Bridge Loan Financing in Connecticut (CT)

Buy your next home before you sell your current one. AFC's bridge loans in Connecticut let you tap your equity and make a strong, non-contingent offer — without waiting for your sale to close.

Buy Your Next Home Without Waiting to Sell

No obligation. No credit pull. We’ll confirm eligibility and explain next steps.

Take The Next Step!

Secure Your
Next Home

Up To 12 Months To Sell Your Current Home

Refinance or Payoff The Bridge Loan

Here's What Our Clients Are Saying!

What Is a Bridge Loan?

A bridge loan is short-term financing that lets you buy your next home before you've sold your current one. AFC lends against the equity in your existing home — up to 80% of its value — so you can make a strong, non-contingent offer, move on your timeline, and sell your old home without the pressure of a deadline. Because we lend our own money in-house, you get fast answers and can close in as little as 10 days.

Once your current home sells — you have up to 12 months, with no prepayment penalty — you simply pay off the bridge loan. No double mortgages hanging over you, no rushed sale, and no losing your dream home because your offer had a sale contingency.

Why Choose an AFC Bridge Loan?

Buy Before You Sell

Make an offer on your next home without waiting for your current one to sell.

Non-Contingent Offers

Compete like a cash buyer — sellers take you seriously when your offer isn't contingent on a sale.

Up to 80% CLTV

Access up to 80% of your current home's value to fund your down payment and more.

Close in ~10 Days

We lend our own money in-house, so you move fast when speed wins the deal.

Up to 1 Year to Sell

Sell your current home on your timeline, then pay off the bridge — no rush, no fire sale.

One Local Team

From bridge to permanent financing, AFC handles it all in-house — a real person, always.

No Pre-Payment Penalty

Pay it off the day your home sells — even if that's just a month later. You only pay interest for the time you actually use the loan. No penalties, ever.

Is a Bridge Loan Right for You?

Move-Up Buyers

Trading up to a bigger home but need your current equity to make it happen.

Competitive Markets

Need a non-contingent offer to win in a tight, fast-moving market.

Timing Mismatches

You found the perfect home before your current one is sold.

Equity-Rich Owners

You have significant equity in your current home to leverage.

Downsizers

Buying your next chapter before listing the family home.

No Double Moves

Skip renting in between and avoid moving twice.

Bridge Loan — Frequently Asked Questions

What can I use a bridge loan for?

More than just buying before you sell. Clients use AFC's bridge loans to make a strong, non-contingent offer on their next home, to move and transact before their current home sells, to preserve cash they need for a renovation or investment, or to buy out a co-owner so they can keep a property. If your next move is backed by real estate, we can usually structure it.

Do I have to sell my current home first?

No — that's the whole point of a bridge. You buy, move, and transact first, then sell your current home on your own timeline within the term, instead of being forced into a rushed or contingent deal.

Do you lend your own money? How fast can you close?

Yes. AFC lends its own capital on bridge loans — we're not waiting on an outside bank to approve and fund. That's why we can close in as little as 10 days and move on your schedule, not a lender's.

How long is the term, and is there a prepayment penalty?

The term runs up to 12 months — plenty of room to sell or transact without pressure. And there's no prepayment penalty: you can pay us back in as little as a week, and the less time you hold the loan, the less it costs.

What is the bridge loan secured against?

Real estate — typically the equity in your current home, the new property, or both, depending on how we structure the deal. We'll walk you through exactly what the lien looks like for your situation before you commit.

What does a bridge loan cost?

Typically a 2.5% origination fee, 1% per month interest that accrues rather than being paid monthly, and roughly $3,000 in attorney, processing, and wire fees. Nothing comes out of pocket while the loan is outstanding — it's all settled when you pay us back. The faster you pay it off, the less it costs.

Is the interest charged only while the loan is outstanding?

Yes. Interest accrues monthly and stops the moment you pay us back — usually when your current home sells, or any time you settle within the term. Nothing is due monthly out of pocket.

How much can I borrow?

It depends on how the loan is structured and the equity available in your current home and the new one. We size the bridge to your specific deal and confirm your number during approval.

What will I actually walk away with?

Before you move forward, we build the full math with you: what you'll net when your current home sells, minus your payoffs and the cost of the bridge — so you know exactly where you land. No surprises at the table.

Will this affect my credit?

It's a single credit pull, and a hard inquiry typically moves your score only a few points — temporary, and it recovers.

What's the first step?

A quick application with income, asset, and credit documentation so our team can confirm your number and issue your approval. From there, we move fast.

Ready to Buy Before You Sell?

Get pre-approved in minutes. No SSN required to start. A real person picks up the phone — always.

Get Pre-Approved Today

Bridge Loan Disclosures — AFC Mortgage Group, LLC

AFC Mortgage Group, LLC offers short-term bridge loans secured by a recorded lien on real estate (your current home, the new property, or both). These are secured real-estate loans — not unsecured personal or consumer loans.

No Prepayment Penalty & No Minimum Interest

There is no prepayment penalty and no minimum interest. Interest is charged only for the time your loan is actually outstanding — pay it off early and you only pay interest for the days you used the money.

Representative Example

A bridge loan of $250,000 with a 12-month term: interest accrues at 1% per month (12% annually) and is paid at payoff rather than monthly; a 2.5% origination fee ($6,250) plus approximately $3,000 in attorney, processing, and wire fees are charged at closing. Held the full 12 months, that equals an Annual Percentage Rate (APR) of approximately 14.7% — total interest of $30,000 and total cost of credit of approximately $39,250, plus repayment of the $250,000 principal at maturity (balloon). Because there is no prepayment penalty or minimum interest, paying off earlier costs less — e.g., a payoff at 6 months accrues roughly $15,000 in interest instead of $30,000.

Most bridge loans are paid off within a few months: on the same $250,000 loan paid off at 3 months, total interest is approximately $7,500, for a total cost of credit of roughly $16,750 (the $6,250 origination and ~$3,000 in fees are unchanged) — less than half the full-term figure. The approximately 14.7% APR above is calculated on the required 12-month basis; your actual cost depends on how long the loan remains outstanding.

Terms at a Glance

APR: ~14.7% representative (varies with loan size)

Interest: 1% per month (12% annual), accrues, paid at payoff

Prepayment: No prepayment penalty; no minimum interest

Term: 4 to 12 months

Origination: 2.5% (2.5 points)

Other fees: ~$3,000 (attorney, processing, wire)

Loan amount: No stated maximum; subject to collateral value and underwriting

Collateral: Secured by a recorded lien on real estate

Non-payment: Failure to repay may result in loss of the property securing the loan through foreclosure.

AFC Mortgage Group, LLC — licensed mortgage broker. NMLS #2801, licensed in CT, Equal Housing Opportunity. Rates, terms, and fees are examples only and vary by loan size, LTV, credit, and market conditions. Not a commitment to lend; all loans subject to credit and collateral approval.