Loading
Loading
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.
Bridge Loans in San Gabriel
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.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options 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.
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.