Bridge Loans
Buy before you sell with a bridge loan
If you’ve found the right home but haven’t sold your current property yet, a bridge loan from Park View gives you temporary financing to cover the down payment so you can keep the homebuying process moving forward.
Bridge Loan Financing
What is a bridge loan?
A bridge loan is short-term financing that bridges the gap between buying and selling, giving you quick access to funds for a new home so your transition is easier and less stressful. No waiting, no missed opportunities—just smooth, confident steps into your next chapter.
Tap Into Equity
Use a Bridge Loan to tap into your current home’s equity for a down payment.
Buy First, Sell Later
Buy your new home with confidence—no need for a contingent offer.
Proceeds Pay It Off
Sell your current home, then use the proceeds to fully pay off your Bridge Loan.
Finance with Park View
Finance your new home with Park View and enjoy competitive rates.
Why Choose a bridge Loan?
Explore bridge loan benefits
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Buy Before You Sell
Unlike other loan options, bridge loans can help make your home offer more competitive as they eliminate the need for contingencies.
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Interest-Only Option for Departing Residence
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Peace Of Mind
Park View's bridge loans include a 12-month grace period2 to sell your departing residence, offering peace of mind and flexibility during life's transitions.
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Easy Application and Quick Funding
Our simple process gets you approved fast, with funds available quickly so you can move forward without delay—whether you’re buying a new home or covering the deposit for a retirement home.3
Open online or schedule an appointment with a Mortgage Advisor to get started!
3 easy steps
Apply
Start online or visit a branch — tell us about your current home and the property you're buying.
Approval & appraisal
We verify equity, confirm details, and schedule an appraisal if needed.
Funding
Once your bridge loan is approved, funds are available quickly. Use them for a down payment on a new home—or for the large deposit required at a retirement home—then finance your next home with Park View with confidence.
Still Have Questions?
Everything you need to know about a Park View Bridge Loan.
A bridge loan can be helpful in several situations:
- Covering a down payment before your current home sells
- Purchasing a new home in cash while waiting for your existing home to close
- Paying a large deposit when moving into a retirement community
It provides short-term financing so you can move forward with your plans without having to wait for the sale of your current home.
If you are considering selling your existing home (or primary residence) to move to a new home, or need funds to put down a large deposit on a retirement home, a bridge loan could be an option for you and your family.
PROS
- Allows flexibility if you want to move out of your existing home before listing it for sale.
- You can make an offer on a new home without the sale of your current home being a contingency.
- Allows you to make interest only payments during the transition period.
CONS
- The Bridge loan term is temporary and must be paid off and must be paid off when the home is sold.
- Interest only payments means you will not be paying down on the principal during the transition period.
- You will be responsible for paying your taxes and home insurance for your existing home. With a Bridge loan, those items are not escrowed into your payment like they are with a traditional mortgage loan.
The difference between a bridge loan and a conventional mortgage loan is that a bridge loan is a short-term or temporary loan backed by the value of your existing home that you are listing for sale. The specific goal of a bridge loan is to help you transition from home-to-home without the monetary stress of getting your current home sold before closing on the purchase of your new home.
No — bridge loans are short-term, one-time advances specifically to bridge transactions. A HELOC is a revolving line of credit tied to your home's equity.
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