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Lompoc sits in Santa Barbara County, where inventory moves and timing matters. Missing your next home because your current one hasn't sold is a real problem here.
A bridge loan gives you short-term cash to close on the new property now. You repay it once your existing home sells — usually within 6 to 12 months.
6–12 Months
Typical Loan Term
20%+ in Current Home
Equity Required
620+
Min Credit Score
Interest-Only Available
Rate Type
Non-QM
Loan Category
Bridge Loans in Lompoc
Bridge loans are non-QM products. That means lenders look at your equity and assets — not just your debt-to-income ratio.
Most lenders want at least 20% equity in your current home. Strong credit helps, but the collateral does most of the heavy lifting.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Lompoc.
Lompoc sits in Santa Barbara County, where inventory moves and timing matters. Missing your next home because your current one hasn't sold is a real problem here.
A bridge loan gives you short-term cash to close on the new property now. You repay it once your existing home sells — usually within 6 to 12 months.
Bridge loans are non-QM products. That means lenders look at your equity and assets — not just your debt-to-income ratio.
Big retail banks rarely offer bridge loans anymore. You need wholesale lenders who specialize in short-term, asset-backed deals.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize specifically in bridge financing for California borrowers.
The biggest mistake I see: borrowers wait too long. They find the right house, then scramble to figure out financing. Bridge loans need time to close — start early.
Also, have a clear exit plan. Lenders want to know how and when you're selling. A home already listed is a much cleaner story than one not yet on the market.
Hard money loans are similar but often carry higher rates and fees. They're better for investors. Bridge loans are built for homeowners in transition.
A HELOC (home equity line of credit) is cheaper — but it takes longer to set up and may not close in time. Bridge loans are faster when speed is the priority.
Santa Barbara County property values create solid equity positions for many Lompoc homeowners. That equity is exactly what makes a bridge loan work.
Lompoc's market includes military families near Vandenberg Space Force Base. Relocation timelines are often rigid — bridge financing fits those situations well.
Most bridge loans run 6 to 12 months. Some lenders extend to 24 months if your situation warrants it.
No. You apply while still owning your current home. Lenders just want to see your equity and a credible exit plan.
Most lenders want 620 or higher, but equity matters more. A strong collateral position can offset credit imperfections.
Yes. That's the primary use case. You buy first, then list your current home without rushed pressure to accept low offers.
Usually yes. Most bridge loans are structured as interest-only to keep monthly costs low during the transition period.
Faster than a conventional loan — often 10 to 15 business days. Speed depends on how clean your equity documentation is.