dates don’t line up.

Our Bridge Loan Program offers competitive rates on your purchase loan plus up to 12 months of financing with interest-only payments on the bridge loan.

For more than 50 years, we’ve helped home buyers get their offers accepted by providing leading lending solutions in the Bay Area. Helping you succeed in buying your dream home is one of our dreams. That’s why we’re so excited about our Bridge Loan Program. Let’s see what we can do for you!

Want to learn more?

Call us today at 866-979-4432 or click here and request a free consultation. We’re excited to talk with you!


* This Guarantee is not a mortgage loan approval or a commitment to lend and is subject to certain exceptions as set forth above and contingent upon your prompt satisfaction of all underwriting guidelines and loan conditions and providing requested documentation in a timely manner. Guarantee does not apply if the Borrower’s loan application is denied or withdrawn. Guarantee is subject to applicable federal, state and local law, not assignable or transferable. Void if delays due to weather or an act of God. We reserve the right to withdraw, terminate, or amend this Guarantee at any time without notice except for those eligible loan applications submitted and received by Fremont Bank prior to any changes to the terms and conditions of the On Time Closing Guarantee. Fremont Bank associates are not eligible for this offer.