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San Jose sellers rarely wait around. If you find your next home before yours sells, you need to move fast.
A bridge loan gives you short-term cash to close on the new property. You repay it once your current home sells.
6–12 Months
Typical Loan Term
680+
Min Credit Score
20%+ of Current Home
Equity Required
Higher than Conv.
Rate Type
Non-QM
Loan Classification
Bridge Loans in San Jose
Lenders look at equity in your current home first. Most require at least 20% equity to approve a bridge loan.
Strong credit matters here — most lenders want 680 or higher. You also need to show you can carry both payments if needed.
Banks rarely offer bridge loans anymore. Most of these deals go through private lenders and non-QM wholesale channels.
SRK CAPITAL works with 200+ wholesale lenders. That reach matters — bridge loan terms vary widely across lenders.
Most clients come to us after a bank says no. Bridge loans are relationship and equity deals, not credit score deals.
Time kills these transactions. Have your current home's value documented and title cleared before you start shopping.
Hard money loans are the closest alternative. They're also short-term, but rates run higher and terms are stricter.
Interest-only loans are another path — lower monthly cost, but they don't solve the timing problem bridge loans do.
San Jose home values run high. That works in your favor — more equity means more borrowing power on a bridge loan.
Santa Clara County's fast-moving listings make bridge financing practical. Contingent offers often lose here.
Most bridge loans run 6 to 12 months. Some lenders extend to 24 months if your current home hasn't sold.
Rates run higher than conventional loans. Rates vary by borrower profile and market conditions.
Yes — many lenders prefer it. An active listing shows intent to sell, which reduces their risk.
Some lenders defer payments until the loan matures. Others require interest-only monthly payments.
They're similar but not identical. Hard money focuses on asset value; bridge loans factor in your full financial picture.
You'll need to refinance or extend the bridge loan. Plan your exit strategy before you close.