Use your current home's equity to pay for your new one.
Sometimes you find a new home to purchase before your current one sells. This is when a bridge loan, sometimes called a "swing loan," comes in handy when you do your home purchase with NASB. This short-term loan allows you to tap into the equity you've built up to have cash now for a down payment, moving expenses, or getting your home ready to sell.
Bridge Loan Guidelines and Requirements
To qualify for a bridge loan, there are certain requirements and guidelines to consider:
Not available in Texas