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San Fernando sits in Los Angeles County where the median household income of $87,760 supports homes in the $600K–$900K range. Bridge loans let you buy your next home before selling the current one, avoiding the pressure to accept a lowball offer.
A bridge loan typically runs 6–12 months and covers the down payment on your new purchase. You repay it when your old home sells. This structure works best when you have equity to borrow against and a realistic timeline to close the sale.
6–12 months
Typical Bridge Term
20–30% minimum
Equity Required
680+ FICO
Credit Floor
5–10 business days
Close Timeline
$1,249,125
County Conforming Limit
Bridge Loans in San Fernando
Bridge loans require strong credit (typically 680+) and substantial equity in your current home. Lenders want to see at least 20–30% equity to borrow against.
Los Angeles County's median household income of $87,760 stretches to cover homes around $700,000-$800,000 with conventional financing. Bridge loans don't change that income requirement — they just let you move faster.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in San Fernando.
San Fernando sits in Los Angeles County where the median household income of $87,760 supports homes in the $600K–$900K range. Bridge loans let you buy your next home before selling the current one, avoiding the pressure to accept a lowball offer.
A bridge loan typically runs 6–12 months and covers the down payment on your new purchase. You repay it when your old home sells. This structure works best when you have equity to borrow against and a realistic timeline to close the sale.
Bridge loans require strong credit (typically 680+) and substantial equity in your current home. Lenders want to see at least 20–30% equity to borrow against.
Bridge loans are offered by specialty lenders, private lenders, and some mortgage banks. They're less common than conventional or FHA loans because they're short-term and require fast underwriting.
California bridge lenders typically close in 5–10 business days. Interest rates float daily and are tied to short-term indices. You'll pay interest-only during the bridge period, then transition to your permanent loan once the old home sells.
Bridge loans make sense in San Fernando when you have solid equity and a buyer lined up for your current home. If your old house is already under contract, a bridge loan removes the contingency and makes your offer stronger.
They don't work if you're counting on the sale proceeds to fund the down payment. Lenders won't bridge more than 80–90% of your combined equity.
A conventional loan with a sale contingency costs less in interest but gives you no negotiating power in a competitive market. Your offer sits behind other all-cash or non-contingent bids.
FHA loans also require a sale contingency and carry mortgage insurance for life if you put down less than 10%. Bridge loans avoid PMI entirely.
San Fernando's location in the San Fernando Valley puts you close to major employers in Burbank, Glendale, and downtown LA. If you're relocating for work and need to move fast, a bridge loan lets you secure your new home without waiting for the old one to...
Local home prices fall well below the Los Angeles County loan limit of $1,249,125. Bridge loans here run at competitive rates. Jumbo pricing is not a factor at this price point.
No — that's the whole point. A bridge loan lets you buy your next home before your current one sells. You repay the bridge when the old home closes. This removes the sale contingency and makes your offer stronger in a competitive market.
Most lenders will bridge 80–90% of your combined equity in both homes. If you have $200K equity in your current home and need $150K for a down payment, you can bridge that gap.
You'll need to extend the bridge or refinance into a longer-term loan. Most bridge terms run 6–12 months. If your home hasn't sold, you'll pay an extension fee and continue paying interest-only.
Yes — bridge rates typically run 1–3% higher than 30-year fixed conventional rates. You're paying for speed and flexibility. Since the bridge is short-term (6–12 months), the total interest cost is often less than it looks, even at a higher rate.
No — most lenders require 20–30% equity to bridge. If you have less, you'll need to wait for your home to appreciate or pay down the mortgage before you can access a bridge loan. Conventional financing with a sale contingency is your alternative.