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Marina sits in Monterey County, where coastal inventory stays tight. Sellers rarely wait around for contingent buyers.
A bridge loan lets you act like a cash buyer. You close on the new property before your current home sells.
6–12 Months
Typical Loan Term
20–30% Min
Equity Required
~650 (varies)
Min Credit Score
Non-QM
Loan Type
10–15 Bus. Days
Est. Close Time
Bridge Loans in Marina
Bridge loans are non-QM products. Lenders care more about your equity position than your debt-to-income ratio.
You typically need 20–30% equity in your departing home. Strong credit helps, but asset strength matters more.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Marina.
Marina sits in Monterey County, where coastal inventory stays tight. Sellers rarely wait around for contingent buyers.
A bridge loan lets you act like a cash buyer. You close on the new property before your current home sells.
Bridge loans are non-QM products. Lenders care more about your equity position than your debt-to-income ratio.
Banks rarely offer bridge loans anymore. Most of this volume runs through private and wholesale lenders.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in short-term bridge products for California borrowers.
The biggest mistake I see is borrowers underestimating carry costs. You're paying two mortgages until your old home closes.
Model the worst case: your current home sits 90 days. If that math still works, you're in a safe position to proceed.
Hard money loans are the closest alternative. They're faster but often carry higher rates and fees than bridge products.
A HELOC on your current home is another option — if you have time. Bridge loans close faster when speed is the priority.
Marina is growing. Fort Ord redevelopment has brought new housing stock and buyers competing for move-up properties.
Sellers in Marina and greater Monterey County get multiple offers fast. A contingent offer gets ignored. A bridge loan changes that.
Most bridge loans run 6 to 12 months. Some lenders extend to 24 months if your exit strategy supports it.
No. The whole point is buying before you sell. Lenders just want proof your current home will sell at a workable price.
Requirements vary by lender. Most want 650 or higher, but equity position often carries more weight than credit score.
Yes. The departing property doesn't need to be in Monterey County. Lenders look at equity, not location of the sold home.
Yes, they're short-term private products. Rates vary by borrower profile and market conditions — expect a premium over conventional.
Many bridge loans close in 10–15 business days. That speed is the main reason buyers use them in competitive markets.