Loading
Bridge Loans in Roseville
Roseville's competitive market moves fast. Sellers often receive multiple offers within days, which puts buyers who need to sell first at a disadvantage.
Bridge loans let you close on your new Roseville home while your current property is still listed. You make a clean offer without a sale contingency, which sellers actually accept.
This loan type works best when you have significant equity in your current home. Most lenders require at least 30-40% equity to approve bridge financing.
You need strong equity, decent credit, and proof you can cover both mortgages temporarily. Most bridge lenders want 660+ credit scores and debt-to-income ratios that account for both properties.
Your current home must be listed or ready to list. Lenders won't bridge indefinitely—they need a clear exit strategy showing your old home will sell within the loan term.
Expect to put your existing home up as additional collateral. The lender secures both properties, which is how they justify the risk of carrying two mortgages.
Bridge loans come from specialty lenders, not your typical Fannie Mae bank. Rates run 7-10% depending on your profile and equity position—higher than conventional but lower than hard money.
Most lenders cap bridge loans at 80% of your current home's value. If you have $500K in equity, you might access $400K to fund your Roseville purchase.
Origination fees hit harder here—expect 1.5-2 points plus closing costs. The cost makes sense for a few months, not a few years.
Bridge loans save deals when timing matters more than cost. If you're buying in West Roseville or around Sierra College, where inventory is tight, the ability to waive contingencies wins.
I see borrowers get stuck when their current home doesn't sell as fast as expected. Have a backup plan—can you afford both payments for 3-6 months if the market slows?
Some lenders offer deferred payment structures where you don't pay the bridge loan until your old home sells. Others require interest-only payments. Know which structure you're getting before you commit.
Hard money loans fund faster but cost 10-13% with higher fees. If speed trumps everything, hard money wins. If you have a few weeks, bridge loans cost less.
Home equity lines sound cheaper but banks freeze HELOC draws constantly. Bridge loans fund in full at closing—the money is yours, period.
A cash-out refinance on your current home might work if you don't need the full amount right away. But it adds a new long-term loan when you're trying to sell that property.
Roseville's Placer County location means strong equity positions for most homeowners. Properties appreciate steadily, which helps you qualify with better loan-to-value ratios.
Homes here typically sell within 30-45 days in normal conditions. Your bridge lender will underwrite based on realistic timelines—don't assume a 2-week sale when pricing your exit strategy.
Upgrading within Roseville from older areas to newer developments is a common bridge loan scenario. The equity from your existing home funds the down payment on new construction or move-up properties.
Watch out for HOA restrictions on rentals if your backup plan involves leasing your old home. Some Roseville communities limit rental conversions, which could complicate your exit if the sale stalls.
Most bridge lenders approve in 7-10 days. You need an appraisal on your current home and proof it's listed or ready to list.
You can often extend for 3-6 months with a fee, or refinance into a traditional mortgage. Some borrowers convert their old home to a rental.
Yes, but rates run higher—expect 9-12%. Lenders treat investment bridge loans as higher risk than primary residence bridges.
You typically need 10-20% down on the new purchase. The bridge loan covers the gap between your equity and the down payment needed.
Often yes, since both properties secure the loan. Check with your tax advisor—rules vary based on property use and timing.
Absolutely. Your existing home can be anywhere—lenders care about equity and marketability, not matching city locations.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.