HomeLight

JULY 24, 2025

It’s often used by homeowners who need access to their equity to make a down payment or cover closing costs on a new place — without having to wait for the sale of their old home. Rather than miss out on your new purchase, you can tap into your existing home’s equity to cover the down payment and closing costs for your next property.

Equity

HomeLight

JULY 24, 2025

It taps into the equity you’ve built in your existing property, giving you fast access to cash for a down payment or closing costs on your next purchase. While bridge loans typically cost more than a traditional mortgage, many Sacramento buyers find the added flexibility worth it to avoid rushed sales or temporary housing.

Equity

Redfin

MARCH 14, 2025

This helps you plan for closing costs and monthly payments. These conditions might include: Additional documentation (proof of income, tax returns, bank statements) A satisfactory home appraisal A final credit check Debt-to-income ratio verification A clear title report 2.

Debt-to-income ratio

Redfin

JULY 31, 2025

State and local programs: Cities and states may offer down payment assistance, forgivable loans, or closing cost help. Fannie Mae’s HomePath Ready Buyer Program : This offers up to 3% in closing cost assistance when purchasing a HomePath property and completing a homeownership course.

Purchase and sale agreement

Rochester Real Estate

NOVEMBER 5, 2015

Increasing Your Debt Part of the lender’s calculation is your debt-to-income ratio. Your income compared to your debts shows the lender how much you can afford. If you take on more debt, you will reduce the loan amount you qualify for.

Debt-to-income ratio

Rochester Real Estate

NOVEMBER 5, 2015

This article provides 14 insights for Veterans to save money and minimize their out of pocket investment, save on the interest rate and closing costs, and structure the purchase contract. These include improving credit and balancing your debt to income ratio.

Finance

HomeLight

DECEMBER 5, 2023

It hands you the cash needed for a down payment and covers those pesky closing costs on your new purchase. It’s like unlocking the treasure chest that holds your down payment and covers those essential closing costs for your fresh start. Now, let’s talk numbers.

Equity

HomeLight

DECEMBER 15, 2023

This type of loan leverages the equity in your existing home, providing you with the necessary funds for a down payment and to cover the closing costs of your new property. It uses the equity from your previous home to cover the down payment and closing costs for your new home, acting as a financial bridge between the two transactions.

Equity

HomeLight

DECEMBER 13, 2023

A bridge loan is a short-term loan that uses the equity you’ve built up in your existing home, providing you with the funds needed for the down payment and closing costs on your new property. To bridge this income gap, you can leverage the equity from your existing home for the down payment and closing costs on your new property.

Equity

HomeLight

DECEMBER 13, 2023

In real estate, a bridge loan, also known as a swing loan, bridging loan, or gap financing, lets you utilize the equity in your existing home to give you the money required to make a down payment and cover the closing costs for your new property. A critical part of this arrangement involves assessing your debt-to-income ratio (DTI).

Equity

HomeLight

DECEMBER 29, 2023

This equity is utilized to provide the necessary funds for a down payment and to cover closing costs on your new property. Though they generally come with higher costs than traditional mortgages, bridge loans offer speed and convenience in exchange for a more expensive rate. Bridge loans rely on equity in your current home.

Equity

HomeLight

DECEMBER 15, 2023

A bridge loan lets you leverage the equity in your current home to provide the necessary cash for a down payment and to handle closing costs for your new house. The lender will calculate your debt-to-income ratio (DTI). Prepare your old home for sale more effectively, including staging.

Equity

HomeLight

DECEMBER 7, 2023

It leverages the equity in your existing home, providing the money required for the down payment and closing costs for your dream home. You’ll use the equity from your previous home to cover the down payment and closing costs for your new home. Lenders will first consider your debt-to-income ratio (DTI).

Equity

HomeLight

DECEMBER 7, 2023

A bridge loan, sometimes referred to as a swing or bridging loan, is a short-term loan that leverages the equity in your current home, providing you with the funds needed for a down payment and closing costs on your new dream home. One of the most important things your lender will consider is your debt-to-income ratio (DTI).

Equity

HomeLight

DECEMBER 8, 2023

This equity is then used to provide you with the necessary funds to make a down payment and handle closing costs on your new home in Ohio. How a bridge loan unfolds: You can use the equity from your existing house to cover the down payment and closing costs of your new home.

Equity

HomeLight

NOVEMBER 30, 2023

Essentially, this loan leverages the equity in your existing home, providing you with the necessary funds to make a down payment and handle closing costs for your new property in Missouri. It allows you to tap into your existing home’s equity to cover the down payment and closing costs for your new property.

Equity

HomeLight

NOVEMBER 30, 2023

Think of it as a short-term loan that taps into the equity of your current home, providing you with the necessary funds to make a down payment and cover closing costs on your new property. This is where the equity in your existing home steps in to cover the down payment and closing costs for your new abode.

Equity

HomeLight

JANUARY 30, 2024

This loan leverages the equity in your existing home, providing the funds needed for a down payment and covering the closing costs on your new home purchase. It uses the equity from your previous Denver home to help cover the down payment and closing costs for your new abode.

Equity

HomeLight

NOVEMBER 30, 2023

This type of loan leverages the equity in your existing home, providing you with the necessary funds to make a down payment and cover closing costs on your new property. In this situation, the equity from your existing home is used to cover the new property’s down payment and closing costs.

Equity

HomeLight

DECEMBER 14, 2023

This loan provides you with the cash needed for a down payment and to cover the closing costs of your new home. Using your existing home’s equity, a bridge loan covers your new property’s down payment and closing costs. Consider it a temporary funding source that taps into your existing home’s equity.

Equity

HomeLight

NOVEMBER 30, 2023

This type of short-term loan leverages the equity in your current home, providing you with the necessary funds to make a down payment and handle closing costs on your new property. Prepare your old home in peace: Enhance and stage your previous home for sale without the pressures of living there.

Equity

HomeLight

NOVEMBER 15, 2023

It uses the equity in your current home as leverage, giving you the cash needed for a down payment and covering closing costs on your new property. A crucial factor in this process is your debt-to-income ratio (DTI). Stage and sell post-move: Enhance your old home’s appeal without the living disruptions.

Equity

HomeLight

NOVEMBER 30, 2023

This equity provides the necessary funds to pay down and cover closing costs for your new home. It allows you to use the equity from your existing home to cover your new property’s down payment and closing costs. You’re unable to prepare or stage your current home for sale while still living in it.

Equity

HomeLight

DECEMBER 6, 2023

This type of loan leverages the equity in your existing home, providing you with the necessary funds for a down payment and covering closing costs on your new property. In this situation, the equity from your previous home comes to the rescue, helping to cover the down payment and closing costs for your new Chicago property.

Equity

HomeLight

NOVEMBER 29, 2023

Think of it as a short-term loan that taps into your existing home’s equity, providing the necessary funds to make a down payment and handle closing costs on your new property. It allows you to use the equity from your existing home to cover the down payment and closing costs for your new Hawaiian abode.

Equity

HomeLight

DECEMBER 4, 2023

This type of loan leverages the equity in your existing home, providing you with the necessary funds to make a down payment and handle closing costs on your new property. Here, a bridge loan steps in to utilize the equity from your old home, covering the down payment and closing costs for your new abode.

Equity

HomeLight

NOVEMBER 21, 2023

It allows you to tap into the equity of your existing home, providing the funds needed for the down payment and closing costs of your new property. A key factor in this process is your debt-to-income ratio (DTI). You’re unable to prepare or stage your current home for sale while still living in it.

Equity

HomeLight

NOVEMBER 17, 2023

This type of loan leverages the equity in your current home, giving you the financial flexibility to make a down payment and handle closing costs on your new purchase. In this situation, the equity from your existing home becomes your financial springboard, covering the down payment and closing costs for your new abode.

Equity

HomeLight

NOVEMBER 29, 2023

This type of loan leverages the equity in your existing home, providing you with the necessary funds to make a down payment and handle closing costs on your new property. It uses the equity from your existing home to cover the down payment and closing costs for your new home, bridging the financial gap between buying and selling.

Equity

HomeLight

NOVEMBER 29, 2023

By leveraging the equity in your existing home, a bridge loan provides the necessary funds for a down payment and covers closing costs on your new property. In this scenario, the equity from your existing New York home is used to cover your new property’s down payment and closing costs.

Equity

HomeLight

NOVEMBER 29, 2023

This type of loan leverages the equity in your existing home, providing you with the necessary funds to make a down payment and cover closing costs on your new property. It uses the equity from your existing home to cover the down payment and closing costs of your new home, creating a financial bridge between the two transactions.

Equity

HomeLight

NOVEMBER 29, 2023

It taps into your existing home’s equity , providing you with the necessary funds for a down payment and covering closing costs on your new property. An important factor in this scenario is your debt-to-income ratio (DTI). You want to sell an empty or staged home, which is often more lucrative and convenient.

Equity

HomeLight

NOVEMBER 29, 2023

It leverages the equity in your current home, providing you with the necessary funds to make a down payment and handle closing costs on your new purchase. This financial tool taps into your existing home’s equity, providing the funds needed for your new Idaho residence’s down payment and closing costs.

Equity

HomeLight

NOVEMBER 6, 2023

Essentially, the bridge loan uses the equity from your existing home to finance the down payment and closing costs of your new property. Your financial picture during this time, especially your debt-to-income ratio (DTI), becomes important.

Equity

HomeLight

NOVEMBER 17, 2023

It uses the equity in your existing home to provide immediate funds for a down payment and closing costs on your new property. Here’s how it typically unfolds: You use the equity from your existing home to cover the down payment and closing costs of your new property.

Equity

HomeLight

DECEMBER 6, 2023

Here’s how it works: This type of loan leverages the equity in your existing home, providing you with the necessary funds to make a down payment and cover closing costs for your next home. A critical aspect your lender will consider is your debt-to-income ratio (DTI).

Equity

HomeLight

SEPTEMBER 27, 2023

In this case, they will use the equity from their previous home to cover the down payment and closing costs for their new purchase. Depending on your unique situation, the lender on the new home might need to calculate your debt-to-income ratio (DTI).

Equity