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Poway's housing market moves fast. Sellers rarely wait for buyers who haven't closed on their current home.
A bridge loan gives you short-term cash to buy now. You repay it once your existing home sells.
6–12 Months
Typical Loan Term
620+
Min Credit Score
20–30% in Dept. Home
Equity Required
Short-Term Premium
Rate Type
10–15 Business Days
Est. Close Time
Bridge loans are non-QM products. Lenders focus on equity and exit strategy, not just income ratios.
Most lenders want 20–30% equity in your current home. Strong credit helps, but it's not the only factor.
Big retail banks rarely do bridge loans. This product lives in the wholesale and private lending world.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in short-term bridge financing for San Diego County borrowers.
Bankrate flagged rates climbing to 6.19% this week on geopolitical tension. Bridge loans already carry a premium above conforming rates — so timing your exit matters more than ever.
The best bridge deals I see have a tight plan: list the old home fast, price it right, and close the bridge within 90 days. Long holds get expensive.
A hard money loan is the closest alternative. Hard money is faster but often more expensive and shorter-term.
Interest-only loans can ease monthly payments during the bridge period. Ask us which structure fits your timeline.
Poway sits in a desirable pocket of San Diego County. Homes here attract strong buyer interest, which helps bridge borrowers sell quickly.
San Diego County's competitive market means sellers favor clean offers. A bridge loan removes the sale contingency entirely.
Most bridge loans run 6 to 12 months. Some lenders extend to 24 months if the exit strategy is solid.
No — that's the point. You close on the new home first. The bridge gets repaid when your old home sells.
Most lenders want 620 or higher. Equity and a credible exit plan often carry more weight than credit score alone.
Yes. Bridge loans work for investment properties too. Lender terms differ from owner-occupied bridge scenarios.
Many bridge loans close in 10 to 15 business days. Speed depends on the lender and how complete your file is.
Yes, but lenders scrutinize condo HOA financials. Warrantable condos get better terms than non-warrantable ones.
Bridge Loans in Poway