Timing matters in real estate. When you haven’t sold your current home but need to buy a new one, a bridge loan can help close the gap. At Sovereign Bank, we offer short-term bridge loan solutions designed to keep your plans moving, without unnecessary stress or delays.
Whether you’re relocating, upsizing, or transitioning between properties, our local lenders will work with you to create a bridge loan that aligns with your timeline and financial goals.
What is a Bridge Loan?
A bridge loan is a short-term loan that uses the equity in your current home to help finance the purchase of your next one. It gives you the flexibility to buy your new home before your old one sells, so you can make a competitive offer, move on your schedule, and avoid temporary housing.
Why Choose a Bridge Loan from Sovereign Bank?
- Fast Access to Funds | Get the financing you need, when you need it, without waiting for your current home to sell.
- Flexible Repayment Options | Choose a repayment structure that works best for you.
- Local Expertise | Work with lenders who know your market and can help you navigate the process with confidence.
- Streamlined Process | From application to approval, our bridge loans are handled in-house for faster turnaround and fewer surprises.
- Keep Your Purchase on Track | A bridge loan allows you to avoid contingency delays and move into your new home on your terms.
When to Consider a Bridge Loan:
- You’ve found your dream home but haven’t sold your current one
- You want to make a non-contingent offer in a competitive market
- You’re building a new home and need flexible financing during the transition
- You want to avoid multiple moves or temporary housing
At Sovereign Bank, we understand the real estate journey doesn’t always go in a straight line. Our bridge loans are designed to make that transition smoother, with responsive service, tailored solutions, and a local lending team that’s with you every step of the way.
Let’s Bridge the Gap.
Talk with a Sovereign Bank lender today and find out how a bridge loan can help make your next move a smooth one.
