{"id":71758,"date":"2026-07-10T08:54:39","date_gmt":"2026-07-10T15:54:39","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=71758"},"modified":"2026-07-10T08:54:39","modified_gmt":"2026-07-10T15:54:39","slug":"buyer-bridge-loans-columbus-ohio","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/buyer-bridge-loans-columbus-ohio\/","title":{"rendered":"Bridge Loans in Columbus, Ohio: How to Unlock Home Equity to Buy Before You Sell"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">If you\u2019re looking at bridge loans in Columbus, Ohio, you might need more certainty as you plan your move.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Maybe you&#8217;ve outgrown your current home and want more space for your family, but you&#8217;d rather settle into your next home before preparing your current one for sale.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A <\/span><a href=\"https:\/\/www.homelight.com\/blog\/buyer-what-is-a-bridge-loan\/\"><span style=\"font-weight: 400;\">bridge loan<\/span><\/a><span style=\"font-weight: 400;\"> is one way to unlock equity and buy before you sell, but it&#8217;s not the only option available to <\/span><span style=\"font-weight: 400;\">Columbus<\/span><span style=\"font-weight: 400;\"> homeowners. Depending on what you want to prioritize, there may be other ways to access your equity, strengthen your offer, and avoid the stress of coordinating two transactions at once.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this article, we&#8217;ll go over how bridge loans in <\/span><span style=\"font-weight: 400;\">Columbus<\/span><span style=\"font-weight: 400;\"> work, what yours might look like, and how today\u2019s Buy Before You Sell programs can help you move with more flexibility.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\n\n\n\n\n<div class=\"geo-cta widget-cta widget-cta--content     widget-cta--dark widget-cta--dark-blue-gradient\">\n    <div class=\"widget-element--content\">\n        <div class=\"widget-element--content-header\">\n            <img decoding=\"async\" alt=\"homelight logo\" class=\"widget-element--logo\" src=\"https:\/\/www.homelight.com\/blog\/wp-content\/themes\/ccprototypev5\/images\/logo-small-cta.png\" width=\"106\" height=\"25\" \/>\n        <\/div>\n        \n                <h3 class=\"cta-headline widget--bold\">Here's How You Can Buy Before You Sell in Columbus<\/h3>\n                        <p>With HomeLight Buy Before You Sell, you can make a strong, non-contingent offer on your new home without waiting to sell your current home. This modern bridge solution unlocks the equity in your existing property, streamlining the entire process so you win the home you want \u2014 and move only once.<\/p>\n        \n                <div class=\"widget-element--buttons\">\n            <a data-type=\"In Content CTA\" href=\"https:\/\/www.homelight.com\/buy-before-you-sell\" class=\"cta-click-track widget-element--button\">Learn more<\/a>\n        <\/div>\n                    <\/div>\n<\/div>\n\n<\/span><\/p>\n<div id=\"section--1\" data-toc-header=\"What is a bridge loan, in simple words?\" data-toc-type=\"head\"><\/div>\n<h2>What is a bridge loan, in simple words?<\/h2>\n<p><span style=\"font-weight: 400;\">A bridge loan is effectively what the name implies: it \u201cbridges\u201d the gap between buying a new house and selling your current one with a temporary loan.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You might hear people refer to bridge loans as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bridge financing<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Interim financing<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Gap financing<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Swing loans<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bridging loans<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Think of it as a financial safety net, since it lets you tap into the <\/span><a href=\"https:\/\/www.homelight.com\/blog\/what-is-home-equity\/\"><span style=\"font-weight: 400;\">equity of your current home<\/span><\/a><span style=\"font-weight: 400;\"> to use as a <\/span><a href=\"https:\/\/www.homelight.com\/blog\/buyer-what-is-a-down-payment\/\"><span style=\"font-weight: 400;\">down payment<\/span><\/a><span style=\"font-weight: 400;\"> on your next one. This can be done before your current house has even sold. After it does sell, the proceeds are used to pay off the bridge loan entirely.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since contingencies can delay the process of securing your dream home, a major plus is that you don\u2019t have to make your offer contingent on selling your old home first.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Because bridge loans are meant to be a temporary solution rather than a long-term loan, lenders charge higher interest rates \u2014 similar to how convenience stores charge a bit more for products that you might need in a pinch. For many Columbus buyers, that extra cost is worth it to avoid the chaos of moving twice, renting a temporary place, or panic-selling their current home.<\/span><\/p>\n<div id=\"section--2\" data-toc-header=\"How does a bridge loan work in Columbus?\" data-toc-type=\"head\"><\/div>\n<h2>How does a bridge loan work in Columbus?<\/h2>\n<p><span style=\"font-weight: 400;\">You might need a bridge loan when you\u2019ve found the perfect home in another Columbus neighborhood or suburb, but you haven\u2019t yet sold your current one. In this case, you would use the equity from your existing home to cover the<\/span><a href=\"https:\/\/www.homelight.com\/down-payment-calculator\"> <span style=\"font-weight: 400;\">down payment<\/span><\/a><span style=\"font-weight: 400;\"> and<\/span><a href=\"https:\/\/www.homelight.com\/closing-costs-calculator\"> <span style=\"font-weight: 400;\">closing costs<\/span><\/a><span style=\"font-weight: 400;\"> on your new purchase.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Oftentimes, the lender handling your new mortgage will also offer a bridge loan. A requirement is usually that your current home is actively listed for sale, and they\u2019ll typically extend the bridge loan for six months to one year.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Your lender may also need to calculate your<\/span><a href=\"https:\/\/www.homelight.com\/blog\/buyer-home-affordability-calculator\/\"> <span style=\"font-weight: 400;\">debt-to-income (DTI) ratio<\/span><\/a><span style=\"font-weight: 400;\">, which could include your old mortgage payment, your new mortgage payment, and any interest-only payments on the bridge loan.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019ve already found a buyer and their loan is approved, your lender might ignore your old house payment for now. They\u2019ll only look at your new payment, which ensures you\u2019re financially covered if your old home&#8217;s closing process is delayed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To qualify for a bridge loan in <\/span><span style=\"font-weight: 400;\">Columbus,<\/span><span style=\"font-weight: 400;\"> most lenders require:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Significant home equity<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Good credit<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sufficient income<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">An active listing for your current home<\/span><\/li>\n<\/ul>\n<div id=\"section--3\" data-toc-header=\"What does a bridge loan look like?\" data-toc-type=\"head\"><\/div>\n<h2>What does a bridge loan look like?<\/h2>\n<p><span style=\"font-weight: 400;\">Since bridge loans can be structured differently, the example calculator below can help you visualize what a bridge financing solution might look like.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Adjust the values to see an estimated monthly interest payment, available proceeds, and the balloon payment due when the loan is repaid.<\/span><\/p>\n<p><iframe style=\"border: none; display: block; margin: 0 auto;\" src=\"https:\/\/bridge-loan-calculator-eta.vercel.app\/\" width=\"775\" height=\"1435\u201d\u00a0\u00a0\u00a0 \u00a0\u00a0frameborder=\" scrolling=\"auto\">&nbsp;<\/p>\n<p><\/iframe><\/p>\n<div id=\"section--4\" data-toc-header=\"Is a bridge loan the best way to buy before you sell in Columbus?\" data-toc-type=\"head\"><\/div>\n<h2>Is a bridge loan the best way to buy before you sell in Columbus?<\/h2>\n<p><span style=\"font-weight: 400;\">For a long time, bridge loans were pretty much your only option if you wanted to touch your home equity before you sold. Today\u2019s market offers a lot more.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition to traditional bridge financing, some companies now offer modern <\/span><a href=\"https:\/\/www.homelight.com\/blog\/buyer-buy-before-you-sell-program\/\"><span style=\"font-weight: 400;\">Buy Before You Sell programs<\/span><\/a><span style=\"font-weight: 400;\"> designed with the challenges of simultaneous buying and selling in mind.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">These programs can help homeowners:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Easily access home equity before selling<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Make <\/span><a href=\"https:\/\/www.homelight.com\/blog\/buyer-non-contingent\/\"><span style=\"font-weight: 400;\">non-contingent offers<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Only have to move once<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Prepare and market their old home after moving out<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">For many <\/span><span style=\"font-weight: 400;\">Columbus<\/span><span style=\"font-weight: 400;\"> homeowners, these newer solutions may be worth comparing alongside a traditional bridge loan, especially if you need more agility in Central Ohio\u2019s competitive market.\u00a0<\/span><\/p>\n<h3>A simpler alternative: HomeLight Buy Before You Sell<\/h3>\n<p><span style=\"font-weight: 400;\">HomeLight&#8217;s <\/span><a href=\"https:\/\/www.homelight.com\/buy-before-you-sell\"><span style=\"font-weight: 400;\">Buy Before You Sell program<\/span><\/a><span style=\"font-weight: 400;\"> is designed to help homeowners unlock equity from their current property so they can purchase their next home before selling.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Unlike a traditional bridge loan, the program combines financing and selling support into a single process.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Together with your real estate agent, HomeLight can help you:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Unlock equity from your current home<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Make a stronger offer on your next home<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Move before listing your old property<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sell an unoccupied home, making it easier to stage, show, and sell quickly<\/span><\/li>\n<\/ul>\n<p><iframe title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/Kg9IaIHZ6Mo\" width=\"775\" height=\"436\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h3>How HomeLight Buy Before You Sell works<\/h3>\n<ol>\n<li><b> Apply with no obligation<\/b><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Find out whether your home qualifies and receive an estimate of your equity unlock.<\/span><\/p>\n<ol start=\"2\">\n<li><b> Buy your next home with confidence<\/b><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Use your unlocked equity to make a competitive offer without a <\/span><a href=\"https:\/\/www.homelight.com\/blog\/buyer-home-sale-contingency\/\"><span style=\"font-weight: 400;\">home sale contingency<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<ol start=\"3\">\n<li><b> Sell your former home with peace of mind<\/b><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Whether you\u2019re selling a historic home in Clintonville or moving out to a new build in New Albany, you can list your previous home after you&#8217;ve already moved, making it easier to prepare and even <\/span><a href=\"https:\/\/www.homelight.com\/blog\/staging-a-house-while-living-in-it\/\"><span style=\"font-weight: 400;\">stage<\/span><\/a><span style=\"font-weight: 400;\"> for buyers to get the strongest offer possible.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To learn more or get started, visit <\/span><a href=\"https:\/\/www.homelight.com\/buy-before-you-sell\"><span style=\"font-weight: 400;\">homelight.com\/buy-before-you-sell<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h3>The benefits of bridge financing<\/h3>\n<table>\n<tbody>\n<tr>\n<td><b>Benefits of bridge financing<\/b><\/td>\n<td><b>Additional benefits with Buy Before You Sell<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Access your equity upfront<\/span><\/td>\n<td><span style=\"font-weight: 400;\">A simplified, guided process<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Make stronger, non-contingent offers.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Move fast when the right house hits the market<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Avoid moving twice<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Sell your home once it\u2019s vacant<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Buy on your timeline<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Potentially maximize your sale price<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">Whether you choose a traditional bridge loan or a Buy Before You Sell program, both approaches are designed to help you buy your next home before selling your current one.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">HomeLight&#8217;s <\/span><a href=\"https:\/\/www.homelight.com\/buy-before-you-sell\"><span style=\"font-weight: 400;\">Buy Before You Sell program<\/span><\/a><span style=\"font-weight: 400;\"> also combines financing and selling support from top <\/span><span style=\"font-weight: 400;\">Columbus<\/span><span style=\"font-weight: 400;\"> experts into a streamlined experience to simplify the process from purchase to sale.<\/span><\/p>\n<div id=\"section--5\" data-toc-header=\"What should you consider before using a bridge loan?\" data-toc-type=\"head\"><\/div>\n<h2>What should you consider before using a bridge loan?<\/h2>\n<p><span style=\"font-weight: 400;\">Bridge financing can be appealing if you don&#8217;t want to miss out on a move to a sought-after Columbus suburb or a home that gives you a shorter commute. Consider the tradeoffs before moving forward.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Higher borrowing costs:<\/b><span style=\"font-weight: 400;\"> Expect higher interest rates and closing fees compared to a standard mortgage.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Stricter qualifications:<\/b><span style=\"font-weight: 400;\"> Some non-negotiables for lenders are usually strong credit, sufficient income, and substantial home equity.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Temporary overlap:<\/b><span style=\"font-weight: 400;\"> If the loan isn&#8217;t structured to defer payments, you could find yourself juggling both home payments at once.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Repayment depends on your sale:<\/b><span style=\"font-weight: 400;\"> If your current home takes longer to sell, your financing costs may increase.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Fewer lender options:<\/b><span style=\"font-weight: 400;\"> Not all lenders offer bridge loans, so finding the right program can take extra time and research.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">\n\n\n\n\n<div class=\"geo-cta widget-cta widget-cta--content     widget-cta--dark widget-cta--dark-blue-gradient\">\n    <div class=\"widget-element--content\">\n        <div class=\"widget-element--content-header\">\n            <img decoding=\"async\" alt=\"homelight logo\" class=\"widget-element--logo\" src=\"https:\/\/www.homelight.com\/blog\/wp-content\/themes\/ccprototypev5\/images\/logo-small-cta.png\" width=\"106\" height=\"25\" \/>\n        <\/div>\n        \n                <h3 class=\"cta-headline widget--bold\">Find a Top Columbus Agent With Experience in Bridge Loans<\/h3>\n                        <p>Partner with a top agent who knows your Columbus market and has experience with bridge loan programs. HomeLight can connect you with an experienced buyer&#8217;s agent who can help you navigate your entire homebuying journey.<\/p>\n        \n                <div class=\"widget-element--buttons\">\n            <a data-type=\"In Content CTA\" href=\"https:\/\/www.homelight.com\/find-agent\/quiz\/buyer?#\/qaas=0\/\" class=\"cta-click-track widget-element--button\">Get Started<\/a>\n        <\/div>\n                    <\/div>\n<\/div>\n\n<\/span><\/p>\n<div id=\"section--6\" data-toc-header=\"When is a bridge loan a good solution in Columbus?\" data-toc-type=\"head\"><\/div>\n<h2>When is a bridge loan a good solution in Columbus?<\/h2>\n<p><span style=\"font-weight: 400;\">Here\u2019s when a bridge loan may make sense:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You need equity from your current home for a down payment<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You&#8217;ve already found a home that better fits your household\u2019s needs<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Your contingent offers aren&#8217;t competitive enough in today&#8217;s market<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You&#8217;re relocating for work or making room for a growing family<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You want to move out before preparing your current home for sale<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You&#8217;d rather make one seamless move into your next home<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You can comfortably qualify for both transactions<\/span><\/li>\n<\/ul>\n<div id=\"section--7\" data-toc-header=\"How much does a bridge loan cost in Columbus?\" data-toc-type=\"head\"><\/div>\n<h2>How much does a bridge loan cost in Columbus?<\/h2>\n<p><span style=\"font-weight: 400;\">A typical bridge loan in <\/span><span style=\"font-weight: 400;\">Columbus<\/span><span style=\"font-weight: 400;\"> can cost between 8% to 11.75% in interest, with origination and closing fees adding an extra 1% to 2.5% of the total loan amount. The exact cost will depend on your <\/span><a href=\"https:\/\/www.consumerfinance.gov\/ask-cfpb\/what-is-a-loan-to-value-ratio-and-how-does-it-relate-to-my-costs-en-121\/\"><span style=\"font-weight: 400;\">loan-to-value<\/span><\/a><span style=\"font-weight: 400;\"> (LTV) ratio, credit score, property type, and the lender you work with.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Home values tend to be higher in sought-after Central Ohio suburbs like Dublin or neighborhoods near Intel in New Albany, meaning buyers in these areas can face higher interest costs even when general rates remain the same.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And since bridge financing is temporary and specialized, rates are often higher than those for a traditional mortgage. To get a general idea of how different loan amounts and rates can affect monthly payments and payoff costs, try out the bridge loan snapshot tool above.<\/span><\/p>\n<div id=\"section--8\" data-toc-header=\"Who provides bridge loans in Columbus?\" data-toc-type=\"head\"><\/div>\n<h2>Who provides bridge loans in Columbus?<\/h2>\n<p><span style=\"font-weight: 400;\">Due to underwriting requirements (rules you have to meet to prove you can pay back a loan), fewer institutions offer bridge loans. You\u2019ll most likely find bridge loans at:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Mortgage lenders<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Regional banks<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Credit unions<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><a href=\"https:\/\/www.homelight.com\/blog\/buyer-hard-money-lenders-columbus-ohio\/\"><span style=\"font-weight: 400;\">Hard-money lenders<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Non-qualified mortgage (non-QM) lenders<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">It may be worth comparing multiple lenders before applying since their products can vary.<\/span><\/p>\n<div id=\"section--9\" data-toc-header=\"Are there other alternatives to bridge loans in Columbus?\" data-toc-type=\"head\"><\/div>\n<h2>Are there other alternatives to bridge loans in Columbus?<\/h2>\n<p><span style=\"font-weight: 400;\">You also have other ways to <\/span><a href=\"https:\/\/www.homelighthomeloans.com\/heloc\"><span style=\"font-weight: 400;\">access your equity<\/span><\/a><span style=\"font-weight: 400;\"> before buying your next home. Whether you&#8217;re moving between historic Columbus neighborhoods, relocating out to a high-demand school district, or downsizing from a large family home to a downtown condo, several financing options can help you reach your goals.<\/span><\/p>\n<h3>Home equity loan<\/h3>\n<p><span style=\"font-weight: 400;\">A <\/span><a href=\"https:\/\/www.homelight.com\/blog\/buyer-home-equity-loan-requirements\/\"><span style=\"font-weight: 400;\">home equity loan<\/span><\/a><span style=\"font-weight: 400;\"> lets you borrow a lump sum against the equity you&#8217;ve built in your current home. You&#8217;ll typically receive the money all at once and repay it through fixed monthly payments.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This option may work well if you know exactly how much cash you&#8217;ll need and want predictable payments. However, you&#8217;ll still be taking on an additional loan while you own your current home.<\/span><\/p>\n<h3>Home equity line of credit (HELOC)<\/h3>\n<p><span style=\"font-weight: 400;\">Think of a <\/span><a href=\"https:\/\/www.homelight.com\/blog\/buyer-heloc-vs-home-equity-loan\/\"><span style=\"font-weight: 400;\">HELOC<\/span><\/a><span style=\"font-weight: 400;\"> as a credit card where your house acts as the security deposit. Instead of receiving one lump sum, you&#8217;ll have access to a revolving line of credit that you can draw from as needed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you&#8217;re planning a move within the Columbus area but haven&#8217;t yet found your next home, this flexibility can be helpful since they often have lower initial borrowing costs than bridge loans.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, most HELOCs have <\/span><a href=\"https:\/\/www.consumerfinance.gov\/ask-cfpb\/what-is-the-difference-between-a-fixed-apr-and-a-variable-apr-en-45\/\"><span style=\"font-weight: 400;\">variable interest rates<\/span><\/a><span style=\"font-weight: 400;\">, meaning your monthly payment could change over time.<\/span><\/p>\n<h3>Cash-out refinance<\/h3>\n<p><span style=\"font-weight: 400;\">A <\/span><a href=\"https:\/\/www.experian.com\/blogs\/ask-experian\/what-is-a-cash-out-refinance\/\"><span style=\"font-weight: 400;\">cash-out refinance<\/span><\/a><span style=\"font-weight: 400;\"> allows you to replace your current mortgage with a new, larger loan and receive the difference in cash.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This option can be useful when mortgage rates are favorable, but it may be less appealing for homeowners who already locked in a low interest rate and don&#8217;t want to replace their existing mortgage.<\/span><\/p>\n<h3>80-10-10 (piggyback) loan<\/h3>\n<p><span style=\"font-weight: 400;\">A <\/span><a href=\"https:\/\/www.consumerfinance.gov\/ask-cfpb\/what-is-a-piggyback-second-mortgage-en-1955\/\"><span style=\"font-weight: 400;\">piggyback loan<\/span><\/a><span style=\"font-weight: 400;\"> combines a first mortgage and a second mortgage to help fund a new home purchase with as little as 10% down.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This strategy can help some Columbus buyers avoid <\/span><a href=\"https:\/\/www.homelight.com\/blog\/what-is-pmi-can-you-get-rid-of-it\/\"><span style=\"font-weight: 400;\">private mortgage insurance<\/span><\/a><span style=\"font-weight: 400;\"> (PMI), but it also means you might have to manage multiple loan payments until your current home sells.<\/span><\/p>\n<h3>Home sale contingency<\/h3>\n<p><span style=\"font-weight: 400;\">Another common option is to make an offer <\/span><a href=\"https:\/\/www.homelight.com\/blog\/buyer-how-to-remove-a-home-sale-contingency\/\"><span style=\"font-weight: 400;\">contingent on the sale of your current home<\/span><\/a><span style=\"font-weight: 400;\">. This can help reduce financial risk because you won&#8217;t be purchasing a new home until your existing property sells.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The problem many people face is that these offers are usually less competitive, so you might be picturing how your family will fit in the home, only to find that the seller has gone with another offer. A financing solution like HomeLight\u2019s Buy Before You Sell lets you <\/span><a href=\"https:\/\/www.homelight.com\/blog\/buyer-how-to-remove-a-home-sale-contingency\/\"><span style=\"font-weight: 400;\">remove a home sale contingency without selling<\/span><\/a><span style=\"font-weight: 400;\"> your house first.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Learn how bridge loans in Columbus, Ohio, work, what yours might look like, and how modern Buy Before You Sell programs can help you make your next move with ease.<\/p>\n","protected":false},"author":375,"featured_media":71763,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","cybocfi_hide_featured_image":"","footnotes":""},"categories":[192,629,632],"tags":[],"class_list":["post-71758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-buyers","category-home-financing","category-mortgage-loans"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.9 (Yoast SEO v27.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bridge Loans in Columbus, Ohio: How to Unlock Home Equity to Buy Before You Sell<\/title>\n<meta name=\"description\" content=\"Learn how bridge loans in Columbus, Ohio, work, what yours might look like, and how modern Buy Before You Sell programs can help you make your next move with ease.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.homelight.com\/blog\/buyer-bridge-loans-columbus-ohio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bridge Loans in Columbus, Ohio: How to Unlock Home Equity to Buy Before You Sell\" \/>\n<meta property=\"og:description\" content=\"Learn how bridge loans in Columbus, Ohio, work, what yours might look like, and how modern Buy Before You Sell programs can help you make your next move with ease.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.homelight.com\/blog\/buyer-bridge-loans-columbus-ohio\/\" \/>\n<meta property=\"og:site_name\" content=\"HomeLight Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/gohomelight\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-10T15:54:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.homelight.com\/blog\/wp-content\/uploads\/2026\/07\/Untitled-design-2026-07-09T221218.840.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"564\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Chloe Chahrouri\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@gohomelight\" \/>\n<meta name=\"twitter:site\" content=\"@gohomelight\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Chloe Chahrouri\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"11 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":[\"Article\",\"BlogPosting\"],\"@id\":\"https:\\\/\\\/www.homelight.com\\\/blog\\\/buyer-bridge-loans-columbus-ohio\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.homelight.com\\\/blog\\\/buyer-bridge-loans-columbus-ohio\\\/\"},\"author\":{\"name\":\"Chloe Chahrouri\",\"@id\":\"https:\\\/\\\/www.homelight.com\\\/blog\\\/#\\\/schema\\\/person\\\/b74cb8f86ecb30cebc08e3ba30646013\"},\"headline\":\"Bridge Loans in Columbus, Ohio: How to Unlock Home Equity to Buy Before You Sell\",\"datePublished\":\"2026-07-10T15:54:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.homelight.com\\\/blog\\\/buyer-bridge-loans-columbus-ohio\\\/\"},\"wordCount\":2044,\"publisher\":{\"@id\":\"https:\\\/\\\/www.homelight.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.homelight.com\\\/blog\\\/buyer-bridge-loans-columbus-ohio\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.homelight.com\\\/blog\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/Untitled-design-2026-07-09T221218.840.png\",\"articleSection\":[\"Buyers\",\"Financing\",\"Mortgages &amp; 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