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Mammoth Lakes moves fast. Ski-season buyers often spot the right condo before their current property sells.
A bridge loan buys you time. You close on the new place now and sell the old one on your schedule.
6–12 Months
Typical Loan Term
20–30% Min.
Equity Needed
Equity-Based
Credit Focus
Non-QM
Loan Classification
7–14 Days
Est. Close Time
Bridge Loans in Mammoth Lakes
Bridge loans are Non-QM products. Lenders care more about equity and exit strategy than your debt-to-income ratio.
You typically need strong equity in your departing property. Most lenders want at least 20–30% combined equity across both homes.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Mammoth Lakes.
Mammoth Lakes moves fast. Ski-season buyers often spot the right condo before their current property sells.
A bridge loan buys you time. You close on the new place now and sell the old one on your schedule.
Bridge loans are Non-QM products. Lenders care more about equity and exit strategy than your debt-to-income ratio.
Most retail banks won't touch bridge loans. You need a broker with access to private and non-QM wholesale lenders.
We shop across 200+ wholesale lenders to find bridge programs that fit Mammoth Lakes property types and price points.
In Mammoth, inventory is tight and sellers don't wait for contingent offers. A bridge loan removes the sale contingency entirely.
Your offer looks like cash to the seller. That's a real advantage in a market where competing buyers are often paying full price.
Hard money loans are close cousins to bridge loans — both are short-term and asset-based. Bridge loans typically have lower rates and are designed specifically for the buy-before-you-sell scenario.
Interest-only loans are another option, but they require you to carry both mortgages simultaneously. A bridge loan consolidates that into one short-term payment structure.
Mammoth Lakes sits in Mono County at high elevation. Some lenders flag it as a rural or resort market, which limits conventional options.
That makes non-QM bridge lenders even more relevant here. They underwrite the asset and the deal — not the zip code.
Most bridge loans run 6 to 12 months. Some lenders offer extensions if your property hasn't sold yet.
No — that's the point. You qualify based on equity in your existing property. The sale happens after you close.
Yes. Non-QM lenders underwrite resort properties regularly. Condo warrantability rules still apply for the new purchase.
You'll need a clear exit plan before any lender funds the bridge. Options include selling, refinancing, or extending the loan term.
Private bridge lenders can often close in 7–14 days. Speed depends on clear title and a clean appraisal on both properties.
Yes. Bridge loans carry higher rates than 30-year conventional loans. Rates vary by borrower profile and market conditions.