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Alhambra moves fast. When a good property hits the market, waiting on your current home to sell isn't a real option.
A bridge loan gives you short-term cash to close on the new property. You repay it once your existing home sells.
Bridge Loans in Alhambra
Bridge loans are non-QM products. Lenders care more about your equity and exit strategy than your W-2.
You typically need strong equity in your current home — often 20% or more. Credit matters, but it's not the whole story.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Alhambra.
Alhambra moves fast. When a good property hits the market, waiting on your current home to sell isn't a real option.
A bridge loan gives you short-term cash to close on the new property. You repay it once your existing home sells.
Bridge loans are non-QM products. Lenders care more about your equity and exit strategy than your W-2.
Banks rarely do bridge loans. Most come from private lenders and portfolio shops — exactly who we work with daily.
We shop across 200+ wholesale lenders to find the right bridge product. Terms vary significantly between lenders.
The deals that fall apart aren't about equity. They're about a weak exit plan. Lenders want to see your departing home listed or under contract.
Carry costs add up fast on a bridge loan. Run the numbers before you commit — know your breakeven if the sale takes longer than expected.
Hard money loans are a close cousin to bridge loans. Both are short-term and asset-based — but hard money often comes with higher rates and fees.
Interest-only loans stretch cash flow but don't solve the timing problem. A bridge loan is built specifically for the buy-before-you-sell situation.
Alhambra sits in a dense, high-demand corridor of LA County. Properties here rarely sit long, and sellers often won't wait on contingencies.
That competitive pressure makes bridge financing more than a convenience — it's often what gets the deal done.
Most bridge loans run 6 to 12 months. Some lenders offer up to 24 months if the exit strategy is solid.
Some lenders allow it, but your rate and terms improve significantly once the home is listed or under contract.
Not always. Many bridge lenders focus on equity and exit strategy. Full income docs are not always required.
You may be able to extend the bridge loan — but that costs money. Plan for delays before you close.
A HELOC taps equity while you still own the home. A bridge loan funds your next purchase before the sale closes.