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Cathedral City sits in the Coachella Valley, where move-up buyers often face a timing problem. You find the right property before your current home sells.
Bridge loans solve that gap. You tap your existing equity to fund the new purchase — then repay when your home closes.
6–12 Months
Typical Loan Term
20–30% Min
Equity Needed
Non-QM
Loan Type
As Fast as 7 Days
Funding Speed
Interest-Only Options
Rate Type
Bridge Loans in Cathedral City
Bridge loans are non-QM products. Lenders care more about your equity position than your debt-to-income ratio.
Most lenders want at least 20–30% equity in your departing home. Strong credit helps, but the collateral drives approval.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Cathedral City.
Cathedral City sits in the Coachella Valley, where move-up buyers often face a timing problem. You find the right property before your current home sells.
Bridge loans solve that gap. You tap your existing equity to fund the new purchase — then repay when your home closes.
Bridge loans are non-QM products. Lenders care more about your equity position than your debt-to-income ratio.
Retail banks rarely offer bridge loans. Most of the real options live in the wholesale and private lending space.
At SRK CAPITAL, we access 200+ wholesale lenders. That means real choices — not just whatever one bank has on the shelf.
The biggest mistake I see? Waiting too long to explore bridge financing. By the time you're in escrow, the clock is already running.
Run the numbers on carrying two properties short-term. Factor in interest, taxes, and insurance. Most borrowers are surprised how manageable it is.
Hard money loans are the closest alternative. They're faster but typically carry higher rates and fees than bridge products.
A HELOC on your departing home is cheaper — but banks freeze them when a home hits the market. Bridge loans don't have that problem.
Cathedral City has a strong second-home and retirement buyer pool. Move-up timing is a real issue here — especially in desirable neighborhoods.
Desert properties can sit longer than coastal homes. A bridge loan gives you runway if your current home takes 60–90 days to sell.
Most bridge loans run 6 to 12 months. Some lenders offer up to 24 months for the right deal.
No. That's the point. Bridge loans let you buy before your current home closes.
Yes. Rates are higher because the loan is short-term and non-QM. Rates vary by borrower profile and market conditions.
Yes. Bridge loans work for both primary residences and investment properties in Cathedral City.
Talk to your lender early. Many will extend the term or help you refinance into a longer-term product.
Private bridge lenders can fund in as little as 7–14 days. Speed depends on the lender and your documentation.