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Rancho Santa Margarita moves fast. When the right home hits the market, waiting to sell first can cost you the deal.
A bridge loan gives you short-term financing to buy now. You repay it once your current home sells.
6–12 Months
Typical Loan Term
20–30% Min
Equity Required
Equity-First
Credit Focus
Interest-Only Common
Rate Type
Non-QM
Loan Category
Bridge Loans in Rancho Santa Margarita
Bridge loans are non-QM products. Lenders focus on equity in your current home, not just your debt-to-income ratio.
Most lenders want at least 20–30% equity in your departing home. Credit score matters, but it's not the whole picture.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Rancho Santa Margarita.
Rancho Santa Margarita moves fast. When the right home hits the market, waiting to sell first can cost you the deal.
A bridge loan gives you short-term financing to buy now. You repay it once your current home sells.
Bridge loans are non-QM products. Lenders focus on equity in your current home, not just your debt-to-income ratio.
Retail banks rarely offer bridge loans. This is a wholesale and private lending product.
SRK CAPITAL works with 200+ wholesale lenders. We find the bridge program that fits your timeline and equity position.
The biggest mistake I see: borrowers wait too long to ask about a bridge loan. By then, they've already lost the home they wanted.
Start the bridge conversation before you're under contract. Knowing your numbers gives you real negotiating power.
A bridge loan isn't the only option. A HELOC or cash-out refi can also tap your equity — but both take time.
Hard money loans are faster but more expensive. Bridge loans from wholesale lenders hit a middle ground on cost and speed.
RSM is a planned community with strong HOA oversight. Lenders will factor HOA status and dues into their property review.
Orange County's resale market is active. A credible exit strategy — your home sells in 90–180 days — is a realistic ask here.
Most bridge loans run 6 to 12 months. Some lenders offer extensions if your home hasn't sold yet.
No — that's the point. A bridge loan lets you close on the new property first. You sell your current home after.
There's no hard floor like on FHA or conventional. Lenders prioritize equity. A score in the 660s or higher helps.
Yes, and lenders will qualify you on that combined payment. Equity in your departing home is your main cushion.
Yes, but HOA financials and litigation status will be reviewed. Clean HOA docs make approval faster.
Wholesale bridge loans can close in 10–21 days depending on the lender. Private bridge options can move faster.