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How a Client Closed a $3.28M Super Jumbo Loan and Skipped the Bridge Loan

$3.28 Million Super Jumbo Loan Closed: Buying a Dream Home Before Selling
At First Liberty Funding, our goal isn’t simply to provide the loan a client initially asks for. It’s to understand the full financial picture and determine which financing strategy makes the most sense.
That approach recently helped us close a $3.28 million super jumbo loan for a client purchasing his dream home — while giving him the flexibility to sell his existing property on his own timeline.
The Challenge: Buying a New Home Before Selling the Current One
Our client originally contacted us looking for a bridge loan.
He had found his dream home and wanted to move quickly, but his current property was still in the process of being sold. He needed financing that would allow him to complete the new purchase without waiting for his existing home to close.
A bridge loan seemed like the obvious solution.
However, after our initial conversation and a detailed review of his financial profile, we determined there was a more financially beneficial option.
The Solution: A Super Jumbo Loan for His Primary Residence
Rather than placing the client into short-term bridge financing, we recommended moving forward with a traditional primary residence super jumbo mortgage.
For this borrower, the long-term financing option offered significant advantages. Instead of taking on temporary bridge financing and potentially needing to refinance shortly afterward, he could secure competitive permanent financing from the start.
We were able to secure:
$3.28 million super jumbo loan
6.75% interest rate
Large lender credit covering essentially all closing costs
Virtually no out-of-pocket closing costs
This structure allowed the client to purchase his new home without making the transaction dependent on the sale of his existing property.
The Result: Clear to Close in Just 10 Days
Timing was another important part of this transaction.
Once we determined the right financing strategy, our team moved quickly through the loan process and obtained Clear to Close in just 10 days.
The financing was ready in time to meet the originally scheduled closing date, allowing the client to complete the purchase without delaying the transaction.
Just as importantly, he now has long-term financing secured on his new home and can sell his previous property without being rushed by a bridge loan timeline.
Do You Always Need a Bridge Loan to Buy Before You Sell?
Not necessarily.
Bridge loans can be extremely useful for buyers who need to access equity from an existing property or who cannot qualify for both properties simultaneously. But for borrowers with the right income, assets, and financial profile, qualifying directly for a jumbo or super jumbo mortgage may be a more cost-effective solution.
In this case, what started as a request for bridge financing ultimately became a $3.28 million super jumbo primary residence loan at 6.75%, with a substantial lender credit covering essentially all closing costs.
The client secured his dream home, closed on schedule, avoided the need for temporary bridge financing, and gained the flexibility to sell his existing home on his own timeline.
At First Liberty Funding Corporation, we look beyond the initial loan request to help borrowers evaluate the financing structure that makes the most sense for their individual situation.
Buying a new home before selling your current property? Whether you’re considering a bridge loan, jumbo mortgage, or super jumbo financing, contact First Liberty Funding Corporation to explore your options.
Every borrower’s situation is different, and the right answer isn’t always the loan product you start out asking for. In this case, a thorough review of the client’s financial profile made it clear that a super jumbo loan structured as permanent financing beat a short-term bridge loan on cost, timing, and long-term flexibility. That’s the kind of analysis we run on every file that comes through our door.

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