Are you thinking that it's time to build a new home?

Do you want to renovate your current home?

Is there time between your purchase closing and your sale?

If so, you may consider what many other homeowners have found beneficial: short-term bridge financing options.

Unlock your home-buying power with a home construction loan or bridge loan from CNB St. Louis Bank. Our competitively priced loans and financing options can help put your mind at ease during oftentimes stressful transitions.

Key Features Include:

  • Competitive variable rate for the term of construction

  • Easily converts to any of the permanent mortgage programs offered by CNB

  • The amount of credit can be up to 80% of the value of the property

  • Reduced rate for automatic debit of payments from a CNB deposit account

To learn more, contact our construction and bridge loan specialist:

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What is a Bridge Loan?

A bridge loan (swing loan) is a short-term loan designed to help you move forward when timing doesn't always line up perfectly. Whether you're purchasing a new property before your old home sells or navigating a business transition, a bridge loan can provide temporary access to working capital. This way, you don't have to put your plans on hold. 
 
At its core, bridge financing is an interim financing option designed to clear the way during moments when decisions need to be made quickly.

How Do Bridge Loans Work?

Bridge financing covers the gap between today's needs and tomorrow's funding.
 
For example, you may use a bridge loan to move ahead with a purchase while you're waiting on proceeds from an existing home's sale or other long-term financing solutions. Once that next step is complete, homeowners typically use those funds to repay the bridge loan.
 
Because every situation is different, bridge loan terms and approval will depend on factors like your:
  • Credit history/credit score
  • Debt-to-income ratio
  • Available collateral
  • Individual repayment plan
At CNB St. Louis Bank, we believe these moments shouldn't feel confusing.  Our team takes the time to walk you through your options, so you understand exactly how everything fits together.

What are the Benefits of a Bridge Loan?

Bridge financing can help bring momentum to time-sensitive decisions.

Potential benefits of bridge loans include:
  • Access to upfront funds when timing matters most
  • Flexibility to move forward without waiting on other transactions
  • The ability to act on opportunities with more confidence
For many people, the biggest advantage to this short-term financing solution isn't just the financing; it's having the ability to take the next step without unnecessary delays.

What are the Disadvantages of a Bridge Loan?

Bridge loans can be helpful, but they're not the right fit for every situation.
 
Possible cons of bridge loans include:
  • Short-term nature, which requires a clear repayment plan
  • Qualification and collateral requirements, which vary by borrower
  • Timing risk, especially if your expected source of repayment is delayed
  • Added financial responsibility during the loan period

How Long Does it Take to Get Approved for a Bridge Loan?

Approval timelines can vary depending on the exact situation and the details of the transaction.
 
In some cases, bridge financing may move more quickly that traditional long-term loans. However, approval is not always guaranteed, and you should be prepared to provide financial information and a clear repayment strategy.
Working with a local lender who understands your goals can help make the process more straightforward.

How Long Does Bridge Financing Typically Last?

Bridge financing is a temporary financing solution. The loan typically remains in place until a specific milestone is reached, such as selling a property or securing permanent financing. The exact timeline will vary based on the exact situation and the loan structure, though.
 
At CNB St. Louis Bank, we know milestone moments often come with pressure. That's why we focus on helping you understand your options and timing so that you can move forward with a plan, not guesswork.














FAQs

Different financial institutions may have different structures, underwriting, origination fees, loan amounts, and repayment terms. That said, common structures for bridge loans include interest-only payments, monthly payments, or balloon payments at the end of the loan term. 
 
To learn more about bridge loans from CNB St. Louis Bank, please contact us for more details.
Other financing options that may be available to qualifying individuals as alternatives or supplements to bridge financing for real estate transactions include:
  • Home Equity Line of Credit (HELOC) loans
  • Home equity loans and other second mortgage loans
  • Personal loans
Reach out to one of our consumer loan specialists to discover the best option for your specific situation. 

Yes! At CNB St. Louis Bank, we pride ourselves on our outstanding customer service. Our team is ready to meet with you where you're at, whether that be online, by phone, or in person. 

You can start the process here anytime, or simply give us a call!

Yes. CNB St. Louis Bank an Equal Housing Lender.  We are committed to fair and responsible lending practices and comply with the Equal Housing Opportunity Act. We make lending decisions without regard to race, color, national origin, religion, sex, familial status, disability, or other characteristics protected by applicable law.
The Nationwide Multistate Licensing System & Registry (NMLS) is a nationwide system used to maintain licensing and registration information for mortgage lenders and mortgage loan originators. Consumers can use NMLS Consumer Access to verify registration and licensing information. CNB St. Louis Bank's NMLS ID is 447291 and each of our lenders who work with mortgage loans is also registered. 
Yes! CNB St. Louis Bank is a member of the FDIC (Federal Deposit Insurance Corporation).  
FDIC insurance protects eligible deposit accounts held at the bank, subject to applicable ownership categories and insurance limits. FDIC insurance does not apply to bridge loans or other loan products.



































Let's Talk

Our team is always ready to connect, answer your questions, and walk you through your bridge financing options. Get in touch with CNB St. Louis Bank today.