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Brea's housing market moves fast. Waiting to sell before you buy means losing deals to buyers who can move now.
A bridge loan gives you short-term cash to close on your next home. You repay it when your current property sells.
6–12 Months
Typical Loan Term
~20% of Home Value
Min Equity Required
Interest-Only Common
Rate Type
Non-QM
Loan Category
As Fast as 2 Weeks
Typical Close Time
Bridge Loans in Brea
Bridge loans are non-QM products. Lenders focus on your equity position and exit strategy — not just your income.
Most lenders want at least 20% equity in your current home. Strong credit helps, but asset strength matters more here.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Brea.
Brea's housing market moves fast. Waiting to sell before you buy means losing deals to buyers who can move now.
A bridge loan gives you short-term cash to close on your next home. You repay it when your current property sells.
Bridge loans are non-QM products. Lenders focus on your equity position and exit strategy — not just your income.
Big banks rarely offer bridge loans anymore. Most bridge financing comes from private lenders and wholesale channels.
At SRK CAPITAL, we shop 200+ wholesale lenders to find bridge programs that fit your timeline and equity position.
The biggest mistake I see: borrowers wait too long to apply. Bridge loans need time to underwrite. Start early.
Your exit strategy has to be airtight. Lenders want to see your current home listed or under contract before funding.
Hard money loans are similar but often carry higher rates and fees. Bridge loans from wholesale lenders tend to be cleaner.
A HELOC is cheaper if you have time. But in Brea, a good listing goes pending in days — not weeks.
Brea sits in north Orange County with strong move-up buyer demand. Sellers here expect competitive, contingency-free offers.
Many Brea homeowners have built significant equity. That equity is the fuel a bridge loan runs on — use it.
Most bridge loans run 6 to 12 months. Some lenders extend to 24 months if your property takes longer to sell.
No. The point of a bridge loan is to buy before you sell. Your current home serves as collateral.
Talk to your lender about extension options before closing. Most have a process — but extensions cost money.
Yes. Bridge loans carry higher rates due to short terms and added risk. Rates vary by borrower profile and market conditions.
Yes. Investors use bridge loans frequently in Orange County to close fast on rentals or fix-and-flip deals.
Most lenders require at least 20% equity. Higher equity gives you more borrowing power and better terms.