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Desert Hot Springs moves fast. Sellers here rarely wait while you list your current home.
A bridge loan gives you short-term cash to close on the new property before your old one sells.
6–12 months
Typical Loan Term
Up to 80%
Max LTV (Combined)
620 preferred
Min Credit Score
Non-QM
Loan Type
Interest-only
Rate Type
Bridge Loans in Desert Hot Springs
Bridge loans are non-QM products. Lenders care more about equity than income ratios.
You typically need 20–30% equity in your current home. Credit scores below 620 are a harder sell.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Desert Hot Springs.
Desert Hot Springs moves fast. Sellers here rarely wait while you list your current home.
A bridge loan gives you short-term cash to close on the new property before your old one sells.
Bridge loans are non-QM products. Lenders care more about equity than income ratios.
Big banks almost never do bridge loans. This is a specialty product held by private and wholesale lenders.
At SRK CAPITAL, we access 200+ wholesale lenders. We find the ones who price bridge loans competitively for Riverside County borrowers.
The most common mistake I see: borrowers underestimate how long their current home takes to sell.
Build a realistic sell timeline before you commit. A bridge loan that expires before you close is a serious problem.
Hard money loans are the closest alternative. They fund faster but often carry higher fees.
If you're buying an investment property, a DSCR loan may work better than a bridge — no sell timeline required.
Desert Hot Springs sits just north of Palm Springs in Riverside County. The market draws investors and retirees.
Properties here can sit longer than coastal markets. Factor that into your bridge loan payoff timeline.
Most run 6 to 12 months. Some lenders offer extensions, but those come with fees.
Yes. It lets you close on a new property while your current home is still listed.
You'll need to refinance or repay the bridge. Lenders will ask about this upfront.
Most bridge lenders focus on equity and exit strategy. Full income docs are rarely required.
Loan amounts are tied to your existing home's equity. Most lenders cap at 80% combined loan-to-value.
Yes, significantly. These are short-term specialty loans. Rates vary by borrower profile and market conditions.