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Bridge Loans in Bradbury
Bradbury's gated estates don't move on typical timelines. When you need to close on a multi-million dollar property before your current home sells, bridge financing becomes essential.
Traditional lenders won't touch deals this complex. Bridge loans give you 6-24 months to orchestrate the sale of one luxury property while securing another.
Most Bradbury buyers using bridge loans have $2-5M tied up in their current home. The loan covers your down payment and buys you time to sell at the right price.
You need substantial equity in your current property—typically 30-40% minimum. Lenders base approval on the combined value of both properties, not just income.
Credit scores matter less than equity position. Most lenders want 680+, but strong borrowers with significant assets can qualify lower.
Expect rates 7-12% with fees of 1-3 points. This isn't cheap money—it's speed and flexibility when timing matters more than cost.
Bridge loans aren't advertised on rate sheets. We source these from specialty lenders who underwrite based on deal structure, not automated systems.
Your timeline determines which lenders work. Some can close in 7-10 days. Others need 21 days but offer better rates.
Every lender has different appetites for loan amounts and property types. Access to multiple lenders matters more here than any other loan product.
I see two scenarios in Bradbury. First: buyers who found their next estate and need to move fast. Second: sellers who already bought and need breathing room to prep their current home.
The exit strategy matters most. Lenders want to see a realistic plan to sell your existing property. Overpriced listings kill deals during underwriting.
Interest-only payments keep your monthly cost manageable while both properties are in play. You're paying for optionality, not building equity.
Hard money loans fund faster but cost more—rates often hit 10-14%. Bridge loans from institutional lenders offer better terms when you can wait 2-3 weeks.
Home equity lines sound cheaper but most lenders cap them at $500K. That doesn't help when you need $2M for a Bradbury down payment.
Construction loans only work if you're building. Interest-only mortgages require selling first. Bridge loans are the only product that handles overlapping ownership.
Bradbury properties take longer to sell by design. The buyer pool is small and selective. Bridge loans give you 12-18 months to find the right buyer at your price.
Many deals involve trust-held properties or complex estate situations. Bridge lenders experienced with high-net-worth borrowers handle this better than retail banks.
Property values in gated Bradbury communities hold stable even in market downturns. Lenders view this as lower-risk collateral than neighboring areas.
We can close in 10-14 days with complete documentation. Rush scenarios hit 7 days but expect higher rates for speed.
Most bridge loans allow one extension of 6-12 months for a fee. We structure the initial term to give you realistic time to sell.
Not always, but lenders want to see a marketing plan. Having a listing agreement and realistic pricing strengthens your application significantly.
Yes, if the land value supports the loan amount. We've financed several Bradbury tear-down purchases where buyers needed time to secure construction financing.
You pay off the loan early with no penalty in most cases. Some lenders require minimum interest of 3-6 months regardless of payoff timing.
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.