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Arroyo Grande moves fast. When the right property comes up, you often can't wait for your current home to sell.
A bridge loan gives you short-term cash to close on the new place. You repay it once your existing home sells.
6–12 months
Typical Loan Term
20%+ in current home
Equity Required
Non-QM / Private
Loan Type
Equity + Exit Plan
Approval Focus
Bridge Loans in Arroyo Grande
Bridge loans are asset-based. Lenders care more about your equity than your tax returns.
Most lenders want at least 20% equity in your departing 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 Arroyo Grande.
Arroyo Grande moves fast. When the right property comes up, you often can't wait for your current home to sell.
A bridge loan gives you short-term cash to close on the new place. You repay it once your existing home sells.
Bridge loans are asset-based. Lenders care more about your equity than your tax returns.
Banks rarely do bridge loans. This product lives in the non-QM and private lending space.
SRK CAPITAL works with 200+ wholesale lenders. We find bridge programs most retail banks won't even discuss.
The biggest mistake borrowers make: waiting too long to start the bridge loan process.
These loans close fast — but only if your equity position is clean and title is clear. Get that sorted early.
Hard money loans are the closest alternative. They're also short-term, but often carry even higher rates.
An interest-only bridge loan keeps your monthly payment low during the transition period. That's the structure most borrowers prefer.
San Luis Obispo County has a limited housing inventory. Contingent offers rarely win in a competitive situation.
A bridge loan removes the sale contingency. In Arroyo Grande, that can be the difference between getting the home and losing it.
Most bridge loans run 6 to 12 months. Some lenders extend to 24 months if needed.
There's no hard cutoff. Lenders focus heavily on equity and your exit plan, not just your score.
Yes. Bridge loans work for primary homes and investment properties. Investor deals are common in this space.
Yes, noticeably higher. Rates vary by borrower profile and market conditions. Price it as a short-term cost.
That's your exit strategy risk. Discuss extension options with your lender before you close the bridge loan.