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La Puente sits in Los Angeles County, where the median household income of $87,760 supports homes across a wide price range. Bridge loans solve a specific timing problem: you've found your next home but haven't sold the current one yet.
A bridge loan lets you close on the new purchase immediately, using the old home as collateral. You repay it when your original house sells. No waiting for a buyer, no contingencies, no losing the home you want.
6 to 12 months
Typical Bridge Term
20% to 30% minimum
Equity Required
680 (700+ preferred)
Credit Score Floor
5 to 10 business days
Underwriting Timeline
Bridge Loans in La Puente
Bridge loans require significant equity in your current home — typically 20% to 30% minimum. Lenders want to know the sale price is realistic and the timeline is tight. Credit scores usually start at 680, though 700+ is safer.
Los Angeles County's median household income of $87,760 doesn't directly limit bridge qualification. Instead, lenders focus on the equity cushion and your ability to carry two mortgages briefly. Most borrowers have 6 to 12 months to sell.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in La Puente.
La Puente sits in Los Angeles County, where the median household income of $87,760 supports homes across a wide price range. Bridge loans solve a specific timing problem: you've found your next home but haven't sold the current one yet.
A bridge loan lets you close on the new purchase immediately, using the old home as collateral. You repay it when your original house sells. No waiting for a buyer, no contingencies, no losing the home you want.
Bridge loans require significant equity in your current home — typically 20% to 30% minimum. Lenders want to know the sale price is realistic and the timeline is tight. Credit scores usually start at 680, though 700+ is safer.
Bridge lending in California is dominated by private lenders and specialty finance shops, not traditional banks. Retail mortgage lenders rarely offer bridges because the product ties up capital for short terms and carries higher risk.
Brokers can access bridge networks faster than direct lenders. Underwriting moves quickly — 5 to 10 business days is normal. Pricing floats daily and depends heavily on the equity position and exit strategy (the sale of your current home).
Bridge loans make sense in La Puente when you're upgrading or relocating and the new home is worth the premium. The interest rate is higher than a traditional mortgage — often 2% to 4% above par. That cost is only justified if you'd lose the home without it.
They don't make sense if you can wait. If your old home is already listed and moving in 60 days, a traditional contingent offer is cheaper. Bridge loans are for buyers who can't afford to lose the deal.
A bridge loan versus a contingent offer comes down to negotiating power. A contingent offer is cheaper but signals weakness to the seller. The seller can shop for a backup buyer or demand price concessions.
A bridge loan removes contingencies entirely. You close on time, no ifs. Sellers love it. The trade-off is a higher interest rate and the risk that your old home takes longer to sell than expected.
La Puente's real estate market moves steadily but not fast. Homes typically sit 30 to 45 days before offer. If you're buying in a hotter area nearby and your La Puente home is the collateral, factor in that timeline.
The county's $87,760 median household income means most buyers here are upgrading to a higher price point. Bridge loans help those moving from La Puente to Pasadena or San Marino without losing the new home to a faster cash buyer.
Most lenders cap the bridge at 80% of your current home's value. If your house is worth $500,000, you can borrow up to $400,000. The exact amount depends on the appraised value and the lender's equity requirements.
You extend the bridge or refinance into a traditional mortgage on the new home. Most lenders allow one 30-day extension. If your old home still hasn't sold, you'll need to refinance the bridge into a conventional loan — that costs more in fees and...
Yes. You pay the bridge interest on the new home and the original mortgage on the old home simultaneously. That's the cost of closing before you sell. Most bridges last 6 to 12 months, so plan for 6 to 12 months of double payments.
Yes, but it's harder. Lenders will go as low as 680, but the rate jumps and the equity requirement tightens. A 680 score might require 30% to 40% equity instead of 20%. Aim for 700+ to get the best terms.
Underwriting typically takes 5 to 10 business days. Closing can happen 7 to 14 days after that. Some lenders offer 3-day closings if the appraisal is already done. It's much faster than a traditional mortgage because the product is simpler.