Bridging the Gap to Your New Home 

While in the process of buying a new home, you may find your new home before selling your current one. A bridge loan can be a great tool in that situation. A bridge loan is a short-term financing option that can allow you to purchase your new home before selling using the equity in your current home. This gives you access to funds for a down payment or other expenses.

How a Bridge Loan Works

A bridge loan is typically secured by the equity in your current home, and your credit score and debt to income ratio will be taken into consideration. A bridge loan will likely have a higher interest rate than your mortgage, as they are intended to be a short-term support for your longer-term new home. The primary goal is to repay the bridge loan when your current home sells. 

Offer Details

• Interest and principal is deferred until the end of the loan¹.
• The $1,295 Origination fee can be rolled into the bridge loan.
• Borrower will still be qualified on the Interest-Only Payment.
• For Bridge Loan applications taken July 1, 2025 - December 31, 2025.

Get Started Today

Start your mortgage application online today or connect with a mortgage loan originator near you.

¹ No payments for the 12-month term of the loan with a full balloon payment of principal plus interest due at maturity. Offer is based upon first lien bridge loans of $30,000 to $500,000 and a loan to value up to 80%, subject to credit approval. To qualify for this offer, the loan must close and fund with a corresponding First Commonwealth Bank First Lien Mortgage Loan (Purchase or Construction). An origination fee of $1,295 will be charged and may be financed. For a loan amount of $30,000, including the origination fee for a total of $31,295, the Annual Percentage Rate is currently as low as 12.40% with an interest rate of 7.75% as of July 1, 2025. The total amount due at maturity would be $33,720.36. The payments do not include taxes and insurance, and the actual payment obligation will be higher. Taxes and property insurance on collateral property are required. Flood insurance is required where necessary. If a deed transfer is necessary, title insurance and attorney’s fees may be required. Consult your tax advisor about the deductibility of interest. Offer valid for applications July 1, 2025 through December 31, 2025. Loan must close by April 30, 2026. Offer subject to change or withdrawal at any time.