Buy Your Dream Home on Your Timeline
A bridge loan is a short-term financing option that helps you buy your next home before selling your current one—perfect for fast-moving markets like New Hampshire. Whether you're eyeing a waterfront property or simply want more flexibility in your timeline, a bridge loan can give you a competitive edge. As trusted local Realtors, Ann & Jim are here to help you understand if this option is the right fit and guide you through every step with confidence.
Why Use a Bridge Loan?
- Buy your next home before your current one sells
- Avoid moving twice or renting temporarily
- Stay competitive in a hot housing market
- Get peace of mind during your transition
Is It Right for You?
Bridge loans are ideal for homeowners with significant equity in their current home who need to act quickly. They're commonly used by move-up buyers and those relocating. Connect with an expert to see if a bridge loan is right for you.
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Bridge Loans in New Hampshire: What You Need to Know
The New Hampshire housing market is unique—demand is high, and homes can sell quickly. A bridge loan allows you to shop with confidence, knowing you can make a strong offer without waiting to sell your current property first. It gives you the financial flexibility to act fast and secure your next home before it slips away.
Key Terms to Understand
Bridge Loan Rates
Typically higher than traditional mortgages, as bridge loans are short-term and carry more risk for lenders. Rates can vary depending on your credit, equity, and lender.
Duration of Loan
Most bridge loans are designed to last between 6 to 12 months, giving you time to sell your existing home.
Payment Structure
Some loans may offer interest-only payments during the term, while others may require full monthly payments. This depends on the loan agreement and your financial situation.
Lender Requirements
Lenders often require significant equity in your current home, a solid credit score, and proof of income in order to qualify for a bridge loan.
Work With a Trusted Local Expert
Understanding if a bridge loan is right for you starts with a conversation. We work with trusted lenders who specialize in bridge financing and can help you navigate the process with ease.
What You’ll Gain From a Bridge Loan Consultation
- A clear understanding of your financial options
- A personalized strategy tailored to your buying/selling timeline
- Access to experienced local lenders like Jim Collins at CMG Home Loans
- Step-by-step guidance from seasoned real estate professionals
Take the Next Step Toward Your New Home
Don’t let timing hold you back. Whether you're buying a lakefront retreat or upgrading within your neighborhood, bridge loans can make your move smooth and stress-free.
Let’s talk about your goals—contact us today to learn more!