What is a tax credit bridge loan?

A tax credit bridge loan is designed to help a home buyer get some of the money that she needs to purchase a house over and above the funds from the primary mortgage. With this type of loan, a home buyer that is eligible for a tax credit can give the money from this tax credit to a lender, and the lender will then provide her with cash. It is basically like getting an advance on a tax credit. The money can then be used to pay for various expenses incurred when buying the house.