Loading
Loading
Rancho Mirage moves fast. Luxury properties here don't wait for your escrow to close.
A bridge loan lets you act on the right property now. You repay it once your current home sells.
6–12 Months
Typical Loan Term
680+
Min. Credit Score
30–40% in Current Home
Equity Required
Non-QM
Loan Classification
Typically Interest-Only
Rate Type
Bridge Loans in Rancho Mirage
Bridge loans are non-QM products. That means lenders look at asset strength and equity, not just income.
Expect to need 30–40% equity in your current home. Credit requirements vary by lender, but 680+ helps.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Rancho Mirage.
Rancho Mirage moves fast. Luxury properties here don't wait for your escrow to close.
A bridge loan lets you act on the right property now. You repay it once your current home sells.
Bridge loans are non-QM products. That means lenders look at asset strength and equity, not just income.
Most retail banks don't offer bridge loans. This is wholesale lender territory.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in short-term bridge financing for Coachella Valley buyers.
The biggest mistake I see: borrowers underestimate carry costs. You're paying two loans at once.
Structure matters here. We look at your exit strategy first — how you'll repay — before picking a lender.
Hard money loans are the closest alternative. They're faster but typically more expensive.
If your current home is already in escrow, a bridge loan often beats hard money on rate and terms.
Rancho Mirage is a high-end market. Properties regularly exceed conforming and jumbo thresholds.
Seasonal demand here is real. Winter buyers compete hard. A bridge loan removes the contingency that kills deals.
Most bridge loans run 6 to 12 months. Some lenders extend to 24 months for higher-value properties.
No. That's the point. You use the bridge loan to buy now and sell your current home later.
Most lenders want 680 or above. Equity and asset strength often carry more weight than score alone.
Yes, and it's common in Rancho Mirage. Lenders underwrite based on equity and the property's value.
Yes. These are short-term non-QM products. Rates vary by borrower profile and market conditions.
Talk to your broker before closing. Some lenders offer extensions. Having a clear exit plan matters most.