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 a Compass agent.
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.
After months of research, Compass has selected lenders that are offering competitive rates and dedicated service for Compass clients. Already working with a lender you love? No problem. This unique solution lets you choose the provider that works best for you.
Work with a Compass agent 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 Compass clients, regardless of the lender you use.
01Sign an Exclusive Listing Agreement with your Compass agent to sell your current home — while you work with them to find your next dream home.
02Apply and get approved for a bridge loan with the lender of your choice.
03Ask your Compass agent about getting the first six months of your bridge loan payments fronted.
04Move into your new home while your Compass agent works to sell your current home.
05When your old home sells, simply use the proceeds to pay back the bridge loan and any fronted monthly payments.
While Compass 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.
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.
“We thought our former home would sell quickly. When it didn't, the bridge loan became the crucial piece that allowed us to close on the purchase of our new home. We were surprised at how quickly everything went through — it was a no-brainer.”
The Velasco Group is dedicated to help you with your buying or selling needs.Contact Us