Bridge Loans

Don’t Wait, Buy Your Dream Home with a Bridge Loan

Bridge loans from Heritage Bank give you the freedom to purchase or build a new home before you sell your existing home. With a bridge loan, you don’t have to wait until your current home sells to take advantage of a great opportunity.

Bridge loans are similar to home equity loans in that they allow you to borrow against the equity of your existing home so that you have funds you can use toward a down payment on a new home. Just like a home equity loan, when your current home sells, the proceeds will go toward paying off the bridge loan and whatever existing mortgage you may have.

However, unlike a home equity loan, bridge loans are temporary and to be used when your existing home is up for sale. Bridge loans are specifically designed to help homeowners who are between their “old” home and their “new” one.

Most often, bridge loans need to be paid off within 12-24 months, but there could be opportunities for affordable refinancing if needed. Bridge loans are a common practice in banking, and as one of the most trusted Phoenix banks, we’re happy to provide the service for new and existing customers.

To start the application process, please print out and complete the form below. Completed forms should be faxed to Credit Administration at 602-840-1864 or mailed to:

4222 E. Camelback Rd., Suite J200
Phoenix, AZ 85018
602-840-3400