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Bridge Loans in Hidden Hills
Hidden Hills estate transactions rarely follow a clean timeline. When your next property closes before your current one sells, a bridge loan keeps you competitive.
Most Hidden Hills buyers need 60-180 days to close their existing home. Bridge financing covers that gap without forcing you to list low or accept contingent offers.
Lenders underwrite bridge loans on combined property value, not just income. You need substantial equity in your current home—typically 30-40% minimum.
Credit matters less than equity position. Most lenders approve 660+ scores if your total LTV across both properties stays under 75%.
Banks won't touch bridge loans in Hidden Hills' price range. You need private lenders who specialize in high-value short-term financing.
Rates run 7-12% depending on equity and exit strategy. Points add another 1-3% upfront. That cost matters less than securing the property you want.
Half my Hidden Hills bridge loan clients close their sale within 90 days. The other half need extensions, which cost 0.5-1% per month. Budget worst-case timelines.
List your current property before closing the bridge loan. Lenders want proof you're actively selling, and buyers move faster when they know you're serious about the timeline.
Hard money loans fund faster but cost 2-3% more in rate. Bridge loans offer slightly better pricing because you're owner-occupied, not an investor flip.
HELOC seems cheaper until you factor in 45-day approval timelines. In Hidden Hills, waiting that long kills most deals before you even make an offer.
Hidden Hills properties take 90-120 days to sell on average, longer than most LA County markets. Factor that extended timeline into your bridge loan term and reserve budget.
Gated community buyer pool is smaller and more deliberate. Price your current home right from day one—you won't get the luxury of testing the market while carrying two mortgages.
Most private lenders close in 7-14 days with clear title and equity verification. Appraisal on both properties adds 3-5 days to timeline.
You pay extension fees (0.5-1% monthly) or refinance into permanent financing. Have a backup plan before taking the bridge loan.
Yes, but lenders discount contingent sale prices by 10-20% when calculating LTV. You need more equity to qualify than with a firm contract.
Absolutely. Private lenders prefer high-value properties with clear exit strategies. Expect stricter LTV requirements above $5M—usually 65% combined max.
Bridge loans make sense when listings move fast and you'd lose your target property waiting. If your timeline is flexible, selling first saves 7-12% annual interest.
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.