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San Clemente's coastal market moves fast. Sellers rarely wait for buyers to get their current home sold first.
A bridge loan lets you act like a cash buyer. You tap your existing equity and close on the new property without delay.
6 – 12 Months
Typical Loan Term
~20% of Home Value
Min Equity Required
Asset-Based Approval
Credit Flexibility
Non-QM / Portfolio
Loan Classification
Typically Interest-Only
Rate Type
Bridge Loans in San Clemente
Bridge loans are asset-based. Lenders focus on your equity position, not just your debt-to-income ratio.
Most lenders want at least 20% equity in your departing property. Strong credit helps, but it's not the only factor.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in San Clemente.
San Clemente's coastal market moves fast. Sellers rarely wait for buyers to get their current home sold first.
A bridge loan lets you act like a cash buyer. You tap your existing equity and close on the new property without delay.
Bridge loans are asset-based. Lenders focus on your equity position, not just your debt-to-income ratio.
Big banks rarely offer bridge loans. This product lives in the wholesale and private lending space.
As a broker with 200+ wholesale lenders, we source bridge products that most borrowers never find on their own.
The biggest mistake I see: borrowers wait too long. They find the house, lose it, then call about a bridge loan.
Get pre-approved before you list your current home. That way you can move the moment a San Clemente listing hits.
Hard money loans are the closest alternative. They're faster but carry higher rates and fees than most bridge products.
Interest-only loans can stretch affordability but don't solve the timing gap. Bridge loans are purpose-built for this problem.
San Clemente draws buyers from inland OC and LA County looking for beach access. Competition on desirable listings is real.
Many sellers here own free-and-clear or have deep equity. A bridge loan levels the field when you're not quite there yet.
Most bridge loans run 6 to 12 months. That gives you time to sell your current home and pay off the loan.
Yes. That's the whole point. You close on the new property, then sell your old one within the loan term.
Higher than conventional loans — expect that going in. Rates vary by borrower profile and market conditions.
Not always. Many bridge products are asset-based. Some lenders skip full income docs if equity is strong enough.
Yes. Bridge loans work on primary homes and investment properties. Lender guidelines vary, so terms differ.
Talk to your lender early. Extensions are sometimes available, but plan your exit before you close — not after.