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Bridge Loans in San Fernando
San Fernando sits in a competitive LA County pocket where timing matters. Sellers expect quick closings, and strong offers need proof of funds backing them.
Bridge loans let you buy before you sell — critical when inventory moves fast. You avoid contingencies that kill deals in this market.
Lenders focus on equity in your current property, not traditional income docs. You need 20-30% equity minimum and a clear exit strategy to repay within 6-12 months.
Credit matters less than property values. Most lenders want 620+ scores, but we've closed deals at 580 when equity position is strong.
Bridge financing comes from private lenders and specialty finance companies, not big banks. Rates run 8-12% because this is short-term capital with higher risk.
We shop 200+ wholesale sources to find lenders comfortable with LA County valuations. Some cap loans at $2M, others go to $10M+ for the right profile.
Most borrowers underestimate closing costs and interest carry. Budget 3-5 points upfront plus monthly interest during the bridge period — often $5K-$15K monthly.
Have a backup plan if your old property takes longer to sell. Some lenders offer 6-month extensions, but they're not guaranteed and cost extra.
Hard money loans fund faster but cost more — usually 10-15% rates. Bridge loans offer slightly better pricing with cleaner exit terms for owner-occupants.
HELOC seems cheaper but takes 30-45 days to fund and may not give you enough firepower. Bridge loans provide full purchase power when you need it.
San Fernando properties often need work, which complicates traditional financing. Bridge loans don't require perfect condition — we've funded deals where buyers plan renovations post-close.
The small-city market here means fewer comps and slower appraisals. Lenders who understand LA County neighborhoods move faster than national shops unfamiliar with the area.
Most deals close in 7-14 days once appraisal completes. We've funded in 5 days when property values are clear and title is clean.
Some lenders offer extensions for a fee, typically 1-2 points. Others require refinancing into a different product — plan for this before you start.
Yes, but expect higher rates and larger down payments. Lenders treat investor deals differently than primary residence transitions.
Yes, lenders appraise both the property you're buying and the one you're selling. Factor 7-10 days for appraisal completion into your timeline.
Most bridge lenders advance based on as-is value, not after-repair. Budget separately for fix-up costs before listing your old property.
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.