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Loma Linda moves fast. When the right property hits the market, waiting on your current home to sell can cost you the deal.
A bridge loan gives you short-term cash to close on the new property now. You repay it once your existing home sells.
6–12 Months
Typical Loan Term
620+ (typical)
Min Credit Score
20–30%
Equity Required
10–15 Business Days
Typical Close Time
Non-QM
Loan Classification
Bridge Loans in Loma Linda
Bridge loans are non-QM. Lenders care more about equity and exit strategy than your debt-to-income ratio.
You generally need 20-30% equity in your current home. Strong credit helps, but it's not the only factor.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Loma Linda.
Loma Linda moves fast. When the right property hits the market, waiting on your current home to sell can cost you the deal.
A bridge loan gives you short-term cash to close on the new property now. You repay it once your existing home sells.
Bridge loans are non-QM. Lenders care more about equity and exit strategy than your debt-to-income ratio.
Most banks don't do bridge loans. This is wholesale and private lender territory.
We work with 200+ wholesale lenders. Several specialize in short-term bridge products for California borrowers.
The biggest mistake I see: borrowers underestimate carrying costs. You're paying two mortgages plus bridge loan interest.
Model your worst-case scenario. What if your current home takes 90 days longer to sell than planned? Build that cushion in.
Hard money loans are the closest alternative. They're also short-term and asset-based, but often carry higher rates.
Home equity lines of credit (HELOCs) are cheaper — but only work if your current lender approves one before you list.
Loma Linda's housing market is closely tied to Loma Linda University Health. Staff relocations create real timing pressure.
San Bernardino County properties vary widely in value and liquidity. Your exit strategy depends heavily on which micro-market you're selling in.
Most bridge loans run 6 to 12 months. Some lenders offer extensions, but those come with added fees.
Yes. Lenders care that you have equity and a credible plan to sell. Being listed helps, but isn't always required.
There's no hard floor like FHA has. Most lenders want 620+, but equity and exit strategy carry more weight.
Yes. Investors use bridge loans frequently to move quickly on acquisitions before offloading another property.
Faster than conventional — often 10 to 15 business days. Some private lenders can move even quicker.