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Bridge Loans in Santa Clarita
Santa Clarita homeowners often face timing gaps when upgrading to larger properties in Valencia or Saugus. Bridge loans let you buy before you sell.
This market moves fast when inventory tightens. A bridge loan puts you in the buyer's seat without contingencies that kill deals.
Most Santa Clarita borrowers use bridge financing for 3-12 months while their current home sells. You pay interest-only during the bridge period.
You need significant equity in your current home—typically 30% or more. Lenders will hold liens on both properties during the bridge period.
Credit matters less than equity here. Borrowers with 640+ scores and strong equity qualify even with complex income.
Expect to show you can carry both mortgages if your existing home doesn't sell immediately. Lenders stress-test worst-case scenarios.
Traditional banks avoid bridge loans. You need specialty lenders who price deals on equity, not just income ratios.
We work with 15+ non-QM lenders who actively write bridge financing in Los Angeles County. Rate spread varies 200+ basis points between them.
Expect rates 2-4% higher than conventional mortgages. You're paying for speed and flexibility, not long-term affordability.
Best lenders close in 10-14 days when you need to move fast on a Santa Clarita listing. Others drag out 30+ days and kill momentum.
Most Santa Clarita borrowers think they can't afford two mortgages. That's not the point—you're carrying both temporarily while liquidating the first asset.
I see borrowers lose dream homes in Valencia because they won't consider bridge financing. Then they settle for less six months later when their house finally sells.
The real cost comparison isn't bridge rates versus conventional rates. It's bridge costs versus missing the right property and buying something inferior.
Exit strategy matters more than rates. Know your existing home's realistic sale timeline before you lock a bridge loan.
Hard money loans work for investors buying rentals. Bridge loans work for homeowners upgrading primary residences.
Home equity lines seem cheaper but you still can't buy competitively with a sale contingency. Bridge loans eliminate that weakness.
Interest-only loans spread payments over 30 years. Bridge loans cover you for 12 months max, then you refinance into permanent financing.
Santa Clarita properties in Valencia and Stevenson Ranch command premium prices. Bridge loans let you compete for those without lowball offers.
Los Angeles County transfer taxes and closing costs mean you want to avoid selling then immediately buying. Bridge loans reduce that friction.
Many Santa Clarita neighborhoods see multiple offers on desirable listings. Removing sale contingencies makes your offer stronger than 80% of competitors.
Rates run 6-10% with 1-2 points upfront. You'll pay $8,000-$15,000 in fees on a typical $500K bridge loan.
Most lenders offer 6-month extensions at higher rates. Worst case, you refinance both properties into long-term loans or sell the new purchase.
Yes, if you have 40%+ equity. Bridge lenders focus on asset strength over credit scores.
Best case is 10 days with clean title and equity documentation. Average is 14-21 days.
Yes. Lenders require full appraisals on your existing home and the new purchase to verify equity positions.
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.