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Grand Terrace sits in the Inland Empire, where move-up buyers often need to act fast. A bridge loan lets you close on your next home without waiting to sell your current one.
Bankrate flagged rates climbing to 6.19% as of March 2026. For bridge borrowers, that matters — your short-term carry costs are real, and timing your sale becomes critical.
6–12 months
Typical Loan Term
650+
Min Credit Score
20%+ in current home
Equity Required
Non-QM / Private
Loan Type
Buy before you sell
Primary Use
Bridge loans are non-QM products. Lenders care about equity in your current home more than your debt-to-income ratio.
Most lenders want at least 20% equity in your departing property. Strong credit — typically 650 or above — helps you get better terms. Rates vary by borrower profile and market conditions.
Banks rarely offer bridge loans anymore. Most of this product lives with private lenders and non-QM wholesale shops.
At SRK CAPITAL, we access 200+ wholesale lenders — including those specializing in short-term bridge products for San Bernardino County borrowers. We shop the market so you're not stuck with one lender's price.
The mistake I see most: borrowers underestimate how long it takes to sell. Build a cushion into your timeline. A 6-month bridge on a home that takes 5 months to sell is stressful.
Price your departing home to move. A bridge loan is not a reason to hold out for top dollar. Carrying two properties in a rising-rate environment gets expensive fast.
Bridge loans compete directly with hard money loans and HELOC options. Hard money is similar but often carries higher rates and fees.
A HELOC on your current home can work if you have time to set it up before listing. Bridge loans close faster and don't require the home to be un-listed.
Grand Terrace is a small, owner-occupied community. Move-up buyers here are often trading into Redlands, Riverside, or higher-end Inland Empire neighborhoods.
San Bernardino County homes can sit on the market longer than LA County. That directly affects bridge loan risk. Pad your timeline and talk to your broker before committing to a close date.
Most bridge loans run 6 to 12 months. Some lenders allow extensions, but those cost money. Plan your sale timeline before you close.
No — that's the point of a bridge loan. You close on the new property first, then sell your existing home to repay the bridge.
You'll need to extend or refinance the bridge into a longer-term loan. Having a backup plan before you start is not optional.
They're different, not necessarily harder. Lenders focus on equity and exit strategy, not W-2 income. Strong equity makes approval realistic.
Expect origination fees of 1–3 points plus interest. Total cost depends on your lender, loan size, and how long you carry the loan.
Yes. Bridge loans work for both primary residences and investment properties. Investor bridge deals are common in San Bernardino County.
Bridge Loans in Grand Terrace