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Mission Viejo moves fast. Sellers here rarely wait for buyers who haven't secured financing.
A bridge loan lets you buy before you sell. You stop losing deals to cash buyers and contingent offer rejections.
6–12 Months
Typical Loan Term
30%+ in Current Home
Equity Needed
620+ (varies)
Min Credit Score
Non-QM / Portfolio
Loan Type
Typically 1–3 Points
Origination Fees
Bridge Loans in Mission Viejo
Bridge loans are non-QM products. Lenders underwrite them differently than conventional loans.
Most lenders want significant equity in your current home — usually 30% or more. Strong credit helps, but equity is the primary driver.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Mission Viejo.
Mission Viejo moves fast. Sellers here rarely wait for buyers who haven't secured financing.
A bridge loan lets you buy before you sell. You stop losing deals to cash buyers and contingent offer rejections.
Bridge loans are non-QM products. Lenders underwrite them differently than conventional loans.
Big banks don't love bridge loans. Most of our 200+ wholesale lenders are portfolio lenders or private funds.
Rates vary by borrower profile and market conditions. Terms, fees, and loan-to-value limits differ significantly across lenders.
The biggest mistake I see: borrowers wait too long to start the bridge loan process. These close faster than conventional but still need proper underwriting.
Your exit strategy is everything. If your current home sits unsold for 90 days, you need a plan. Lenders know this — and so should you.
Hard money loans are close cousins. They're faster but more expensive and better suited for investors than move-up buyers.
A HELOC on your current home can achieve similar results — but only if you have time. Bridge loans close when speed is the priority.
Mission Viejo sits in one of Orange County's most stable owner-occupied markets. Properties here typically have substantial equity — which is exactly what bridge lenders want to see.
HOA communities dominate the city. Some lenders add scrutiny to condo and planned community properties. Know your HOA status before you apply.
Most bridge loans run 6 to 12 months. Some lenders offer extensions if your home hasn't sold yet.
Yes, but some lenders add conditions. Bring your HOA documents early — it avoids delays.
It depends on the lender. Some require monthly interest payments. Others defer everything to payoff.
You need an exit strategy. Some lenders offer extensions. Others expect a payoff or refinance.
Most bridge lenders want at least 30% equity in your departing home. Higher equity means better terms.
Often yes — especially if you need to act fast without a contingency. Your broker can run the numbers.