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Solvang moves on its own timeline. Properties here don't sit long, and sellers rarely wait for your existing home to close.
A bridge loan gives you short-term cash to act now. You buy the new property, then sell your current one without the pressure.
6–12 Months
Typical Loan Term
20–30% Min
Equity Required
Non-QM Product
Credit Flexibility
Often Interest-Only
Payment Structure
Primary, 2nd, Investment
Property Types
Bridge Loans in Solvang
Bridge loans are non-QM products. That means lenders look at your equity position and assets, not just your W-2 income.
Most lenders want at least 20–30% equity in your current home. Strong credit helps, but the deal structure matters more.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Solvang.
Solvang moves on its own timeline. Properties here don't sit long, and sellers rarely wait for your existing home to close.
A bridge loan gives you short-term cash to act now. You buy the new property, then sell your current one without the pressure.
Bridge loans are non-QM products. That means lenders look at your equity position and assets, not just your W-2 income.
Big retail banks rarely offer bridge loans anymore. This product lives in the wholesale and private lending space.
At SRK CAPITAL, we work with 200+ wholesale lenders. That gives you real options — not one bank's take-it-or-leave-it terms.
The biggest mistake I see: borrowers assume they can't carry two mortgages, so they skip the bridge and lose the deal.
Bridge loans are designed for exactly that scenario. The short carry period is the point. You're not meant to hold this loan long.
Some buyers try a HELOC instead of a bridge loan. HELOCs are cheaper but require your current home to still be on the market.
Hard money is another option, but expect higher rates and fees. Bridge loans sit between the two — faster than HELOC, cheaper than hard money.
Solvang is a small, distinct market in Santa Barbara County. Inventory is tight and desirable properties move fast.
Many buyers here are upsizing within the area or relocating from coastal metros. A bridge loan is often what closes the timing gap.
Most bridge loans run 6 to 12 months. That gives you time to sell your current home and pay off the bridge.
Yes, your sale proceeds typically pay off the bridge. Have a realistic sell timeline before you commit.
Yes. Bridge loans work on primary homes, second homes, and investment properties. Terms vary by property type.
Yes, typically. Bridge loans carry more risk and shorter terms. Rates vary by borrower profile and market conditions.
Most lenders offer short extensions — but expect fees. Plan your exit strategy before you close the bridge.