Home Swap is a loan program designed to help current homeowners buy a new home without having to sell their existing home first. It functions similar to a traditional bridge loan, which is a short-term loan that people can use in the lead up to securing long-term financing. Instead of having to sell first and then find temporary housing while searching for a new home to buy (or worse, take on two mortgages), homeowners get the flexibility to close on their new home and then go through the process of selling. That means no double mortgages and no juggling timelines to try and minimize the period in between closings.