Connecticut Bridge Loans: Buy Your Next Home Before You Sell
AFC's bridge loans let Connecticut homeowners tap the equity in their current home to buy the next one first, and make a strong, non-contingent offer without waiting for a sale to close. Serving Fairfield County, New Haven County, Hartford County, and all of Connecticut.
Buy Your Next Home First: Here's How
A bridge loan unlocks the equity in your current home so you can buy your next one before you sell. You get your buying power now, move once, and pay the loan off when your current home sells, up to 12 months later.
- Make an offer with no home-sale contingency
- Pay the loan off when your current home sells, on your timeline
- We underwrite and close in-house: decisions in days, not weeks
No obligation and no credit pull to see your options.
89 bridge loans funded · median 59 days to payoff · 0 defaults
Most Connecticut bridge lenders you'll find are investor-only. AFC funds owner-occupied bridge loans from its own fund.
Take The Next Step!
No SSN · No hard credit pull · ~2 minutes · NMLS #2801
Sixty seconds on how it works
A real client, a real timeline, and the one thing that made it possible.
Buy Your Next Home Without Waiting to Sell
No obligation. No credit pull. We’ll confirm eligibility and explain next steps.
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 be funded as soon as 7 business days after approval.
Once your current home sells (you have up to 12 months, with no prepayment penalty), you simply pay off the bridge loan. There are no monthly payments while you sell; interest accrues and is paid at payoff. No double mortgages hanging over you, no rushed sale, and no losing your dream home because your offer had a sale contingency.
How Buy Before You Sell Works in Connecticut
1. Tell us about both homes
Share your current home, your rough mortgage balance, and the home you want to buy. No SSN and no hard credit pull to see your options.
2. We structure your bridge
AFC lends its own money and sizes short-term bridge financing against the equity in your current home (up to 80% CLTV), with an answer in days, not weeks.
3. Buy your next home and move once
Get funded as soon as 7 business days after approval and make a strong, non-contingent offer. No selling first, no renting in between, no moving twice.
4. Sell, pay off the bridge, done
Sell your current home on your timeline: you have up to 12 months. Interest accrues only while the loan is open, and there's no prepayment penalty.
What a bridge loan actually costs: every line
We’d rather you see the whole number here than on a Loan Estimate three days before closing. Here is every line on a $400,000 Connecticut bridge, paid off when the old home sells four months later.
| Line | What it is | On a $400,000 bridge (illustrative) |
|---|---|---|
| Flat fee | Attorney, processing and closing on our side. One flat number, not a percentage of the loan. | $3,200 |
| Origination | 2.5% of the loan amount, charged at closing. This and the flat fee are the only AFC charges. | $10,000 |
| Interest | Accrues daily while the old home is listed: no monthly payment. Paid when the old home sells. At an illustrative 12% (1% per month) and a 4-month sale: | ~$16,000 |
| Wire fee | Sending your funds to the closing table. | $50 |
| Appraisal | Third-party, on the home being pledged. | ~$500–700 |
| Recording | Paid to the town to record the lien. | ~$100–300 |
| Prepayment penalty | None. Sell in month 2, pay interest for month 2. | $0 |
| Monthly payment while listed | Nothing is due until the old home sells. | $0 |
| All-in on this example | Everything above, settled at closing and at payoff. | ~$30,000 |
Illustration only. The 12% rate is an example; your rate depends on the loan, the property and your file. Interest accrues for the days the loan is outstanding and is paid at payoff. Third-party costs are estimates. This is not an APR quote; see the representative example in the disclosures at the bottom of this page. Connecticut conveyance tax is paid by the seller at your sale, a cost of the sale, not of the bridge.
- How it pays off: the old home sells, the bridge is paid at that closing, and you’re left with one normal mortgage on the new home.
- What you need: a home in Connecticut or Massachusetts with some equity (you don’t need a mountain; most of our borrowers still have a mortgage on it), credit that qualifies for the new mortgage, and a plan to list.
- What you don’t need: to sell first, to write a contingent offer, or to move twice.
Real bridge loans, real exits
- 85+ bridge loans funded · 57 paid off in full
- Fairfield County: $112K bridge on a $580K purchase, paid off in 16 days
- $153K bridge unlocked a $1.45M purchase, exited in 29 days
Run your numbers
Plug in your home value, what you owe and your next price. See your bridge amount, the full cost at the pricing above, and a side-by-side with a HELOC.
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.
Funded as Soon as 7 Business Days After Approval
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.
But what if my current home doesn’t sell?
The #1 worry for every move-up buyer: here’s the honest answer.
You get up to 12 months.
Most Connecticut homes priced right sell in weeks. But you’re not on the clock: you get up to a full year to sell, never a fire sale.
You only pay short-term interest.
No two mortgages for years. Interest on the bridge accrues over the short window between buying and selling. Nothing out of pocket while it’s open.
If it runs long, we work the plan with you.
If your sale takes longer, your AFC team, including the Approval Team on your loan, walks your options through with you. A real person, every step.
The bigger risk isn’t a slow sale. It’s losing the home you love to a cash buyer with a contingent offer.
Bridge Loan: Frequently Asked Questions
What can I use a bridge loan for?
Do I have to sell my current home first?
Do you lend your own money? How fast can you close?
How long is the term, and is there a prepayment penalty?
What is the bridge loan secured against?
What does a bridge loan cost?
Is the interest charged only while the loan is outstanding?
How much can I borrow?
What will I actually walk away with?
Will this affect my credit?
What's the first step?
Do you write bridge loans in Fairfield County and the rest of Connecticut?
What if my current home doesn’t sell right away?
Can I afford to carry the bridge?
Is a bridge loan risky?
What are the alternatives to a bridge loan?
Selling first is the cheapest path (no short-term financing cost), but you may have to move twice and shop for your next home under pressure. A rent-back can buy you time if your buyer agrees, and an extended closing helps if your seller accepts one; both leave you on someone else's clock. Writing your offer with a home-sale (Hubbard) contingency protects you, but in a competitive market it's often why an offer loses. A HELOC can work if you open it before you list, though most banks won't open one on a home that's about to be for sale. A bridge loan costs more than selling first, but it's the option that lets you buy on your timeline and make a non-contingent offer.
Can a bridge loan help me make a cash offer?
Yes, that's exactly what our Cash Offer Program does. AFC structures bridge financing against your current home's equity so you can present a cash-backed, non-contingent offer on your next one, then pay it off when your current home sells.
Bridge Loans Across Connecticut
AFC Mortgage Group is a family-run Connecticut lender headquartered in Monroe, and most of the bridge loans we write are for homeowners close to home: Fairfield, Westport, Trumbull, Shelton, Stratford, Milford, Newtown, and Monroe; Greenwich, Stamford, Norwalk, Darien, and New Canaan along the Gold Coast; and Bridgeport, Weston, Wilton, and communities across New Haven County and Hartford County. Because we lend our own money in-house, you get a fast answer wherever you are in Connecticut: approval in days and funding as soon as 7 business days after approval.
Buying or selling across state lines? We also write bridge loans in Massachusetts, Rhode Island, New Hampshire, Vermont and New Jersey. And if your goal is the strongest possible offer, our Cash Offer Program turns your equity into a cash-backed, non-contingent offer.
Comparing your options in Connecticut? See bridge loan vs HELOC, bridge loan vs home equity loan, how to buy a house before selling yours in Connecticut, and how AFC compares to Knock and to Homeward and Orchard.
Bridge loan guides
Everything we have written about buying before you sell in Connecticut, in one place: the comparisons, the explainers, and the state pages.
Compare your options
- Bridge loan vs HELOC: speed, cost, qualifying, and what happens if your home doesn't sell.
- Bridge loan vs home equity loan: timing is the deciding factor.
- How to buy a house before selling yours in Connecticut: bridge loan, HELOC, or a Hubbard contingency, with Fairfield County numbers.
- Knock alternative in Connecticut: how Knock's bridge loan compares to a local lender's.
- Homeward and Orchard alternative in Connecticut: power-buyer programs vs a Cash Offer plus bridge.
- AFC's Cash Offer program: turn your equity into a non-contingent offer.
Read the guides
- How bridge loans work in Connecticut: the timeline, the costs, and a worked example.
- What is a bridge loan, and who should consider one?
- Bridge loans for real estate investors in Connecticut: why speed wins deals.
Bridge loans by state
Ready to Buy Before You Sell?
See your bridge loan options in about 2 minutes. No SSN required to start. A real person picks up the phone, always.
See What You Qualify ForReal bridge loans, real exits
The measure of a bridge loan is not the loan; it is how cleanly it ends. Three recent files, anonymized:
In and out in 16 days
Situation: buyer needed to close on a $580K Fairfield County home before their current house sold. Structure: $112K bridge. Timeline: paid off 16 days later when the old house closed. Outcome: the fastest kind of bridge. It did its job in two weeks and got out of the way.
Buy now, refinance calm
Situation: a $625K acquisition that could not wait for conventional timelines. Structure: bridge at closing speed. Timeline: refinanced into a conventional mortgage 22 days later. Outcome: won the house first, got long-term financing on their own schedule.
Small bridge, big move
Situation: a $1.45M purchase that turned on a fraction of the price. Structure: $153K bridge to cover the gap. Timeline: exited by conventional refinance in 29 days. Outcome: the whole move unlocked by a loan a tenth the size of the house.
Amounts, dates, and timelines are from closed AFC loan files; personal details removed. Every loan is different; these show how ours tend to end.
