A Loan to Bridge the Gap Between Your Old & New Home
A bridge loan is a short-term loan that helps you buy a new home before selling your current one. It gives you quick access to funds so you can move forward with your purchase without waiting for your old house to sell. Once your old home sells, you use the proceeds to pay off the bridge loan.
At Midland, we know it only takes a moment for an idea to spark, to find your dream home, or to start planning for your forever. Whatever your moments are, we're here for them. Learn who we are.
Junior, CustomerFrom the start, I felt my loan officer had my best interests at heart. They were consistently attentive, supportive, and professional. Even in the final stages, their dedication was clear. I'm incredibly grateful for their guidance and would highly recommend them.
Peyton, CustomerMy loan officer did a fantastic job. I'd recommend them to any friends or family buying a house!
A bridge loan gives you extra time to sell your current home, so you can move into your new one without needing to rent or store your belongings.
A bridge loan lets you move quickly on real estate deals and unique opportunities. It also allows you to make an offer without a sales contingency, giving you an advantage in a competitive market.
You can choose to make fixed monthly payments, interest-only payments, or wait to pay until your old home is sold.
Explore quick, interactive quizzes to pinpoint a loan tailored to your needs. Where are you in your home financing journey?
Which Mortgage Fits Your Homeownership Goals?
Take our Home Buying Quiz to understand different home financing options that may fit your needs when buying a home.
Building a Home? Start Exploring Financing Options
Discover personalized financing options for building your ideal home with our quick quiz. Get matched and start planning today.
Our team of dedicated professionals are here to support you.
Estimated monthly payment for a conventional $180,000 15-year term fixed-rate mortgage with a 20% down payment at 6.692% Annual Percentage Rate (APR) would be $1,568. Estimated monthly payment for a conventional $180,000 30-year term fixed-rate mortgage with a 20% down payment at 7.246% Annual Percentage Rate (APR) would be $1,213. Payments do not include amounts for taxes, homeowner's insurance, and flood insurance (if required) and the actual payment will be greater. If the down payment is less than 20%, mortgage insurance may also be required and could increase the monthly payment and APR. Payment examples are for illustrative purposes only and are subject to change.
