Bridge Loan Services

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

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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.

Bridge the Gap Between the Home You Have & The Home You Want

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.

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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.*

Does a Bridge Loan Make Sense for You?

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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.

Your Questions, Answered

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Success Story

Gary

"I had a fabulous experience working with Sheila selling my home. She helped me tremendously with all of the extra challenges of selling a home from 2,500 miles away. She found fantastic people to complete every task of repair, met people at the house, provided me her styling expertise picking out new carpet, and truly gave me great advice! I am very happy with how smooth the entire transaction went and would highly recommend her to anyone else needing a great Realtor® in Charlotte! Thank you Sheila for all of your help and for making this as simple as it could be!"

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

Next Step: Finding a Lender


*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.

Work With Us

With a billion in closed sales, our team of local experts are ready to help you find your perfect home and neighborhood, advise on property investments, or sell your home for top dollar. We want to be your go-to resource for everything in Charlotte real estate.

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