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. Serving Fairfield County, New Haven, Stamford, Hartford, and all of Connecticut.

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!

No SSN · No hard credit pull · ~2 minutes · NMLS #2801

Prefer to talk? Call (475) 330-3261

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.

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?

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.

Do you write bridge loans in Fairfield County and the rest of Connecticut?

Yes — AFC lends across all of Connecticut, including Fairfield County, New Haven, Stamford, and Hartford. We fund bridge loans with our own capital, so closings move on our timeline, not a bank's.

Do you write bridge loans in Fairfield County and the rest of Connecticut?

Yes — AFC lends across all of Connecticut, including Fairfield County, New Haven, Stamford, and Hartford. We fund bridge loans with our own capital, so closings move on our timeline, not a bank’s.

What if my current home doesn’t sell right away?

You have up to 12 months. Most CT homes priced right sell in weeks — but if yours takes longer, you keep making interest-only payments and we work the plan with you. We walk through the month-by-month cost before you commit.

Can I afford to carry the bridge?

You’re not buying two homes — you’re borrowing briefly against equity you already own (up to 80% CLTV). We show the exact carrying cost up front; for most clients it’s a short overlap, not years.

Is a bridge loan risky?

It’s secured by equity you already have, on a short timeline, with a clear exit — your home sale. The bigger risk for most move-up buyers is losing the home they love to a cash buyer because their offer had a sale contingency.

Bridge Loan Financing Across Connecticut, Massachusetts & Rhode Island

AFC Mortgage Group originates bridge loans across Connecticut, Massachusetts, and Rhode Island, including Fairfield County, New Haven, and surrounding communities. Whether you need to buy before you sell or want to make a non-contingent cash offer, you can apply for a bridge loan and get approved in as little as 10 days. Because we lend in-house, you get a fast bridge loan decision without waiting on an outside bank.

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 For

Real 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.

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 lender. 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.