On June 24, 2025, Rocket Mortgage launched a new product: bridge loans. This strategic solution is designed to help current homeowners leverage their existing home equity to purchase a new primary residence before selling their current one. This offers financial flexibility and allows buyers to compete more effectively with cash offers in tight housing markets.
The average homeowner possesses $181,000 in untapped equity, which these bridge loans unlock upfront for down payments or closing costs. The product provides clients up to six months to sell their existing home, with interest-only payments during that period. To qualify, the client's home must be listed, under contract, or have a guaranteed buyout agreement, and be associated with a Rocket Mortgage purchase loan.
This initiative addresses a significant pain point in the homeownership journey, particularly in competitive areas where homes sell quickly and often above asking price, such as San Jose where 67.1% of homes sold above asking in February. By removing the barrier of needing to sell first, Rocket aims to expand its purchase loan origination volume and enhance client experience.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.