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Monte Sereno sits in one of the most competitive pockets of Santa Clara County. Sellers here rarely wait long for offers.
Bridge loans exist for exactly this scenario. You buy the next property before your current one closes.
6–12 Months
Typical Loan Term
680+
Min Credit Score
20–30% Min
Equity Required
Typically Interest-Only
Rate Type
Non-QM
Loan Classification
Bridge Loans in Monte Sereno
Bridge loans are non-QM products. Standard debt-to-income rules don't apply the same way they do on conventional loans.
Lenders focus on equity. You typically need 20–30% equity in your departing property to qualify.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Monte Sereno.
Monte Sereno sits in one of the most competitive pockets of Santa Clara County. Sellers here rarely wait long for offers.
Bridge loans exist for exactly this scenario. You buy the next property before your current one closes.
Bridge loans are non-QM products. Standard debt-to-income rules don't apply the same way they do on conventional loans.
Most banks don't offer bridge loans. This product lives in the wholesale and private lending space.
At SRK CAPITAL, we work with 200+ wholesale lenders. We find the bridge program that fits your timeline and equity position.
The biggest mistake I see: borrowers waiting too long to start the bridge loan process. These loans take time to underwrite.
Get your equity position and credit pulled before you make an offer. You want certainty before you're in contract.
Hard money loans are the closest alternative. They're faster but carry higher rates and fees.
A HELOC on your current property can work too — but Monte Sereno prices mean approval timelines can slow you down.
Monte Sereno is a small city. Inventory is tight and moves fast. Contingent offers often lose to clean ones.
A bridge loan removes your sale contingency. That alone can make your offer competitive in this market.
Most bridge loans run 6 to 12 months. Some lenders extend to 24 months if your property hasn't sold.
No. That's the point. You close on the new property first, then sell your existing home.
Most bridge lenders want 680 or higher. Strong equity can sometimes offset a lower score.
Yes. Bridge loans carry higher rates due to short terms and non-QM structure. Rates vary by borrower profile and market conditions.
Yes. That's a primary use case here. Bridge financing gives you the liquidity to make a clean offer.
You'll need to refinance or extend. Plan your exit strategy before you close — lenders will ask about it upfront.