What is a Bridge Loan?
A Bridge Loan is a short-term financing solution designed to help homeowners transition from one property to another. It provides temporary funding to cover the gap between selling your current home and purchasing a new one.
Program Features
- Loan Term: Typically 6–12 months.
- Loan Amounts: Flexible amounts based on equity in your current property.
- Loan-to-Value (LTV): Up to 60-70% LTV, depending on property type and borrower qualifications.
- Collateral: Primary residence, investment property, or other eligible real estate.
Key Benefits
- No Contingencies: Buy your next property before selling your current one.
- Quick Approvals: Fast processing times to help meet tight deadlines.
- Flexible Repayment Options: Interest-only or lump-sum payment at the end of the loan term.
- Customizable Terms: Tailored solutions based on your financial needs.
Eligibility Requirements
- Equity in Current Property: Must have sufficient equity to secure the loan.
- Creditworthiness: A strong credit profile is typically required.
- Exit Strategy: A clear plan for loan repayment (e.g., proceeds from property sale or permanent financing).
- Property Type: Residential and certain investment properties qualify.
How It Works
- Loan Application: Submit your financial documents and property details.
- Valuation: The current property is appraised to determine its value and equity.
- Loan Approval: Based on equity and creditworthiness, terms are finalized.
- Funding: Funds are disbursed to help close on the new property.
Why Choose Us for Your Bridge Loan?
- Expert Guidance: Our team works closely with you every step of the way.
- Competitive Rates: Access to some of the best rates in the market.
- Local Expertise: Understanding of California’s real estate market.
- Proven Track Record: Trusted by homeowners and real estate professionals alike.
Ready to Get Started?
Contact us today to learn more about our Bridge Loan program and take the next step toward your new home.
