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Perris sits in one of Riverside County's fastest-moving corridors. Sellers here don't wait around.
A bridge loan lets you act on a new property now. You don't have to wait for escrow to close on your current home.
6–12 Months
Typical Loan Term
20–30% Min
Equity Needed
620+
Min Credit Score
Interest-Only Available
Rate Type
Non-QM
Loan Category
Bridge Loans in Perris
Bridge loans are non-QM products. Lenders care more about equity and exit strategy than your tax returns.
Most lenders want 20–30% equity in your current home. Your credit score matters, but it's not the deciding factor.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Perris.
Perris sits in one of Riverside County's fastest-moving corridors. Sellers here don't wait around.
A bridge loan lets you act on a new property now. You don't have to wait for escrow to close on your current home.
Bridge loans are non-QM products. Lenders care more about equity and exit strategy than your tax returns.
Big retail banks rarely offer bridge loans. This product lives in the wholesale and private lending space.
We shop bridge loan programs across 200+ wholesale lenders. Terms and rates vary widely — having options matters.
The deals I see fall apart when buyers lowball their timeline. Six months sounds like plenty — it often isn't.
Build in buffer. If your Perris home takes 90 days to sell, you want a 9-month bridge, not a 6-month one.
Hard money loans are close cousins. Bridge loans typically have lower rates and more structured terms.
If your project involves construction, a construction loan may suit you better than a bridge. Know the difference.
Perris has strong investor activity, especially near the I-215 corridor and logistics hubs. Competition is real.
Move-up buyers in Perris use bridge loans to compete without contingencies. Sellers prefer clean offers.
Most bridge loans run 6 to 12 months. Some lenders offer extensions, but fees apply.
No. The bridge loan covers the gap. Your existing home serves as collateral until it sells.
You'll need to extend or refinance. That's why exit strategy matters before you close the bridge.
Yes. Bridge loans carry short-term risk premiums. Rates vary by borrower profile and market conditions.
Yes. Bridge loans work for both primary residences and investment properties in Riverside County.