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Bridge Loans in San Gabriel
San Gabriel's competitive real estate market moves fast. Sellers field multiple offers within days, and cash buyers dominate.
Bridge loans let you write competitive offers without waiting to sell your current home. You gain liquidity to act on opportunities in Alhambra, Temple City, and surrounding markets.
This financing closes in 7-14 days versus 30-45 for conventional loans. When you find the right property on Valley Boulevard or near Mission District, speed matters.
Most San Gabriel bridge borrowers use these loans for 6-12 months while staging and selling their existing property. The goal is quick execution, not long-term financing.
Lenders base approval on equity in your current property, not income. You need at least 30% equity, though 40% gets better terms.
Credit requirements start around 620, but higher scores unlock lower rates. Strong borrowers with 700+ credit see the most favorable pricing.
Expect to show reserves covering 6-12 months of payments on both properties. This proves you can handle carrying costs during the transition.
Bridge lenders care about exit strategy. They want clear evidence your current home will sell within the loan term.
Bridge loans sit outside Fannie Mae and Freddie Mac guidelines. We work with private lenders who specialize in short-term real estate financing.
Rate shopping matters here. Bridge loan pricing varies widely between lenders, sometimes by 2-3 percentage points for identical borrower profiles.
Some lenders offer interest-only payments during the bridge period. Others capitalize interest into the loan balance to minimize monthly outflow.
Access to 200+ wholesale lenders means we can match your timeline and property type to the right capital source. Not every bridge lender funds the same property profiles.
Bridge loans cost more than conventional mortgages. Rates currently run 8-12% depending on your profile and the lender's risk assessment.
Most borrowers refinance into permanent financing within 9 months. The bridge loan is a tool, not a destination. Plan your exit before you close.
Watch closing costs carefully. Some lenders load fees upfront, while others charge prepayment penalties. We structure deals to minimize total cost based on your expected holding period.
San Gabriel buyers often use bridge loans to avoid selling their home below market during slow seasons. The carrying cost buys time to maximize sale price.
Bridge loans and hard money loans both offer speed, but hard money focuses on property value over borrower credit. Bridge loans still underwrite your full financial picture.
Home equity lines of credit cost less but require monthly income verification and take longer to approve. Bridge loans prioritize equity and close faster.
Interest-only loans provide payment flexibility on permanent financing. Bridge loans are temporary by design, meant for transition periods only.
Construction loans fund property improvements over time. Bridge loans deliver lump-sum capital immediately for acquisition or payoff.
San Gabriel properties often sit on larger lots with redevelopment potential. Bridge loans can fund teardown purchases while you sell your current residence.
The Asian buyer pool in San Gabriel values quick closings and minimal contingencies. Bridge financing lets you compete without sale contingencies.
Properties near the San Gabriel Mission or in historic neighborhoods sometimes need renovation before resale. Bridge loans buy time to improve before listing.
Los Angeles County transfer taxes and recording fees add to transaction costs. Factor these into your bridge loan budget alongside interest carry.
Most bridge loans close in 7-14 days once you submit documentation. Speed depends on property appraisal turnaround and title work.
Yes. The bridge lender pays off your existing mortgage and provides additional funds based on available equity after that payoff.
Most bridge loans allow extensions for 6-12 months with additional fees. Some borrowers refinance into permanent debt if the property remains unsold.
Yes. Lenders appraise both your current property and the new purchase to establish loan-to-value ratios and equity position.
Yes. Many bridge borrowers purchase investment properties while repositioning personal residences or other rental holdings.
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.