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Bridge loans work when timing matters more than rate. You've found the right property in Orange Cove but your current home hasn't sold yet.
Most borrowers use bridge financing for 6-12 months while marketing their existing property. The loan converts or pays off once your sale closes.
Bridge Loans in Orange Cove
Lenders evaluate equity in your current property plus ability to carry both payments short-term. Most require 20-30% equity in the property you're selling.
Credit matters less than asset position. We've closed bridge loans for borrowers with 640 scores when equity coverage is strong.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Orange Cove.
Bridge loans work when timing matters more than rate. You've found the right property in Orange Cove but your current home hasn't sold yet.
Most borrowers use bridge financing for 6-12 months while marketing their existing property. The loan converts or pays off once your sale closes.
Lenders evaluate equity in your current property plus ability to carry both payments short-term. Most require 20-30% equity in the property you're selling.
Bridge loans come from private lenders and specialty finance companies, not traditional banks. Rates run 7-12% as of February 2026.
Orange Cove borrowers need brokers who maintain direct lender relationships. Portfolio lenders move faster than correspondent channels on these deals.
Most bridge loan failures happen when borrowers overestimate how fast their current home will sell. We price your existing property conservatively before committing.
The best strategy pairs bridge financing with aggressive listing pricing. Take a realistic sale price, not your ideal number.
Hard money loans fund faster but cost more — rates hit 10-15%. Bridge loans offer slightly better pricing when you have strong credit and equity.
Home equity lines work if your current property has available equity and you can wait 3-4 weeks. Bridge loans close faster when timing is tight.
Orange Cove properties often take longer to sell than Fresno metro markets. Factor 90-120 days minimum when planning your bridge loan term.
Agricultural properties or larger rural parcels require specialized bridge lenders. Not every portfolio lender underwrites Fresno County rural properties.
Most lenders offer 6-month extensions at 1-2% fee. Some require you to refinance into a longer-term loan if the property remains unsold.
Yes, if you're selling another investment property. Lenders underwrite the equity position and exit strategy the same way.
Typically 70-80% of your current property value. Loan amounts depend on existing equity and the purchase price of your new property.
Yes, lenders order appraisals on the property you're selling and the one you're buying. Expect 7-10 days for both reports.
Some lenders use 75% of projected rental income on your current home to offset the payment. You need a signed lease to qualify.