Loading
Bridge Loans in Rolling Hills Estates
Rolling Hills Estates properties don't move quickly in most markets. Bridge loans let you buy without waiting for your current home to sell.
Luxury properties here often require simultaneous transactions. A bridge loan gives you capital to close on time while your existing home stays listed.
Most sellers in this area expect quick closes with minimal contingencies. Bridge financing removes the sale contingency that turns off motivated sellers.
You need significant equity in your current property — typically 50% or more. Lenders fund against combined equity across both properties.
Most bridge lenders want 680+ credit and proof you can carry both payments temporarily. Income verification is lighter than conventional loans.
Your existing property must be market-ready or already listed. Lenders won't bridge against a home that needs major work before selling.
Bridge loans aren't standardized like conventional mortgages. Terms vary wildly between lenders — we see rates from 7% to 12% depending on risk profile.
Most bridge loans run 6-12 months with optional extensions. You pay interest only during the term, with principal due at sale or refinance.
Some lenders offer first-lien bridge loans that replace your current mortgage. Others take second position, which is faster but more expensive.
Bridge loans work best when you know your sale timeline and have pricing discipline. We've seen borrowers get stuck when they overprice the existing home.
Calculate the true cost including both mortgages during overlap. On a $2M Rolling Hills Estates property, you might carry $15K monthly until sale closes.
Have a backup plan if your home doesn't sell in 6 months. Some borrowers refinance both properties into a jumbo loan rather than face extension fees.
Hard money loans fund faster but cost more — expect 10-14% rates versus 7-9% for bridge loans. Use hard money only when speed trumps cost.
Home equity lines seem cheaper but rarely cover full down payments on luxury properties. A $500K HELOC won't fund a $1.5M Rolling Hills Estates purchase.
Construction loans work if you're building, but bridge loans are simpler for buying finished properties. No draw schedules or inspection delays.
Rolling Hills Estates inventory stays tight even in buyer markets. Bridge financing lets you compete on the few properties that list each month.
Luxury sales here often stall for 90+ days in normal conditions. Don't assume a quick sale when planning your bridge loan term.
Many buyers in this area are relocating executives or downsizing locals. Both groups benefit from bridge loans that eliminate contingencies.
Most bridge loans close in 10-15 days once appraisals complete. We've closed some in 7 days when buyers waive appraisal contingencies.
You can extend for 6 months at 1-2 points, refinance both properties into permanent financing, or sell at adjusted pricing. Plan your exit before closing.
Yes, but rates run 1-2% higher than owner-occupied bridge loans. You need stronger equity positions and larger reserves.
Most require an active listing or signed agreement to list within 30 days. They want proof you're serious about selling, not speculating.
Plan on 50% minimum across both properties combined. Lenders want cushion since luxury markets can shift during your loan term.
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.