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Carmel By The Sea moves fast. Sellers here rarely wait for contingent buyers.
A bridge loan lets you buy before you sell. That's a real edge in a tight coastal market.
6–12 Months
Typical Loan Term
680+
Min Credit Score
20–30% in Departure Home
Equity Required
Interest-Only
Payment Structure
Non-QM
Loan Category
Bridge Loans in Carmel-by-the-Sea
Bridge loans are non-QM products. Lenders underwrite them differently than conventional loans.
Expect to show equity in your departing home. Most lenders want at least 20–30% equity to fund the bridge.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Carmel-by-the-Sea.
Carmel By The Sea moves fast. Sellers here rarely wait for contingent buyers.
A bridge loan lets you buy before you sell. That's a real edge in a tight coastal market.
Bridge loans are non-QM products. Lenders underwrite them differently than conventional loans.
Banks rarely offer bridge loans anymore. Wholesale lenders and private money sources fill that gap.
We work with 200+ lenders. A handful specialize in bridge financing for high-value coastal properties.
Most borrowers use a bridge loan for 6 months or less. The goal is to close on the new property fast, then sell cleanly.
Price the bridge right. Carrying two mortgages plus a bridge is manageable short-term — but don't let the sale drag.
Hard money loans are faster to close but cost more. Bridge loans from wholesale lenders are cheaper if you qualify.
Interest-only loans solve cash flow — but they don't solve the contingency problem. Only a bridge does that.
Carmel By The Sea has strict land use rules and a small housing stock. Properties don't sit — they sell.
High property values here mean bridge loan amounts can be substantial. Lender appetite for large bridges varies. Work with a broker who knows which lenders go high.
Most bridge loans run 6 to 12 months. That gives you time to sell your current home after closing on the new one.
Most bridge loans are interest-only. Some lenders defer payments entirely until the loan pays off at sale.
Most lenders want 680 or above. Strong equity and reserves can offset a lower score in some cases.
Yes. Some wholesale lenders fund bridges into the millions. Lender selection matters a lot at those price points.
Your bridge term ends and you'll need an extension or refinance. Have a realistic sale timeline before you start.