Move your loved one into senior living quicker.
ElderLife Bridge Loans allow you to quickly obtain financing while you wait for more permanent funds to become available.
For example, you may need to pay a community’s monthly rent before your loved one’s home sells or cover the bill out of pocket before veterans benefits kick in. Bridge loans give you the time to make the best decision for you and your family. And it’s easy to apply today.
Trusted by over 8,500 families
What are bridge loans?
Short-term funds up to 12 months
Borrow between $5,000 – $500,000
Funds available in as little as 24 hours
How do bridge loans work?
ElderLife Bridge Loans use a line of credit structure so you have the flexibility to borrow the amount you need, when you need it. We’ll send funds directly to any of more than 3,500 senior living communities across the nation.
The most common bridge loan scenarios include:
-
You are completing the sale of a loved one’s home.
-
Your loved one’s VA benefits application is pending.
-
You are awaiting a payout from a loved one’s long-term care insurance.
Don’t have a lump sum of money opening up? We still have options for you. Call us or check out our other options for personal loans, insurance reviews or tax deductions.
Calculate your
affordable payments
Use our free calculator to estimate your payments based on your financial situation.
open payment calculator
Why should I get a bridge loan?
No application fee
Interest-only payments
Add up to 6 people on a loan
No pre-payment penalties
How do I apply for a bridge loan?
Applying for a bridge loan is as easy as a quick, 15-minute call with our Financial Concierge® — or you can start the application process online. The process is complimentary, and there are no upfront fees or costs to worry about.
Steps to getting an ElderLife Bridge Loan:
-
Understand your family’s story.
-
Understand your chosen community’s monthly cost.
-
Create a customized plan based on your unique situation.
-
Apply and receive funds within 24 hours.
Learn more about bridge loans
Comparing Loans for Seniors Who Need To Fund Long-Term Care
[Last updated November 25, 2024] Many loans for seniors can…
4 Steps to Choosing a Bridge Loan for Senior Care
Bridge loans help quickly cover the immediate costs of senior…
Benefits of Using a Bridge Loan To Fund Senior Care
Using a bridge loan to help pay for senior care…
Interest Rates and Your Loan for Senior Care
With recent federal interest rate hikes and inflation at a…
Use a Bridge Loan to Fund Senior Care
Sometimes, the transition to getting senior care can happen quickly.…
What Is a Bridge Loan?
A bridge loan helps solve cash flow issues by providing…
More financial options
