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Capitola moves fast. When the right property hits the market, you rarely have time to wait for your current home to sell.
A bridge loan gives you short-term cash to close on the new purchase. You repay it once your existing property sells.
6–12 Months
Typical Loan Term
20–30% Min
Equity Requirement
Non-QM
Loan Classification
Usually Interest-Only
Rate Type
Collateral-Focused
Credit Flexibility
Bridge Loans in Capitola
Bridge loans are non-QM products. Lenders care more about equity and exit strategy than your W-2 income.
Most lenders want at least 20–30% 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 Capitola.
Capitola moves fast. When the right property hits the market, you rarely have time to wait for your current home to sell.
A bridge loan gives you short-term cash to close on the new purchase. You repay it once your existing property sells.
Bridge loans are non-QM products. Lenders care more about equity and exit strategy than your W-2 income.
Big banks rarely do bridge loans anymore. Most of this volume runs through private and wholesale lenders.
At SRK CAPITAL, we work with 200+ wholesale lenders. That means we can shop bridge programs most borrowers never see.
The deals that go sideways are usually missing a solid exit plan. Know your selling timeline before you borrow.
Price your departing home to sell within the bridge term. Carrying two mortgages longer than planned gets expensive fast.
Hard money loans are the closest alternative. They're faster but carry higher rates and shorter terms.
A home equity line of credit (HELOC) can serve a similar purpose — but approval takes longer and requires income verification.
Capitola beach properties attract buyers fast. Sellers here often field multiple offers within days of listing.
That speed cuts both ways. You need to be a non-contingent buyer to compete — and a bridge loan makes that possible.
Most bridge loans run 6 to 12 months. Some lenders offer extensions, but expect fees.
No — that's the point. You close on the new property first, then sell your existing home during the bridge term.
You'll either need an extension or a refinance into longer-term financing. Plan for this before you close.
Yes. Bridge loans carry more risk for lenders, so rates run higher. Rates vary by borrower profile and market conditions.
Yes. Bridge loans work for both primary residences and investment properties. Lender requirements vary.
Most lenders require 20–30% equity in your departing property. More equity usually means better terms.