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Colton's Inland Empire location makes timing critical. Homes move fast, and waiting to sell before buying can cost you the next property.
Bankrate's latest lender survey shows mortgage rates climbing to 6.27%. That matters for bridge loans — your carry cost is real, so speed of execution is everything.
6–12 Months
Typical Loan Term
20–30% Min
Equity Required
~620+
Min Credit Score
Non-QM
Loan Type
Faster Than Retail
Close Speed
Bridge loans are non-QM products. Lenders aren't using standard debt-to-income ratios — they're looking at equity, exit strategy, and asset strength.
Most lenders want at least 20-30% equity in your departing home. Your credit score matters, but your collateral matters more.
Big retail banks rarely do bridge loans well. Most have slow underwriting and rigid overlays that kill deals on timing alone.
Wholesale lenders built for non-QM move faster and price more competitively. That's where a broker with 200+ lender relationships earns its keep.
The borrowers who get burned on bridge loans are the ones without a real sell plan. Know your list price, your bottom number, and your timeline before you apply.
We've seen deals where the departing home sat 90 days longer than expected. Build in a buffer. A 6-month bridge with a 3-month extension option beats scrambling.
Hard money loans are the closest cousin to bridge loans. Hard money is faster but more expensive — rates and fees run higher, and terms are shorter.
A HELOC on your current home is another option if you have time. But HELOCs require income documentation and take weeks. Bridge loans close faster when structured right.
Colton sits at the crossroads of the 10 and 215 freeways. That access drives real demand from logistics workers, healthcare employees, and commuters priced out of LA.
San Bernardino County properties at lower price points can move quickly when priced right. A bridge loan lets you make a clean, non-contingent offer — a real advantage here.
Most bridge loans run 6 to 12 months. Some lenders offer extensions — ask about that before you sign.
Yes, but lenders want a clear, credible plan to sell. Expect to document the property value and your timeline.
Bridge loans are asset-based, not score-based. Most lenders want at least a 620, but equity is the bigger factor.
Yes. Bridge loans carry more risk, so rates run higher. Rates vary by borrower profile and market conditions.
Some lenders allow deferred payments until the old home sells. Others require interest-only monthly payments — confirm the structure upfront.
Bridge Loans in Colton