Compass Bridge Loan Services
Are you thinking of buying a home, but can’t sell your current one yet?
Do you need to close on a property, but don’t have the funds available?
Compass offers a simple solution to bridge the gap between the home you have and the home you want with Compass Bridge Loan Services.
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.
Compass Bridge Loan Services makes sense if any of the following fit your situation:
- Your money is tied up in your current home: if your money is tied up in the equity of your current home, Compass Bridge Loan Services allows you to secure funds for a down payment for your new home.
- You need to move within a specific timeframe: if you’re moving for a new job or other reason, Compass Bridge Loan Services enables you to sell your existing home on your schedule. You don’t have to wait for your existing home to sell before buying one in your new city.
- Your home requires renovation or other work: if you’d like to fix up your current home before selling and you don’t want to live in a construction zone, Compass Bridge Loan Services will enable you to purchase your new home while you’re getting your existing home ready for market.
With Compass Bridge Loan Services you get access to competitive rates and dedicated service from industry-leading lenders. Here are just some of the benefits:
No out-of-pocket costs
Get up to six months of your bridge loan payments and other associated costs fronted when you sell your home with a Compass agent like me. This is exclusive for Compass clients, regardless of the lender you use.*
Get access to Compass Concierge
Increase your home’s value with Compass Concierge, another innovative real estate solution by Compass that lets you make home improvements without any upfront costs to you. With Compass Concierge and Compass Bridge Loan Services, you can you settle in your new home while the contractors do their magic. Your Compass agent will take care of selling your home and then you can pay the bridge loan with the proceeds from the sale.
Does a bridge loan sound like the right option for you? Let’s chat.
*The no-out-of-pocket costs offering 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. 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.