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Chino 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 you've sold your current home.
Bridge financing typically covers 6 to 12 months while you wait for your sale to close. The lender secures the loan against both properties — your current home and the new one.
7-14 days
Typical Close
680+
Minimum FICO
10-20%
Down Payment
Solid position
Equity Required
Bridge Loans in Chino
Bridge loans require solid credit — typically 680 FICO or higher. Lenders want to see equity in your current home and proof that your sale is likely to close on schedule.
Down payment ranges from 10% to 20% on the new purchase. Your current home's equity and the pending sale price matter more than traditional income ratios.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Chino.
Chino 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 you've sold your current home.
Bridge financing typically covers 6 to 12 months while you wait for your sale to close. The lender secures the loan against both properties — your current home and the new one.
Bridge loans require solid credit — typically 680 FICO or higher. Lenders want to see equity in your current home and proof that your sale is likely to close on schedule.
Bridge lenders in California are specialized — not every bank offers them. Portfolio lenders and private money shops dominate this space because they hold loans on their own books.
Underwriting moves fast because the exit strategy is clear: your home sale pays off the bridge. Appraisals on the new property happen, but the existing home is valued by comparable sales and equity position.
Bridge loans make sense in Chino when you've found the right home but your current sale hasn't closed yet. If your equity position is strong and your sale is under contract, a bridge buys you time without contingencies.
They don't work if your current home is underwater or if the sale is uncertain. The lender needs confidence that proceeds will cover the bridge payoff — that's the whole deal.
A conventional loan with a contingency clause lets you make an offer subject to your sale closing. That keeps you from borrowing twice, but sellers often reject contingent offers in competitive markets.
Bridge loans remove the contingency and let you close on the new home immediately. You pay a premium in rate and fees, but you win the negotiation — and you're not stuck if your sale takes longer than expected.
San Bernardino County's population of 2,187,816 makes it one of California's largest markets. Chino's location near the 60 and 71 freeways keeps it attractive for buyers relocating for work.
The county's median household income of $82,184 supports a broad range of home prices. Bridge financing helps buyers who are upgrading or relocating without waiting for their current sale to close.
Bridge loans typically close in 7 to 14 days. The lender's main focus is your equity position and the pending sale. Speed is the whole point — you avoid contingencies and close on your new home immediately.
Yes. The lender underwrites both the bridge loan and your permanent financing. They want to confirm you can carry both payments until your sale closes and the bridge is paid off.
The bridge loan extends, usually for 3 to 6 months. You'll pay interest-only during the extension. If the sale looks unlikely, the lender may require you to refinance or bring cash to the table.
Bridge rates run 1% to 3% above your permanent loan rate. The exact cost depends on your equity, credit, and how long you expect to carry the bridge. Call for a quote based on your specific situation.
Yes — that's the core use case. The bridge covers your new purchase while your current home sale closes. Once proceeds arrive, you pay off the bridge with no penalty.