Bridge Loan

A bridge loan from NASB can help with the short-term financing of your new home while you are selling your current one.

Call us 888-661-1983 

rate lock

Key Features

Allows you to buy new house before old one sells

Enables time-sensitive financial transactions

Access to equity before you sell

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:

  • Only available with an approved NASB purchase transaction
  • Must be used in conjunction with a primary or secondary home purchase
  • Full appraisal required
  • Minimum loan amount of $175,000 required to apply*

Not available in Texas




Bridge Loan FAQs

A bridge loan allows you to access the equity in the home you currently live in, so you can make an offer on a new house with needing a sale contingency. Here's a blog that explains more about bridge loans.
The easiest way to think of how a bridge loan works is to provide you with the cash to pay off what you still owe on your current mortgage, plus a little more for a down payment on the new home. The loans are generally short-term.
  • It makes cash available, so you get the home you want without waiting to sell or needing a sale contingency.
  • It puts odds in your favor in a competitive market.
  • If you don’t have cash for a down payment.
  • Interest-only payments until your home is sold.
  • May have to pay for an appraisal, along with associated closing costs and fees.
  • Might own two homes with two mortgage payments for a while.
  • Higher interest rates than conventional loans.
  • Lenders usually require at least 20% home equity.
To qualify for a bridge loan, the loan amount must be at least $175,000, it must be used in conjunction with a primary or secondary home purchase, and a full appraisal is required. 

A minimum loan amount of $175,000 is required to apply. Exceptions include mortgage products for properties located within the Greater Kansas City metro and surrounding areas. Contact a NASB Loan Officer for details on the excluded areas and/or zip codes.



Proven Results. Trusted Nationwide.
general non-qm with reviews

Zillow

 4.96
Based on 1,605 customer reviews

WalletHub

 4.7
Based on 1,177 customer reviews

Business Insider

 4.5
Based on Business Insider overall lender rating


Nationally competitive products. Individualized service.

product-bg

*Minimum loan amount of $175,000 required to apply. Exceptions include mortgage products for properties located within the Greater Kansas City metro and surrounding areas. Contact a NASB Loan Officer for more details on the specific areas and/or zip codes excluded.