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Pittsburg is seeing real investment. Contra Costa County just broke ground on a $155 million East County Service Center nearby, signaling infrastructure growth that supports the local housing market.
Bridge loans let you close on a new home before selling your current one. You keep your existing mortgage while the bridge covers the gap.
2-3 weeks
Typical Close Time
680+
Minimum Credit Score
20% minimum
Typical Equity Required
1-2% higher
Rate Premium vs. Conventional
Bridge Loans in Pittsburg
Bridge loans require solid equity in your current home. Most lenders want at least 20% equity and a credit score of 680 or higher.
Contra Costa County's median household income is $125,727. That income level supports purchases in the $500,000 to $700,000 range comfortably.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Pittsburg.
Pittsburg is seeing real investment. Contra Costa County just broke ground on a $155 million East County Service Center nearby, signaling infrastructure growth that supports the local housing market.
Bridge loans let you close on a new home before selling your current one. You keep your existing mortgage while the bridge covers the gap.
Bridge loans require solid equity in your current home. Most lenders want at least 20% equity and a credit score of 680 or higher.
Bridge lenders in California are mostly private and portfolio-based. They don't sell loans to Fannie Mae or Freddie Mac, so they can move fast.
Most bridge loans run 6 to 12 months. You refinance into a permanent mortgage once your old home sells. Rates run higher than conventional mortgages.
Bridge loans make sense in Pittsburg when you've found the right home but haven't sold yet. If you have solid equity, a bridge avoids losing a bidding war.
They don't work if your current home is underwater. The interest cost adds up fast, and if your old home doesn't sell, you're stuck refinancing under pressure.
Bridge loans cost more than conventional but close in weeks instead of 30 days. Conventional is cheaper if you can wait and sell first.
Home equity lines of credit are cheaper than bridge loans but slower to close. A bridge is a single loan that covers both the gap and the new purchase.
Pittsburg's proximity to the new East County Service Center matters for long-term value. Infrastructure investment like this typically supports stable home prices.
The county is also upgrading parks across the region with new soccer fields and restrooms. These quality-of-life improvements make neighborhoods more attractive to families.
Bridge loans typically close in 2-3 weeks. Conventional mortgages take 30-45 days. Speed is the main advantage when you need to move quickly.
No. That's the whole point — you borrow against your current home's equity while you buy the new one. You sell later and pay off the bridge.
Most bridge lenders require 680 or higher. Some will go lower if you have strong equity. Call for specifics on your situation.
You can typically borrow up to 80% of your current home's equity. If your home is worth $500,000 and you owe $300,000, you have $200,000 in equity.
You refinance the bridge into a longer-term loan or conventional mortgage. This costs more and creates pressure. Plan your timeline carefully.