Bridge loan

Ready to buy a new home but still need to sell your current one? Rocket Mortgage® can help.

A man stands in the backyard of a modest home, carefully pulling a 'Sold' sign out of the grass.

What are the perks of a bridge loan?

A bridge loan lets you use the equity of your current home before it’s sold to cover the down payment and closing costs on your new home

Reduce stress while moving

Avoid moving twice or renting during a relocation or an unexpected move

Make more competitive offers

Without a sale contingency, you can be more competitive in a hot market

Get more out of your home

A bridge loan gives you more time to accept a better offer

Start the conversation

A woman sitting on the porch of her house, gently swinging on a wooden bench swing

How does it work?

Also called a swing loan or a gap loan, a bridge loan is designed to help ease the transition between homes

Prepare to sell your home

There are a few ways you can qualify, but typically you’ll need to list your current home for sale

Apply for a bridge loan

Get qualified with Rocket Mortgage for a 6-month loan up to $500,000 based on how much home equity you have

Buy your new home with us

Use your bridge loan to cover the down payment and closing costs when you buy a new home with Rocket Mortgage

Pay only interest each month

Make interest-only payments, then pay off the principal by the end of the loan with the money you get from selling your home

Questions? We’ve got answers.

Call (888) 452-8179

Do I have to have my current home listed for sale?

Typically your current home needs to be listed for sale – otherwise you’ll need to have a listing agent agreement or a guaranteed buyout agreement in place.

What can I use the money for?

You can use it to cover your down payment or closing costs on your new home or to pay off your current mortgage.

It can’t be used for debt consolidation or to pay off non-mortgage debts.

How does it impact my debt-to-income (DTI) ratio?

On the bridge loan, only the interest-only payment is factored into your DTI. On the purchase, your bridge loan balance can usually be excluded from debt calculations. If you have questions about your unique DTI scenario, talk to us.

What happens if my home doesn’t sell within 6 months?

Even if your home hasn’t sold, you’re still required to pay back the principal balance in full.

We’ll work with you to understand your situation and review available options, but it’s very important to plan for your current home’s timely sale when using a bridge loan.

Learn more about bridge loans