Compass 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.
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.
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.
No out-of-pocket costs
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?
Is your money tied up in your current home?
If you need to move but your money is tied up in the equity of your current house, a bridge loan can help you secure funding to facilitate the transition to a new home — like for a down payment or mortgage payments. Once your current home sells, you’ll use the proceeds to pay the bridge loan back.
Do you need to move within a specific timeframe?
If you’re relocating for a new job or other reason, a bridge loan can afford you the freedom to move on your own terms and secure a new house when you need to, without having to wait for your old home to sell.
Does your home require renovations or other work?
Whether you’re using Compass Concierge to increase your home’s value, or are making improvements on your own, it may be easier to have construction work done when you’re out of the house. A bridge loan can help you move faster so you’re out of the house while those improvements are being completed.
More information here.
Exclusive to our clients, Compass Concierge helps you sell your home faster and for more money by covering the cost of services to prepare your home for market.
From staging to home improvements and more, with no hidden fees or interest charged, ever.
Exclusive to Compass, our Concierge program is among a suite of services designed to prepare your home for the market. Whether it’s roofing repairs, painting, moving and storage costs, or additional needs, your Compass agent will work with you to assess every opportunity to elevate your home’s value and improve your selling experience.
Once the necessary improvements have been determined, Compass will cover all upfront costs, collecting payment for the services rendered at the time of the property’s closing. By investing in your home’s potential, we aim to provide a swifter, more profitable sale.
Services may include:
- Cosmetic renovations
- Plumbing repair
- Interior + exterior painting
- Sewer lateral inspections + remediation
- Roofing repair
- Moving + storage
- Pest control
- Custom closet work
- Water heating
- Electrical work
- Seller-side inspections + evaluations
As we work to help everyone find their place in the world, Compass Cares empowers agents and employees alike to support meaningful causes right where it counts most: at home.
How Does It Work?
Compass Cares aims to contribute $10M in funds and skills-based volunteering to local organizations in 2019, with 100% of real estate transactions resulting in a donation to the community.
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