top of page

Bridge the gap between the home you have and the home you want.

Bridge Loan Services

COMPASS Bridge Loan Service

A bridge loan offers a straightforward solution to connect the gap between the home you currently own and the dream home you aspire to acquire. This short-term financial tool leverages the equity in your existing property, allowing you to confidently make an offer on a new home without the pressure of hastily selling your current one. It offers homeowners the flexibility and peace of mind needed to navigate the transition between homes, ensuring a smoother and more seamless housing journey.

stairway to home
  • How does it work?
    You and your agent work together to decide which services can increase your home’s value the most and set an estimated budget for the work. When you're ready to start, your Compass agent will be by your side as you engage vendors and commission work. Once the transformation is complete, your home will go on the market. You'll pay for the services when one of the following happens — your home sells, you terminate your listing agreement with Compass, or 12 months pass from your Concierge start date.
  • Are there any services not covered by the program?
    Our goal is for Concierge to help as many clients as possible. The program is intentionally flexible; we've developed Concierge to be used with most vendors for your convenience.​
  • When do I have to pay for these services?
    You’ll pay once one of the following happens (whichever occurs first): - Your home sells - You terminate your listing agreement with Compass - 12 months pass from your Concierge start date.
  • How can I participate in the program?
    Easy! Call your Compass agent today to find out how to participate. Not yet working with one? Use the form to get started.
  • Is your money tied up in the equity of your current home?
    If you want to move but your money is tied up in the equity of your current house, a bridge loan can help you secure funding to facilitate the transition to a new home — like for a down payment or mortgage payments. Once your current home sells, you can use the proceeds to pay the bridge loan back.
  • Do you need to move within a specific timeframe?
    If you're relocating for a new job or other reason, a bridge loan can afford you the freedom to move on your own terms and secure a new house when you need to, without having to wait for your old home to sell.
  • Does your home require renovations or other work?
    Whether you're using Compass Concierge to increase your home's value, or are making improvements on your own, it may be easier to have construction work done when you're out of the house. A bridge loan can help you move faster so you're out of the house while those improvements are being completed.
  • How do you find a lender offering bridge loans?
    When looking for a mortgage, it's important to find a company that specializes in mortgages above all else, and to find a lender that can address your unique home buying or refinancing needs, regardless of how unique your circumstances may be. We can help. 855-MM-BRIDGE (855-662-7434) Bridgeloans@njlenders.com Company NMLS #35286 Licensed In: CA, CO, CT, DC, DE, FL, GA, MA, MD, NC, NH, NJ, NY, PA, RI, TN, TX, VA, (more coming soon).
bottom of page