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Bridge Loans in Lancaster
Lancaster's Antelope Valley market moves faster than most buyers expect. Bridge loans let you close on a new home before your current property sells.
Most buyers in the high desert need 30-90 day financing windows. Traditional contingent offers rarely compete in this market.
Lenders focus on your combined equity, not your W-2. You need 25-30% equity in your current home and proof you can carry both mortgages short-term.
Credit matters less than equity position. Most lenders approve borrowers at 620+ if the numbers work on paper.
Bridge loans aren't bank products. You're dealing with private lenders and specialty finance companies that price based on risk and speed.
Rates run 8-12% because you're paying for liquidity, not long-term financing. Expect 2-3 points in fees for 60-90 day money.
Our network includes lenders who close in 7-10 days. Speed costs more, but it wins deals in competitive situations.
Most Lancaster buyers use bridge loans wrong. They treat them like extended financing instead of tactical tools to win a deal.
Your exit strategy matters more than the loan terms. Line up your conventional refi or confirm your sale timeline before you close the bridge.
We structure these with your takeout financing already mapped. That means knowing which conventional lender approves you before the bridge funds.
Hard money loans work for investment properties. Bridge loans work for owner-occupied transitions between homes.
Interest-only loans lower your monthly carry cost. Bridge loans solve timing problems when you can't wait for a sale.
Construction loans fund builds over time. Bridge loans fund purchases when you need money now.
Lancaster's market splits between aerospace workers upgrading and LA County relocators downsizing. Both groups carry significant equity.
Properties here sell slower than metro LA. Build 60-90 days into your bridge term, not 30. The high desert isn't downtown.
Appraisals come in conservative in Antelope Valley. Lenders haircut your property value 10-15% below recent comps for bridge underwriting.
Most lenders approve in 3-5 days with full documentation. Funding happens 7-10 days from application if appraisal clears quickly.
Yes, but lenders price it higher. Expect an extra 1-2% in rate if you haven't engaged a listing agent with a CMA.
Most lenders offer one 30-day extension at 1-2 points. After that, you're refinancing into conventional debt or facing default.
Some lenders allow it, but hard money loans price better for pure investment plays. Bridge loans optimize for owner-occupied transitions.
Most lenders require 25-30% equity minimum. They'll lend up to 75-80% combined LTV across both properties.
Yes, if the home is complete or near completion. Builders often accept bridge financing because it removes sale contingencies.
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.