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 us.
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.
How Compass Bridge Loan Services works
After months of research, Compass has selected lenders that are offering competitive rates and dedicated service for our clients. If you’re already working with a lender you prefer, you can choose the provider that works best for you.
No out-of-pocket costs
Work with us 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 our clients, regardless of the lender you use.*
How to get started
- Work with Z Chicago to find your next dream home.
- Apply and get approved for a bridge loan with the lender of your choice.
- Move into your new home while we work to sell your current home. Our sellers can use Compass Concierge home improvement services to help sell your home faster and for more money with no upfront costs!
- When your old home sells, simply use the proceeds to pay back the bridge loan and any fronted monthly payments.
Does a bridge loan make sense for you?
Is your money tied up in your current home?
If you need 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’ll 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.
Next step: find a lender
While our clients are encouraged to find the best lender for them, Freedom Mortgage and Better.com are industry-leading lenders who offer short-term financing and are a part of Compass Bridge Loan Services.
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. That’s the Freedom Mortgage difference.
Available to serve customers in all states.
Better.com is making homeownership simpler, faster, and most importantly, more accessible for all Americans. No commission, an easy digital process, and award-winning service are just a few of the ways Better.com is redefining what it looks like to get a mortgage.
Available to serve clients in all states except NY, MA, VA, VT, and NH. More states coming soon.