Loading
Bridge Loans in Rolling Hills
Rolling Hills estate sales take time. Multi-million dollar properties don't move in days, and most buyers here won't wait for you to close on another home.
Bridge loans let you buy first and sell later. You avoid contingent offers that kill deals in this price range.
Lenders focus on property equity, not income docs. You need at least 20% equity in your current home and strong credit above 680.
Approval happens in 5-10 days based on both properties. Most lenders cap combined loan values at 80% to manage risk.
Private lenders dominate bridge financing in Rolling Hills. Banks rarely touch short-term loans on luxury estates because they can't sell them to Fannie Mae.
We access 40+ bridge lenders with different equity requirements. Some go to 85% combined leverage, others cap at 75% but approve faster.
Most Rolling Hills buyers use bridge loans to avoid selling their estate under pressure. You control both timelines instead of rushing a sale.
Plan for 8-11% rates plus 1-2 points. That sounds expensive until you calculate what a rushed sale costs on a $3M+ property.
Hard money loans fund faster but cost more. Bridge loans take an extra week but save 2-4 points in fees for qualified borrowers.
HELOCs seem cheaper but take 30-45 days to fund. That doesn't work when sellers want 14-day closes on luxury properties.
Rolling Hills properties appraise slowly due to custom features and large lots. Lenders here understand 30-45 day appraisal timelines.
Most bridge lenders won't fund construction or major renovation. If your purchase needs work, hard money makes more sense.
Most run 6-12 months with one extension option. Luxury estate sales justify longer terms than typical residential bridges.
You can refinance into a long-term loan or extend the bridge for 3-6 months. Lenders expect this possibility on high-value properties.
Yes, lenders use combined loan-to-value across both properties. You need enough equity to cover their maximum LTV requirement.
No, most are interest-only. You pay off the full balance when your current home sells.
Your obligation stays the same. Lenders require equity cushion at funding to protect against normal market fluctuations.
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.