As a mortgage broker, you know that timing is everything in a home purchase. Clients often find their next property before their current home sells, or discover that their closing dates don’t align. In those moments, Bridge financing isn’t just about covering the gap – it’s about giving your clients the flexibility and peace of mind to move at their own pace. Whether they need days, a week, or several months, Bridge financing for a home purchase allows them to transition smoothly into their new home without the stress of rushed timelines.
That’s where Calvert Home Mortgage comes in. We specialize in flexible Bridge financing solutions designed to help you support your clients through transitional moments quickly, reliably, and with as few restrictions as possible.
What is Bridge Financing?
Bridge financing is a short-term loan that lets homeowners access equity from their current property before it sells. It bridges the gap between selling an existing home and buying a new one. With this financing, clients can move forward with their next purchase without waiting for sale proceeds.
This type of financing is especially useful when closing dates don’t line up or when buyers find their next home before selling their current one.
Why Bridge Financing From Calvert Home Mortgage Stands Out
Most lenders will only consider Bridge financing once the sale property is listed on the MLS, conditionally sold, or firmly sold. At Calvert Home Mortgage, we follow the same standard, but what sets us apart is how we approach these deals. Our focus is on removing friction – faster turnaround, fewer conditions, and flexible deal structures that give clients more options. Mortgage brokers gain confidence knowing the deal will close on time. And if the property isn’t yet listed, we won’t turn the client away. We’ll explore other short-term solutions that can keep their plans moving forward until it is.
Flexible Approach
Our Bridge financing solutions are fully open, with no minimum term. Clients can pay us out in one day, one week, or one month – whatever fits their timeline. They’ll only pay interest for the days borrowed, with no payout penalty. As a result, your clients gain freedom to move at their own pace, without the added stress of tight deadlines.
High Loan-to-Value (LTV) Options
We offer up to 80% LTV on listed properties and conditionally sold properties, and up to 85% LTV on firmly sold properties. This gives your clients access to more equity when they need it most, while giving you flexibility to deliver creative solutions.
Seamless Transition
We can also blanket the property being purchased. For example, if your client sells a home for $800K with no existing mortgage and buys a new home for $600K, we can provide up to 85% Loan-to-Value (LTV) on the property being sold if it’s firmly sold and, in most cases, up to 80% LTV on the new purchase. Homeowners who don’t plan to carry a mortgage after their sale especially value this option. If the client already has another mortgage arranged on the purchase, we may consider a first or second mortgage on the property being sold, up to the same LTVs.
Since the Bridge financing is paid off from the sale proceeds, we typically don’t need to income-qualify or credit-qualify clients for debt servicing when the property is conditionally or firm sold, unless the term extends beyond one month. If the property is only listed, however, we may need to confirm they can carry the mortgage for a few months or structure additional funds to help cover payments. Either way, our goal is to make the process faster and easier for everyone involved.
Fast Turnaround
We fund in days, not weeks. Since our focus is on short-term mortgage solutions like Bridge financing, we have the systems, people, and processes to move quickly. You can count on us to meet your client’s deadline.
Learn more about our fast funding here.
Save Time, Money, and Hassle
We complete internal valuations, saving clients up to $500 per property secured. In Alberta, we work directly with your borrower’s lawyer, avoiding extra time and up to $1,500 in added legal fees that come with using two separate lawyers.
Illustrative Case Study: Bridge Financing in Action
Imagine a retired couple who own their $800,000 home free and clear and want to buy a new $700,000 property. With limited income, traditional financing may not be an option.
Calvert Home Mortgage could advance $750,000 in this scenario by blanketing both properties. The total security would be $1.5M, positioning the mortgage at 50% LTV. The mortgage would remain fully open, and interest would apply only to the days borrowed — whether just a few days, a week, or several months.
This structure would give the couple the ability to:
- Move into their new home before selling the existing one
- Access funds beyond the purchase price for furniture and expenses
- Save on appraisal and legal costs
- Repay flexibly, without penalty
This type of deal is straightforward and efficient for mortgage brokers. It includes a Commitment Fee of 1% from Calvert Home Mortgage, with mortgage brokers able to add their own fee on top. The total is presented as one fee on the Commitment Letter, and in some cases may be adjusted to protect the borrower’s best interest while still completing the deal quickly.
Read the full illustrative case study here.
Why Mortgage Brokers Trust Calvert Home Mortgage
Mortgage brokers choose Calvert Home Mortgage because we’re built for situations like this. Our specialty is short-term mortgage solutions, such as Bridge financing. As a result, we consistently deliver an effortless experience for both you and your clients.
Here’s what sets us apart as your trusted partner:
Broker-First Approach
We deeply value our relationship with mortgage brokers and will never compete for your clients. If a past client ever approaches us directly, we will loop you back into the deal, so you remain at the center of the relationship.
Flexible Solutions
Whether the property is firmly sold, conditionally sold, or just listed on the MLS with a licensed Real Estate Agent, we structure deals that support your clients and their unique needs.
Speed and Reliability
Our systems are designed for quick turnaround. Funding in days (not weeks) means you can confidently rely on us as a solution for your clients.
Proven Track Record
With 50+ years of experience in short-term lending, our team knows how to navigate complex requests and urgent closings with ease.
Mortgage brokers across Alberta and Ontario trust us to deliver, and our case studies and Google reviews prove we consistently step in when timing and flexibility matter most.
Partner with Calvert Home Mortgage for Bridge Financing Success
Your clients rely on you to provide solutions, not roadblocks. With Bridge financing for home purchases from Calvert Home Mortgage in your toolkit, you can help them buy their next home before selling their current one, without the stress of misaligned timelines.
Ready to deliver Bridge financing with confidence? Connect with our team today.
For Alberta inquiries, contact Kaelan Nelson.
Email: kaelan@chmic.ca
Cell: 587-585-4571
Office Phone: 403-278-0249
Book a meeting here.
For Ontario inquiries, contact Katarina Jarossy and Dan Werner.
Based in the GTA?
Email: katarina.jarossy@chmic.ca
Cell: 416-799-2553
Office Phone:1-888-752-4642
Book a meeting here.
Anywhere else in Ontario:
Email: dan.werner@chmic.ca
Cell: 416-316-5336
Office Phone: 1-888-752-4642
Book a meeting here.
FAQs About Bridge Financing for Home Purchases
Q: What is Bridge financing for a home purchase?
A: Bridge financing is a short-term loan that allows homeowners to access the equity in their current property before it sells. This provides the funds needed to close on a new purchase while waiting for the sale proceeds from their current property.
Q: How much can my client borrow with Bridge financing from Calvert Home Mortgage?
A: We offer up to 80% LTV on listed or conditionally sold properties and up to 85% LTV on firm sold properties, giving your clients access to more equity when they need it most.
Q: Can Calvert Home Mortgage provide Bridge financing if my client’s home isn’t listed yet?
A: A true Bridge requires the property to be listed, conditionally sold, or firmly sold. If your client’s home isn’t yet listed, we can look at other short-term solutions, such as financing tied to the new purchase or the property they plan to sell, to help them move forward until the listing stage.
