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Bridge Loans in Arcadia
Arcadia buyers face a timing problem. You find the right house but haven't sold your current one yet.
Bridge loans solve this by funding your purchase now. You close on time without scrambling for a buyer.
Most Arcadia deals close in 30-45 days. Bridge financing matches that speed when conventional lenders can't.
Lenders focus on equity, not employment. You need 20-30% equity in your current property to qualify.
Credit matters less than assets. Most approvals happen with 620+ scores and proof your existing home will sell.
Rates run 7-12% for 6-12 month terms. You're paying for speed and flexibility, not long-term affordability.
Bridge loans come from private lenders and specialty institutions. Banks rarely touch them due to short timelines.
Each lender prices risk differently. Some cap at 70% combined loan-to-value, others go to 80% if equity is strong.
We access 40+ bridge lenders through our network. Shopping matters because rate spreads hit 3-4 points between offers.
Most borrowers overpay because they call one lender in a panic. We see this constantly in competitive markets.
The strongest deals show a listing agreement on the existing property. Lenders price better when they see an active sale plan.
Exit strategy matters more than down payment size. If your current home won't sell quickly, bridge financing backfires fast.
We structure these as interest-only payments. Your monthly cost stays manageable while you handle two properties.
Hard money loans fund faster but cost 10-15% annually. Bridge loans take 2-3 weeks but save several points in interest.
Home equity lines seem cheaper at first. They don't work for purchases and require 60+ day approvals in most cases.
Interest-only mortgages cost less per month. They require full income documentation and won't fund before you sell.
Arcadia's stable market helps bridge loan approvals. Lenders view properties here as lower risk than volatile areas.
Proximity to Pasadena and downtown LA creates strong buyer demand. Your exit timeline looks better to underwriters because of this.
Strong school districts drive consistent sales velocity. Lenders know your current home won't sit empty for months.
Chinese buyers create additional demand in Arcadia. This international interest strengthens your position with bridge lenders.
Most approvals close in 2-3 weeks. Lenders move faster than banks because they focus on equity, not employment verification.
You can extend for 3-6 months at higher rates. Better option: price your existing property aggressively from day one.
Yes, but rates run 1-2 points higher. Lenders view investor deals as riskier than primary residence transitions.
No, most bridge lenders skip employment verification. They care about your equity and exit strategy, not W-2s.
Rates vary by borrower profile and market conditions. Expect 7-12% depending on equity, credit, and loan-to-value ratio.
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.