Bridge Loan Financing in New Jersey (NJ)
Buy your next home before you sell your current one. AFC's bridge loans in New Jersey let you tap your equity and make a strong, non-contingent offer — without waiting for your sale to close. Serving Bergen, Monmouth, Morris, Essex and Middlesex counties, the Shore, and all of New Jersey, from the same team that writes bridge loans in 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.
Take The Next Step!
No SSN · No hard credit pull · ~2 minutes · NMLS #2801
Sixty seconds on how it works
First, who is actually funding your loan. Then the one question everyone asks.
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 close in as few as 7 business 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.
How Buy Before You Sell Works in New Jersey
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
Close in as few as 7 business days with a strong, non-contingent offer. New Jersey is an attorney-review state: once both sides sign, a three-business-day attorney review runs before the contract is binding — a bridge-backed offer goes through it like any other, and we plan the closing date around it. Title usually runs through a title company, and our Approval Team works directly with them to hit the date. 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 $450,000 bridge toward a $650,000 Bergen or Monmouth County move-up home, paid off when the old home sells four months later.
| Line | What it is | On a $450,000 bridge (illustrative) |
|---|---|---|
| Flat fee | Title, processing and closing on our side. New Jersey title work usually runs through a title company, with your own attorney handling review — our settlement costs are inside this number, not on top of it. 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. | $11,250 |
| 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: | ~$18,000 |
| Wire fee | Sending your funds to the closing table. | $50 |
| Appraisal | Third-party, on the home being pledged. | ~$500–700 |
| Recording | Paid to the county clerk 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. | ~$33,500 |
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. New Jersey’s realty transfer fee is paid by the seller at your sale — a cost of the sale, not of the bridge. Since July 2025 the additional fee on sales over $1,000,000 (the former buyer-paid 1% “mansion tax,” now a graduated 1%–3.5% fee) is also paid by the seller, so if your current home is over $1M, plan for it in your net.
- 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 New Jersey 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, CT: $112K bridge, paid off in 16 days
- Watertown, MA: $825K bridge, in and out in two months
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 as Few as 7 Business 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 New Jersey 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?
What if my current home doesn’t sell right away?
Can I afford to carry the bridge?
Is a bridge loan risky?
Bridge Loan Financing Across New Jersey
AFC Mortgage Group originates bridge loans across New Jersey, including Bergen, Monmouth, Morris, Essex, Middlesex and Somerset counties, the Jersey Shore, 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, get an answer in days, and close in as few as 7 business days — attorney review included. Because we lend in-house, you get a fast bridge loan decision without waiting on an outside bank.
Buying or selling across state lines? We also write bridge loans in Connecticut, Massachusetts, Rhode Island, New Hampshire and Vermont. And if your goal is the strongest possible offer, our Cash Offer Program turns your equity into a cash-backed, non-contingent offer.
Real bridge loans, real exits
85 bridge loans funded, 57 already paid off. Real borrowers in Connecticut, Massachusetts and beyond — and most of them sold and paid us off well inside the 12-month term. The measure of a bridge loan is not the loan — it is how cleanly it ends. Three recent AFC files, anonymized:
In and out in 16 days
Situation: buyer needed to close on a $580K 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.
Watertown, MA: in and out in two months
Situation: buyer needed to close on the next home before their Watertown house sold. Structure: $825K bridge. Timeline: funded in November, paid off in January when the Watertown house closed. Outcome: a clean, non-contingent offer on the new home, and the sale paid us off two months later.
Hyde Park (Boston): six months of room
Situation: a Boston homeowner needed time to finish and sell before the next step. Structure: $132K bridge. Timeline: funded in February, paid off in August. Outcome: six months of breathing room, and the sale paid it off well inside the 12-month term.
Amounts, dates, and timelines are from closed AFC loan files; personal details removed. Every loan is different — these show how ours tend to end.
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. Selling in Connecticut instead? See our bridge loans in Connecticut page.
See What You Qualify For
