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Union City's real estate market attracts Bay Area buyers seeking established neighborhoods and job-center proximity. Bridge loans solve a specific problem: you need to buy before you sell.
The Alameda County median household income of $126,240 supports purchases across Union City's range. Bridge financing lets you move on your timeline.
7-14 days
Typical Close Timeline
20% minimum
Equity Required
640+ typical
Credit Floor
50%
Max Debt-to-Income
Bridge Loans in Union City
Bridge loans prioritize equity and exit strategy over credit score. Most lenders want 20% equity in your current home and a clear repayment plan.
Debt-to-income limits run 50% or higher. The Alameda County median household income of $126,240 means qualifying households can service meaningful debt while bridging.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Union City.
Union City's real estate market attracts Bay Area buyers seeking established neighborhoods and job-center proximity. Bridge loans solve a specific problem: you need to buy before you sell.
The Alameda County median household income of $126,240 supports purchases across Union City's range. Bridge financing lets you move on your timeline.
Bridge loans prioritize equity and exit strategy over credit score. Most lenders want 20% equity in your current home and a clear repayment plan.
Bridge lenders in California operate differently than traditional mortgage banks. They focus on speed and equity position rather than lengthy underwriting.
Retail banks rarely offer bridge loans. Non-bank lenders and portfolio lenders dominate this space. Rates typically run 1-2% above conventional 30-year fixed rates.
Bridge loans make sense in Union City when you have equity and a firm sale date or permanent financing lined up. A bridge eliminates the contingency that kills offers.
They don't work if your sale timeline is uncertain. Carrying two payments for 90+ days adds up fast.
Conventional loans require a sale contingency or proof of funds. Bridge loans skip both and close immediately on your new home.
FHA and VA loans require full appraisals and standard underwriting. Bridge loans are the only option when you need to move in 10 days.
Union City's restaurant scene is expanding rapidly with Filipino, Mexican, and specialty cuisines opening across the East Bay. That neighborhood investment signals stability for buyers.
Measure W allocated $15 million for housing in nearby Berkeley. Dublin approved a 113-unit senior affordable project. These initiatives support long-term property values.
Most bridge loans close in 7-14 days. No appraisal, no lengthy underwriting—just equity verification and title work.
You need equity in your current home, but not an active sale. A confirmed closing date works.
Your permanent financing takes over. That's why lenders require proof of your exit strategy before funding.
Yes, typically 1-2% higher. You're paying for speed and flexibility. The short-term nature justifies the premium.
Yes—that's a primary use case. You close on the Union City home immediately and repay when your other sale closes.