Loading
Bridge Loans in Agoura Hills
Agoura Hills properties don't sit around waiting for buyers to sell their current home. When you find the right place in this competitive Los Angeles County market, you need to move fast.
Bridge loans give you buying power before your sale closes. They work especially well in areas where sellers expect clean offers without contingencies.
Most bridge lenders want 20-30% equity in your current property. Your credit score matters less than your exit strategy—how you'll pay the loan back.
You need proof your existing home will sell. That means a listing agreement, recent comps, or a buyer already in contract. Lenders won't fund if they doubt your payoff plan.
Bridge loans come from private lenders and non-QM shops, not Fannie Mae. Rates run 7-12%, with most deals closing in under two weeks if you have clean paperwork.
The best lenders structure these as first position loans that pay off your existing mortgage. Others do second liens, which cost more and carry higher risk.
Bridge loans cost more than traditional mortgages, but they save deals that would otherwise fall apart. I see borrowers lose dream properties trying to avoid the extra interest expense.
Calculate the total cost including fees and monthly payments. If holding both properties for six months costs $15,000 but saves you from losing a $50,000 discount, the math works.
Hard money loans fund faster but cost more—think 10-15% rates. Bridge loans offer better terms because lenders see your existing equity as security.
Home equity lines work if you have time and strong credit. Bridge loans skip the 30-45 day HELOC approval process and don't require income documentation in most cases.
Agoura Hills sits in a pocket where buyers often upgrade locally. Bridge loans make sense when you're moving within the same school district or neighborhood.
Properties here can take 30-90 days to sell depending on price point. Your bridge loan term needs to account for realistic market timing, not best-case scenarios.
Most lenders require an active listing or signed purchase agreement. Some will approve with a pre-listing appraisal and realtor letter confirming marketability.
You'll need to refinance into permanent financing or extend the bridge term at additional cost. Most lenders allow one 6-month extension with fees.
Yes, unless your bridge lender offers payment deferral. Budget for both payments plus the bridge loan interest for at least 90 days.
Absolutely. Bridge loans work well for investors buying before selling another rental. Rates and terms match owner-occupied deals in most cases.
Minimum 20%, but 30% gives you better terms. Lenders combine both property values and cap total leverage at 75-80% loan-to-value.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.