Buy Before You Sell. Move on Your Timeline.
When the right home comes along before your current one sells, or you're moving to South Carolina before your job starts, the financing has to fit the timing. Bridge financing lets you tap your current home's equity and make a cleaner, non-contingent offer, and our relocation options handle the timing, income, and distance problems that come with a move.
*Available on qualifying programs; eligibility, loan amounts, leverage, documentation, occupancy, and terms vary by program, property, and borrower profile.
Reviewed by Taylor Cabaniss, Founder & Mortgage Broker, NMLS #910852Updated
Bridge Loan
A short-term loan secured by the home you already own, used to access its equity for your next purchase and repaid when it sells.
- Loan amounts up to $2,000,000 on qualifying programs, with leverage based on your current property's value
- Your current property may be a primary residence, second home, or investment property
- No income or employment documentation required on qualifying programs
- 12-month term with no monthly payments, interest is deferred and paid at payoff; extensions may be available, conditions apply
- Secured by your current property, never the home you're buying
Payments and costs during the overlap: the bridge loan requires no monthly payments, but interest still accrues and is paid from your sale proceeds at payoff, so the longer the bridge is outstanding, the less you net from the sale. You may also be paying your new mortgage, and any remaining financing on your current home, during the overlap. The 12-month term works best when you expect to sell within that window; extensions may be available case by case, with conditions, so it's wiser not to build your plan around one. We'll lay out your monthly obligations and an estimated payoff before you commit.
Bridge HELOC
A line of credit against your current home, draw only what the next purchase needs.
- Loan amounts up to $1,000,000 on qualifying programs
- Primary residences, single unit; first or second lien
- Documented income and employment required
- Interest-only during a 10-year draw period, then a 20-year repayment period, a longer runway if your home takes time to sell
A HELOC's rate can change over time, and making interest-only payments during the draw period does not reduce principal. Payments may increase when the repayment period begins.
Buying a higher-value home? On qualifying super jumbo programs, you can pledge your current home as additional collateral on the new home's mortgage instead of using a separate bridge. Both homes secure the loan until the program's release conditions are met, and the loan is adjustable-rate. See Buy-Before-You-Sell Jumbo Options
Relocating to South Carolina
Relocation isn't a loan type, it's three problems. Here's how each gets solved.
- Timing: bridge financing lets you buy here before you sell there.
- Income: on qualifying programs, close up to three months before your new job begins using an eligible signed offer letter. 1099 and No-DTI options help when your income is in transition.
- Distance: remote and out-of-state closing options on qualifying transactions, and we coordinate with your agent, title company, and insurance.
Military & PCS Moves
We work with service members relocating to Joint Base Charleston, MCAS Beaufort, Parris Island, Shaw Air Force Base, and Fort Jackson.
- VA financing with 100% financing available on loan amounts up to $2,000,000 for eligible borrowers
- No private mortgage insurance; VA funding fees may apply unless the borrower is exempt
- Remote closing options for service members who can't travel before the move
How This Can Work
A Mount Pleasant family finds the right house, but their current home isn't listed yet. A bridge loan taps their current home's equity for the down payment, so they write a clean offer, move once, and sell afterward.
Frequently Asked Questions
On qualifying transactions, yes. Bridge financing lets you access your current home's equity before it sells. You'll carry both properties for a period, and we'll show you what the overlap looks like before you commit.
It comes down to amount, documentation, and timing. The bridge loan goes up to $2,000,000, doesn't require income documentation on qualifying programs, and has a 12-month term with no monthly payments. The Bridge HELOC goes up to $1,000,000 on primary residences, requires documented income, and has a 10-year draw period.
Your current property. The bridge loan is never placed on the home you're buying.
On qualifying programs, yes, up to three months before your start date using an eligible signed offer letter.
Often, yes. Remote and out-of-state closing options are available on many transactions, depending on the lender, the closing setup, and the transaction.
Let's TalkTell Us About the Move.
The home you're buying, the one you're leaving, and the timeline between them. We'll show you how to sequence it.