Bridge Loan Services

main image secondary image

BRIDGE LOAN SERVICES

A simple solution to bridge the gap between the home you have and the home you want.

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.

Bridge the Gap Between the Home You Have & the Home You Want

What's a Bridge Loan?

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.

main image secondary image

Our Solution

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.

Bridge Loan Advantage

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.*

Does a Bridge Loan Make Sense for You?

main image secondary image

How It Works

1.

Inquire directly with a bridge loan lender, such as Better Mortgage or Freedom Mortgage, to see financing options and if you qualify.

2.

Apply to get pre-approved for a bridge loan with the lender of your choice, while searching with your Compass agent for your next home.

3.

If approved for a bridge loan, learn more about getting the first six months of your bridge loan payments fronted via the Bridge Loan Advance by Notable, an independent lender.

4.

If needed, use your approved bridge loan to strengthen your bid on a new home.

5.

Move into your new home while your Compass agent works to sell your current home.

Use Compass Concierge home improvement services to sell your home faster and for more money.

6.

When your old home sells, simply use the proceeds to pay back the bridge loan and Bridge Loan Advance.

Your Questions, Answered

main image secondary image

Success Story


Sarah

"My husband and I needed someone who understood our needs, who was communicative, and who could provide guidance as this was our first time buying. Evan Smeenge was incredibly warm and attentive from our first meeting, and was available to us throughout the process for questions. His thorough knowledge of the process and of the current market made finding and purchasing our house possible, and even enjoyable! Evan Smeenge not only has an incredible amount of knowledge, but brought on an extraordinary team including the property inspector and lawyer. His recommendations for negotiating price and terms of purchase were extremely savvy, and I believe our offer was accepted because of Evan's recommendation. He has been consistent with excellent guidance and counsel at every step. I would recommend Evan to absolutely anyone looking to buy in the Chicagoland area."

Individual results may vary. Testimonials are not intended to guarantee the same or similar results.

Next Step: Finding a Lender

EXPERTISE. SERVICE. INTEGRITY.


With an exceptional real estate experience, The Smeenge Group aims to make transactions fun, inviting, and seamless for everyone involved. We had cultivated a deep understanding of the buying, selling, and local marketing processes that guarantee a positive experience for every one of our clients.

Follow Me On Instagram