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

Adele F. | Manhattan Beach

"We were very impressed with Andrea when we first met with her. She sat down with my husband and me and listened to what we wanted. She listened to how much we wanted to spend, what size condo we wanted, and the location that we were desiring. She spent time with us in choosing the properties that we wanted to see and then drove us around for several hours looking at these different properties. It was our first time in this location so she also spent time showing us the different parts of the city we were interested in so we were clear on what area we wanted to live in. She has been very patient with us as it is difficult for us to meet with her, but she has always stayed in contact with us."

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

At The McCracken Group, we know that buying or selling a home is a very personal event - often a family affair. Our mission is to make the experience as pleasant, friendly and efficient as possible. We speak up for and act on what’s right for our client in every aspect of the real estate transaction.

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