Loading
Loading
Chino Hills sits in San Bernardino County, where the median household income of $82,184 supports homes across a wide price range. Bridge loans fill a specific gap: you need cash now to buy before your current home sells.
Bridge financing typically covers 80% to 100% of your current home's equity. You'll pay interest-only during the bridge period, then refinance or sell to repay when your original property closes.
7–14 days
Typical Closing
20% to 30%
Equity Required
680 FICO
Minimum Credit
Not required
Appraisal
Bridge Loans in Chino Hills
Bridge lenders in California typically want 20% to 30% equity in your current home and a credit score of 680 or higher. Your income must support both the bridge payment and the new mortgage payment simultaneously.
San Bernardino County's median household income of $82,184 qualifies most borrowers for homes in the $400,000 to $600,000 range. Bridge loans work best when you have solid equity and a clear timeline to sell.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Chino Hills.
Chino Hills sits in San Bernardino County, where the median household income of $82,184 supports homes across a wide price range. Bridge loans fill a specific gap: you need cash now to buy before your current home sells.
Bridge financing typically covers 80% to 100% of your current home's equity. You'll pay interest-only during the bridge period, then refinance or sell to repay when your original property closes.
Bridge lenders in California typically want 20% to 30% equity in your current home and a credit score of 680 or higher. Your income must support both the bridge payment and the new mortgage payment simultaneously.
Bridge loans are offered by specialized lenders, not traditional banks. California has a handful of active bridge shops that focus on speed and equity-based underwriting rather than income verification.
Closing happens in one to two weeks because the lender relies on your home's equity, not a full appraisal. You'll pay a loan origination fee (typically 1% to 2%) plus interest during the bridge period.
Bridge loans make sense in Chino Hills when you have a solid offer on a new home but your current house hasn't sold yet. The speed and equity-based approval beat traditional financing by weeks.
They don't work if your current home is underwater or has minimal equity. If you're selling in a slow market, the bridge interest cost can exceed the benefit of speed.
A traditional home equity line of credit (HELOC) takes 30 to 45 days to close and requires a full appraisal. A bridge loan closes in one to two weeks and skips the appraisal entirely.
The tradeoff: bridge loans cost more in origination fees and interest rates run higher. HELOCs are cheaper if you can wait. Bridge loans win on speed and certainty.
Chino Hills is a planned community in the foothills of San Bernardino County. Homes here appeal to families seeking newer construction and good schools, which means buyer competition is steady.
Bridge loans help you move fast in this market. When a home hits the market, you can make an offer without waiting to sell your current property.
Typically 6 to 12 months. You repay it when your original home sells or you refinance into a permanent mortgage. Most lenders allow extensions if needed.
Yes. Lenders want proof you can carry both the bridge payment and the new mortgage payment. Your debt-to-income ratio must stay under 50%.
Most bridge loans allow a 30 to 60-day extension. If your home still hasn't sold, you'll need to refinance the bridge into a longer-term loan or find another exit strategy.
No. Bridge loans cost more in fees and interest. Use a bridge when you need speed. Use a HELOC when you have time and want lower overall cost.
Yes, but the lender will want proof of your current home's equity and a realistic sale timeline. Out-of-state properties work fine if you have solid equity.