Loading
Adelanto sits in the High Desert, where move-up buyers often face a timing problem. You find the right property before your current home sells.
A bridge loan covers that gap. It's short-term financing — typically 6 to 12 months — secured against your existing home's equity.
6–12 Months
Typical Loan Term
620+
Min Credit Score
20–30%
Equity Required
8–11% typical
Rate Range
Non-QM
Loan Type
Bridge loans are non-QM products. Lenders care more about your equity position than your W-2. Expect to need 20–30% equity in your current home.
Credit requirements vary by lender. Most want a 620+ score, but strong equity can offset a weaker credit profile with the right lender.
Banks rarely offer bridge loans anymore. Most of this volume runs through private and wholesale lenders — exactly where a broker operates.
Bankrate's latest survey shows conforming mortgage rates at 6.27%. Bridge loan rates run higher, often 8–11%. Rate varies by borrower profile and market conditions.
The deals I see fall apart when borrowers underestimate the carry cost. You're paying interest on two properties at once. Model that out before you commit.
Your exit strategy is everything. Lenders want to know your current home is priced right and will sell fast. An overpriced listing kills the deal.
Hard money loans are the closest alternative. Both are short-term and asset-based. Bridge loans typically have lower rates and are tied to a clear sale event.
A HELOC on your current home is cheaper — if you have time. Bridge loans close faster and don't require an open line before you buy.
Adelanto's housing stock skews toward single-family homes in the $300K–$400K range. That price point makes equity-based bridge financing very workable.
The High Desert market can move quickly in spring. Having purchase funds ready — without a sale contingency — puts you ahead of competing offers.
Most bridge loans run 6 to 12 months. Some lenders offer up to 24 months, but longer terms come with higher costs.
No — that's the point. A bridge loan lets you close on the new property before your current home sells.
Most lenders want 620 or higher. Strong equity in your departing property can help offset a lower score.
Yes. Rates run significantly higher. You're paying for speed and flexibility, not long-term cost savings.
Yes. Bridge loans work on investment properties too. Lenders will still focus on equity and your sale exit plan.
You'll need to refinance or extend the bridge loan — both cost money. Price your departing home to sell, not to test the market.
Bridge Loans in Adelanto