The process: 1) confirm equity & exit → 2) apply → 3) valuation → 4) term sheet → 5) close & fund (7–30 days) → 6) buy your next home → 7) interest-only payments → 8) sell & pay off. See Requirements for what each step needs.
On this page
The 8 steps to funding
Confirm your equity & exit
Establish equity in the pledged property and your payoff path — sale or refinance. Run the calculator →
Apply & submit the package
Property details, proof of equity, proof of funds, exit plan, entity docs (investors). No full income verification.
Get the valuation
Lender orders an appraisal or BPO to confirm value and set your LTV cap.
Review the term sheet
Loan amount, LTV, rate, points, term — shopped across lenders for best cost. How terms price →
Close & fund the bridge
Sign through escrow/title and fund — often 7–30 days.
Buy your next home
Use the proceeds toward the down payment — a clean, non-contingent offer.
Make interest-only payments
Pay interest while both homes are owned; keep the carry short.
Sell & pay off the bridge
Your current home sells and the proceeds pay off the bridge through escrow.
What's needed at each stage
| Stage | What you provide / expect |
|---|---|
| Equity & exit | Value estimate, mortgage balance, listing or refi plan |
| Application | Property details, proof of equity, proof of funds, entity docs (investor) |
| Valuation | Appraisal or BPO on the pledged property |
| Term sheet | Loan amount, LTV, rate, points, term |
| Closing | Signed docs, escrow/title |
| New purchase | Down payment funded from bridge proceeds |
| Payoff | Sale escrow of the departing home |
Reviewed by the licensing team at Save Financial, a California-licensed mortgage brokerage (NMLS #377740, DRE #01875766) founded in 2009 and serving all 58 counties from offices in Newport Beach and Marina del Rey.