Bridge Loans

Moving on up has never been easier.

A short term loan to help you buy before you sell.

A Lafayette Federal Bridge Loan helps you bridge the gap between having the money to purchase the home of your dreams and selling your existing residence.

Benefits of a Bridge Loan with Lafayette Federal

If you’re under a time crunch to sell, a Bridge Loan, which leverages the equity of your current home, gives you the money you need for a down payment, allowing you to close on your new home without having to worry about selling your current home. The Bridge Loan is paid off with the proceeds of your current home (also known as your departing residence).

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Flexible Financing Options

Financing up to 80% Loan-to-Value (LTV) on your current home

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Simple Process

Treated like a first mortgage refinance

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Personalized Payments

A 12-Month balloon loan. Monthly payments are optional – but not required – interest accrues and balance is due at maturity or payoff (whichever comes first)

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Be Move in Ready

Get settled in your new home before selling your old home

What to expect from beginning to end

Buying a home is a big deal. Whether it’s your first home or your retirement home, this is one purchase that should never be taken lightly.

Learn more about the Lafayette Federal mortgage process, and how we help you finance a home loan from beginning to end.

The Lafayette Federal mortgage process

We make the mortgage process as easy as opening the door to your home!

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Compare Loan Programs, Rates and Terms

Our team will work with you to weigh your options, consider different terms, and find the perfect rate so you can get the best deal possible.

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Apply for a Loan

Conveniently complete your mortgage application online with the help of one of our Mortgage Loan Officers.

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Provide Supporting Documents

Gather all the documentation needed including tax documents, income statements, and more so we can successfully process your application.

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Get pre-approved

Once you’re pre-approved, you’re halfway there! We’ll confirm how much home you can afford.

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Lock in your rate and get final approval

Our team will work with you to find the best rate long-term, and you’ll get final approval.

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We provide final loan documents for review

We’ll prepare all the loan documents so you can sign on the dotted line and head towards closing on your new home!

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Close on your home

Congratulations! It’s closing time and it’s time to open the door to your new home.

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Enjoy your happy place

Make your house a home with a fresh coat of paint or upgraded kitchen appliances. After all, it’s yours! And remember that we’re here to help you with any home improvement or upgrades you’d like to make in the future.

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Earn thousands in Cash Rewards with Lafayette Federal’s HomeAdvantage.

Take advantage of our free member service that can help you buy, sell, and save on your next home.

Start Earning

Our members say the nicest things.

Lafayette Federal has been my trusted credit union for the last 34 years, providing for me while I served both overseas and here in the United States! You have helped me to plan for the future, finance mortgages, fund my business start-up, and save for retirement. Thanks for being my bedrock as I now look forward to enjoying this next phase of my life!

Brian R. Member for 34 Years

Meet our mortgage team.

Ready to close on your mortgage quickly? We can get your mortgage approved in minutes, rather than days or weeks! We offer free pre-approvals, so you can shop for your home knowing that you can afford the mortgage. We’re always just a call or email away!

Home financing advice

Explore our blog for resources on the home buying process, practical advice, and tips for securing a mortgage that works for you and your family.

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Ready to apply for a Bridge Loan?

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Equal Housing Lender. NMLS#: 464425

Equal Housing Lender

HOME MORTGAGE DISCLOSURE ACT (HMDA) NOTICE: The HMDA data about our residential mortgage lending are available online for review. The data shows geographic distribution of loans and applications; ethnicity, race, sex, age and income of applicants and borrowers; and information about loan approvals and denials. HMDA data for many other financial institutions are also available online. For more information, visit the Consumer Financial Protection Bureau’s website.