Oakland County · Metro Detroit
Bridge Loans in Troy, Michigan
In Troy and the broader Oakland County corridor, a bridge loan lets you buy your next home before selling your current one — useful in a market known for strong schools and steady demand. When move-up buyers compete for the same homes, offer strength matters, and a bridge loan lets you make an offer that doesn't depend on selling first. I'm David Keblaitis, a Michigan-licensed loan originator based nearby, and I help Troy-area families move up with confidence.
The Troy market and why buying first works here
Troy is one of Oakland County's most sought-after communities, prized for its highly rated schools, its concentration of employers and corporate offices, and its central location in Metro Detroit. That combination sustains steady buyer demand, and well-located homes in top districts can attract more than one offer. Neighboring communities like Birmingham, Rochester Hills, and Bloomfield share that competitive character.
For move-up buyers — the families upsizing as kids grow or chasing a specific school boundary — the challenge is rarely finding a home; it's winning it against other strong buyers. A home-sale contingency weakens your position exactly when you can least afford it. A bridge loan removes that contingency by unlocking your current equity up front.
In September 2026, Oakland County homes averaged 28 days on market (Realcomp). A well-priced current home that sells in a reasonable time keeps the overlap between the two homes, and its costs, contained.
Oakland County at a glance, September 2026
- Median sale price
- $383,500
- Average days on market
- 28
Source: Realcomp, September 2026 single-family statistical highlights (2026-10-07)
Troy-area communities we serve
- Birmingham
- Rochester Hills
- Bloomfield Hills
- Royal Oak
- Sterling Heights
- Clawson
Michigan rules to plan around in Oakland County
- Homestead exemption on the old home. Owning two Michigan homes for a while doesn’t have to cost you the homestead (principal residence) exemption on the old one. With Treasury Form 4640 you can keep it for up to three years while the old home is for sale, not occupied, not leased and not used for business, once you have established your new Michigan principal residence. File by June 1 or November 1 of the first year and again each year by December 31.
Source: Michigan Treasury, Conditional Rescission of the Principal Residence Exemption (checked 2026-10-17)
- Transfer tax when you sell. When you sell, Michigan’s state real estate transfer tax is $3.75 for each $500 of value and the county tax is 55 cents for each $500 in counties under two million people (up to 75 cents in larger ones), and the seller pays both by law.
Sources: MCL 207.525 (State Real Estate Transfer Tax Act) (checked 2026-10-17); MCL 207.504 (county real estate transfer tax) (checked 2026-10-17); MCL 207.523 (seller is liable for the state tax) (checked 2026-10-17); MCL 207.502 (seller is liable for the county tax) (checked 2026-10-17)
- MSHDA in Oakland County. MSHDA’s MI Home Loan is for first-time buyers (no home owned in the past three years) statewide and repeat buyers only in targeted areas. Outside targeted areas, anyone who has owned a principal residence in the last three years is not eligible. If you own a home now, have a participating lender check the new home’s address and your situation before you count on MSHDA. In Oakland County, MSHDA's targeted areas include Pontiac, Royal Oak Township and Southfield; Troy is not one of them.
Sources: MSHDA, MI Home Loan (checked 2026-10-17); MSHDA Targeted Areas flyer (2024-05-01)
More in the Michigan buy-before-you-sell guide and the comparison of ways to buy before you sell.
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Bridge loans across Michigan
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David Keblaitis, NMLS #167980, Cornerstone First Mortgage, LLC, NMLS #173855. Market figures are for the whole county and month shown, not a forecast or an estimate of your home's value.