The Challenge
In today’s tight real estate market, many homeowners face a common dilemma: how to buy a new home before selling their current one. Traditional bridge loans offer a potential solution but they often come with steep rates, limited flexibility, and long timelines.
NEO Home Loans powered by Better client, Geraldine C, faced this exact challenge and was on track to pay over $40,000 in points using a conventional bridge loan from a private lender.
The NEO Home Loans powered by Better Difference
At NEO Home Loans powered by Better, we don’t just think differently, we act differently. That mindset led us to develop our Bridge Loan HELOC, a flexible lending solution designed to deliver speed, savings, and simplicity in competitive markets.
Thanks to our nimble underwriting team, advanced technology, and innovative lending approach, we were able to move quickly and deliver a solution that would have been unthinkable elsewhere:
- Underwritten in 2 Days
- Funded in Just 3 Days Total
- Saved the Client Over $34,000 in Points
What Made This 2-Day HELOC Bridge Loan Work
Most buyers disqualify themselves before ever speaking with a mortgage advisor, and that’s exactly where NEO changes the game. Our mortgage advisors take the time to understand the full financial picture and uncover solutions many clients don’t realize exist.
In this case, our team determined the client didn’t need to rely on a high-interest, hard-money loan. Instead, our Bridge Loan HELOC provided the funds they needed to secure their next home, without the excessive costs.
“She was going to pay over $40,000 in points with a traditional bridge loan… Instead, she paid around $6,000. That’s a real savings of $34,000!” — Drew Frampton, NEO Mortgage Advisor
A Win for Homebuyers and the Future
This isn’t just a win for one homebuyer. It’s proof that NEO Home Loans powered by Better is transforming the way people experience home financing.
By combining smarter products, faster execution, and the power of Better’s AI-driven platform, we’re helping clients make confident, empowered financial decisions and achieve homeownership on their terms.
Disclaimer: Closing and funding times not representative of typical customer experience. Speed of process dependent on qualification/document acquisition/multiple other non-exhaustive factors
