FDIC-Insured – Backed by the full faith and credit of the U.S. Government
FDIC-Insured – Backed by the full faith and credit of the U.S. Government
Bridge the gap between selling your current home and buying a new one. Experience the flexible and tailored bridge loan solutions you can get from your local bankers you know and trust.
A bridge loan is a short-term loan used to bridge the gap between two transactions, typically the purchase of a new home and the sale of an existing one. It provides temporary financing until the borrower can secure permanent financing or complete the sale of their current residence. Bridge loans are often used to facilitate a smooth transition when there is a timing mismatch between buying and selling real estate properties.
Do you need to put money down on a new property before you’ve sold your current one? A bridge loan can help you do that. Bridge loans provide the temporary financing you need to cover the down payment on a new home which allows you to purchase it before selling your current home.
Available for properties in Georgia BankSouth markets.
Not sure if a bridge loan is appropriate for you? Answer these questions:
If you answered yes to any of these questions, a bridge loan may be the answer for you! Get in touch with a local BankSouth banker to get your personalized loan quote.
Our bankers are experts at getting Georgians into the homes of their dreams. Put their expertise to work for you by contacting your local banker today.
Available for properties in Georgia BankSouth markets.
A bridge loan allows you to secure financing to purchase a new home while waiting for your current home to sell, ensuring a smoother transition without the risk of missing out on your dream property.
A short-term bridge loan provides temporary financing, using your current property as collateral, to help you purchase a new home before selling the existing one.
Yes, bridge loans can be used to cover closing costs, moving expenses, or any additional costs incurred during the transition between homes.
A bridge loan is ideal for individuals who need quick access to funds to purchase a new home while waiting for their current property to sell, ensuring they don’t lose their opportunity.
Credit and collateral are subject to approval. Terms and conditions apply.