Skip Navigation
FDIC-Insured - Backed by the full faith and credit of the U.S. Government

MORTGAGE

Bridge Loans

Mortgage > Home Loans > Bridge Loans

Why Consider a Bridge Loan

A Bridge Loan gives you the flexibility and confidence to move ahead with your home purchase, even if your current home hasn’t sold yet.

It’s Ideal If:

  • You’ve found your next home but haven’t sold your current one.
  • You want to make a strong, non-contingent offer in a competitive market.
  • You need cash for a down payment without waiting for sale proceeds.
  • You prefer a smooth transition without the pressure to sell quickly.

How a Bridge Loan Works

  1. Apply Online:
    Get started with a fast, hassle-free application.
  2. Buy Your New Home:
    Use your Bridge Loan to make a confident, non-contingent offer.
  3. Sell Your Current Home:
    Once sold, repay the Bridge Loan—no need for a second mortgage or double payments.

What You Get

  • Access Up to 75% of Your Home’s Value:
    Unlock your equity when you need it most.
  • No Monthly Payments:
    Interest accrues during the six-month term and is paid at the end or when your home sells.
  • Use Funds Flexibly:
    Pay off your existing mortgage, cover your new home’s down payment, and manage closing costs.

Common Questions About Bridge Loans

 No. You don’t make monthly payments for up to 6 months. The bridge loan is paid off when you sell your current home.

 If your home doesn’t sell within the initial timeframe, we’ll collect a portion of the accrued interest and offer a 90-day extension.

 Yes. For Michigan properties, fees typically range from $1,500 to $1,800, plus any accrued interest during the loan period.

Homepage>Mortgage Hub

Mortgage Hub

We offer mortgage solutions to help you buy, refinance, or build with confidence.

Stefan P.

Sterling Heights, MI

We had an excellent experience working with Ann for our Bridge Loan. From start to finish she made the entire process easy, smooth, and efficient. Although a bridge loan was new to us, Ann took the time to explain everything clearly and thoroughly. We couldn’t have asked for a better experience, and we’re grateful for her professionalism and dedication.

Let's Get Moving!

Make your move stress-free with a Bridge Loan from First State Bank.
Visit your nearest branch, contact us, find a Mortgage Loan Consultant,
or apply online to get started today!

Personal>Mega Menu

Personal

Check Our Featured Offers

View Featured Offers
Mortgage>Mega Menu

Mortgage

Check Our Featured Offers

View Featured Offers
Business>Mega Menu

Business

Check Our Featured Offers

View Featured Offers
Education>Mega Menu

Education

Our Calculator Library Can Help Make the Most of Any Budget

Calculate Your Outcome
Community>Mega Menu

Community

Let’s Make an Impact in Our Community—Together

Connect With Us