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Bridge Loans in Tiburon
Tiburon homes don't wait. Properties here trade fast, and sellers want clean offers without sale contingencies.
Bridge financing lets you buy first, then sell your existing home on your timeline. You compete like a cash buyer while keeping your equity working.
Most Tiburon buyers use bridge loans to avoid bidding wars or lowball offers on their current property. The cost of waiting often exceeds the loan's carrying cost.
This strategy works especially well in Marin's luxury market where timing matters more than rate shopping.
You need significant equity in your current property. Most lenders want 25-30% equity minimum before they'll bridge.
Credit standards run higher than conventional loans. Expect 680+ credit and proof you can carry both mortgages temporarily.
Your debt-to-income ratio matters less than your liquidity. Lenders focus on assets, not monthly income ratios.
Some programs cap at $2.5 million. Others go higher for Tiburon's price range, but fewer lenders play in that space.
Bridge loan pricing varies wildly between lenders. Rates typically run 2-4% above prime, with terms from 6-12 months.
Some lenders offer interest-only payments during the bridge period. Others defer all payments until your existing home sells.
Origination fees hit harder here than conventional loans. Budget 1.5-2.5% in upfront costs on top of standard closing expenses.
Not every lender writes bridge loans in Tiburon's price range. We shop across portfolio lenders who understand Marin equity positions.
Run the math before committing. Bridge loans cost more than refinancing, but they're cheaper than losing your dream home to another buyer.
Get pre-approved for your end loan before bridging. You need a clear exit strategy, not just bridge approval.
Tiburon sellers notice clean offers. We've seen bridge-financed buyers win against higher offers that carried contingencies.
Time your current home listing carefully. Most borrowers list within 30-60 days of bridging to minimize carrying costs.
Hard money loans fund faster but cost 8-12% interest. Bridge loans take longer to close but run half that rate.
Home equity lines work if you have enough unused credit. Bridge loans don't require seasoning or existing HELOC relationships.
Interest-only mortgages spread costs over years. Bridge loans concentrate expenses into months, but get you moving now.
Construction loans serve different timing. Bridge loans solve the buy-before-sell problem, not the renovation problem.
Tiburon's tight inventory makes bridge loans more valuable than in markets with slow turnover. You can't wait here.
Properties on the peninsula often require all-cash positioning. Bridge financing gives you that advantage without liquidating investments.
Marin County appraisals move quickly, but lenders still need property access. Plan for 7-10 days from application to approval.
Tax implications matter when you own two properties simultaneously. Consult your CPA about deductibility and basis calculations.
Most bridge loans include a 6-month extension option at higher rates. We structure your end loan to absorb both properties if needed, though that rarely happens in Tiburon's market.
Yes, but lenders scrutinize condo finances harder than single-family homes. HOA budgets and reserves matter more for bridge underwriting than conventional loans.
You need 25-30% minimum equity after the bridge loan funds. Lenders combine both property values when calculating loan-to-value ratios.
Yes. Lenders appraise your current home and the Tiburon property you're buying. Budget 5-7 days for both appraisals to complete.
Expect 6-9% annualized rate plus 2% in fees. On a $1.5M bridge, that's roughly $15K-$20K for six months of access to your equity.
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.