What Is a Bridge Loan — and When Does It Make Sense?

Bridge Loans in Florida: How to Buy Your Next Home Before Selling

Timing the sale of one home and the purchase of another can be tricky. If you’ve found your dream home but haven’t sold your current one yet, a bridge loan might be the key that keeps your plans on track.

What Is a Bridge Loan?

A bridge loan is a short-term financing option that allows Florida homeowners to use the equity in their current property to purchase a new one before their existing home sells.
It “bridges” the financial gap between buying and selling — giving you access to funds for a down payment, closing costs, or other purchase-related expenses.

Once your old home sells, you pay the bridge loan off with the proceeds.

Benefits of a Bridge Loan in Florida

✅ Buy before you sell. Make an offer on your new home without waiting for your old one to close.
✅ Stay competitive. In a fast-moving Florida real estate market, non-contingent offers stand out.
✅ Avoid temporary housing. Move directly into your new home instead of renting in between.
✅ Flexible repayment. Most bridge loans run six to twelve months, giving you time to sell smoothly.

Considerations Before Using a Bridge Loan

Bridge loans aren’t designed for long-term use. They typically come with slightly higher interest rates and short repayment terms.
Before applying, make sure you have strong equity and realistic expectations for your home’s selling timeline.

If your property may take longer to sell or if you want lower long-term costs, your mortgage broker can help compare alternatives such as:

• A home equity line of credit (HELOC)

• A cash-out refinance

• A contingent offer with extended closing

Is a Bridge Loan Right for You?

A bridge loan makes the most sense for Florida homeowners who:

• Have substantial equity in their current property

• Are purchasing in a competitive market

• Need quick access to funds without waiting for a sale to close

It’s a powerful tool — but like any loan, the numbers need to make sense for your overall financial plan.

Florida Homes & Loans Inc. specializes in helping homebuyers and homeowners navigate creative financing options across Central and East Florida.
We’ll walk you through the pros, cons, and alternatives so you can move forward with confidence — not pressure.

📞 Contact us today to discuss whether a bridge loan in Florida fits your situation.
👉 www.floridahomesandloans.com