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Inglewood's real estate market moves fast, and bridge loans fill a critical gap for buyers who need cash now. These short-term loans let you purchase a new home before selling your current one, eliminating the contingency that slows down offers.
Bridge loans typically run 6 to 12 months and carry higher rates than traditional mortgages. They're designed as a bridge to permanent financing, not a long-term solution.
7-14 days
Typical Closing Timeline
2-4% higher
Rate Range vs. Conventional
20% in current home
Minimum Equity Required
80% of new home value
Max Loan Amount
Bridge Loans in Inglewood
Bridge lenders focus on equity and exit strategy, not credit scores. You'll need at least 20% equity in your current home and proof that you can service the bridge payment plus your existing mortgage.
Los Angeles County's median household income of $87,760 supports homes in the $400,000 to $500,000 range comfortably. Bridge loans work best when you have solid equity and a clear path to permanent financing.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Inglewood.
Inglewood's real estate market moves fast, and bridge loans fill a critical gap for buyers who need cash now. These short-term loans let you purchase a new home before selling your current one, eliminating the contingency that slows down offers.
Bridge loans typically run 6 to 12 months and carry higher rates than traditional mortgages. They're designed as a bridge to permanent financing, not a long-term solution.
Bridge lenders focus on equity and exit strategy, not credit scores. You'll need at least 20% equity in your current home and proof that you can service the bridge payment plus your existing mortgage.
California's bridge loan market is dominated by private lenders and specialty finance firms, not traditional banks. These lenders move fast because speed is their competitive advantage.
Underwriting focuses on the property and your exit plan, not your credit history. Most lenders require a pre-approval letter from a permanent lender showing you can refinance or take a traditional mortgage within the bridge term.
Bridge loans make sense in Inglewood when you're competing against all-cash buyers but your current home hasn't sold yet. The speed and certainty let you win offers in a competitive market.
They don't make sense if you can't comfortably carry both payments or if your exit strategy is unclear. Bridge rates are steep — if you're betting on a rate drop before refinancing, the math rarely works.
Contingent offers on a traditional mortgage are cheaper but slower — lenders typically take 30-45 days to close. Bridge loans cost more upfront but let you make a non-contingent offer that wins in competitive neighborhoods.
A home equity line of credit (HELOC) is cheaper if your bank will fund it, but approval takes weeks and draws are often capped. Bridge loans have no draw limits and close in days, making them the faster choice when time matters.
Inglewood's proximity to SoFi Stadium and the new entertainment district has driven buyer interest sharply upward. Homes that would have sat for months now sell in weeks, making bridge loans a practical tool for serious buyers.
The city's school district improvements and transit access to LAX and downtown LA attract both owner-occupants and investors. Bridge loans appeal to both groups when timing is tight.
Bridge loan amounts depend on your equity in the current home and the value of the new property. Most lenders cap the bridge at 80% of the new home's value, so a $500,000 purchase would support a $400,000 bridge.
You'll need a permanent exit — either a refinance into a traditional mortgage or an extension from the bridge lender. Plan your timeline carefully; most bridge terms are 6 to 12 months.
No. Bridge lenders care more about equity and exit strategy than credit scores. A 650+ FICO is typical, but strong equity and a solid refinance plan matter more than a perfect score.
Bridge rates run 2-4% above conventional mortgages, and you'll pay origination fees of 1-2%. On a $400,000 bridge, expect $4,000-$8,000 in upfront costs plus higher monthly interest.
Yes — that's exactly what bridge loans are designed for. You can make a non-contingent offer on your new home while your current home is listed, giving you a real advantage in a competitive market.