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Bridge Loans

Buying one home and selling another?

You may need a bridge loan.

Ready to get started?

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Existing Loan App

How can a bridge loan help you?

A bridge loan is usually for people who own their current home and are free of any mortgage payments. Generally, they want to use their home’s equity to make home improvements on a current home and/or a new home they’re purchasing, before they sell their current home. Or, they want to use their home’s equity to make a down payment on a new home before they sell their current one.

At TFCU, bridge loans:

  • Allow you to cash out up to 80% of your home’s equity.
  • Are good for 12 months.

Talk to a TFCU home loans expert to see if a bridge loan may be right for you.

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Woman looking at papers with a laptop

"A bridge loan is the 'bridge' to help you cover closing costs and down payment from selling a home to buying a home."

– Mary Bailey, TFCU Mortgage Originator

Step by Step

You can count on TFCU’s mortgage team to help throughout the lending process. To speed things up with your online application, you might gather these items in advance.

  • Your social security or tax ID.
  • Your income and employment history.
  • Bank account information.
  • Current debt.
  • Details on brokerage accounts.
  • Details on other real estate you own.
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