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Bridge Loans in Huntington Park
Huntington Park's competitive market doesn't wait for your current home to sell. Bridge loans give you buying power now, not in 60-90 days.
In Los Angeles County's fast-moving inventory, sellers favor clean offers without home-sale contingencies. A bridge loan removes that deal-killer.
You need significant equity in your current property—most lenders want 20-30% minimum. Your combined loan-to-value across both properties can't exceed 75-80%.
Credit scores above 660 work, but 700+ gets better terms. Lenders focus on equity position more than income since the loan is temporary.
Bridge loans live in the non-QM space. You won't get this from Chase or Wells Fargo—it takes specialty lenders comfortable with short-term risk.
We work with about 15 bridge lenders actively lending in California. Each has different appetite for combined LTV, property types, and repayment timelines.
The biggest mistake is underestimating how fast you can sell. If your home sits longer than expected, that bridge loan becomes expensive carry cost.
I tell clients to price their existing home aggressively from day one. This isn't the loan to use if your sale timeline is uncertain or your property needs major work.
Hard money loans share similar speed but serve different purposes. Bridge loans assume you're selling one property to pay off the loan—hard money doesn't care about your exit.
Home equity lines work if you have enough available credit, but approval takes 3-4 weeks and you're making payments immediately. Bridge loans often allow deferred payments.
Huntington Park properties often appraise lower than asking in transitional blocks. Lenders use conservative values, which affects how much bridge financing you qualify for.
If you're buying in better parts of LA County while selling in Huntington Park, that appraisal gap matters. The lender uses lower of purchase price or appraised value on the new property.
Most bridge lenders close in 7-14 days with clean title. Properties with title issues or multiple liens take longer regardless of loan type.
Most bridge loans allow one 6-month extension with a fee. After that, you're refinancing into permanent financing or selling at a loss to exit.
Yes, but occupied properties complicate the sale timeline. Lenders want evidence you can deliver vacant possession or sell with tenants in place.
Appraisals are required, but inspections are optional. Lenders care more about market value and saleability than repair items in short-term loans.
Most lenders require 25-30% equity minimum. If you're borrowing against a recently purchased property with little appreciation, you won't qualify.
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.