What Is a Bridge Loan?

Bridge Loan Meaning

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Bridge Loan Definition

A bridge loan is a short-term financing option that helps homebuyers purchase a new home before selling their current one by providing access to home equity for the down payment.

Typically lasting 6 to 12 months, these bridge loans offer flexibility when timing doesn't align but may have higher interest rates and specific terms.

They are intended as temporary solutions; not long-term financing. Assistance is available for those navigating buy-sell situations to ensure a smooth transition.

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Bridge Loan Definition Author

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Kristina Morales

Real Estate Contributor

Kristina Morales is the Real Estate Contributor at Loanfully, an online educational resource for borrowers and industry professionals. Kristina is both a licensed mortgage loan originator and real estate agent in the State of Ohio. Inspired by her years of working with buyers and sellers and seeing a need for more consumer education, Kristina created loanfully.com. In addition to real estate sales and mortgage lending, Kristina had an extensive corporate career in banking, treasury and corporate finance. She ended her corporate career as an Assistant Treasurer at a publicly traded oil & gas company in Houston, TX. Kristina obtained her MBA from the Weatherhead School of Management at Case Western Reserve University and her B.A in Business Management from Ursuline College.

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