Loading
Loading
Benicia is a tight market. When the right home hits, you can't wait 60 days for your current sale to close.
A bridge loan gives you short-term cash to move fast. You buy the new home first, then sell what you have.
6–12 Months
Typical Loan Term
20–30% Min
Equity Needed
620+
Min Credit Score
Interest-Only
Rate Type
10–15 Days
Est. Close Time
Bridge Loans in Benicia
Bridge loans are non-QM products. Lenders care about equity, not just your pay stubs.
You generally need 20–30% equity in your departing property. 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 Benicia.
Benicia is a tight market. When the right home hits, you can't wait 60 days for your current sale to close.
A bridge loan gives you short-term cash to move fast. You buy the new home first, then sell what you have.
Bridge loans are non-QM products. Lenders care about equity, not just your pay stubs.
Most retail banks won't touch bridge loans. Their underwriting isn't built for short-term, equity-based deals.
Wholesale lenders and private money shops are where these get done. We work with 200+ lenders — several specialize in exactly this structure.
The biggest mistake I see: borrowers wait too long to line up bridge financing. Get approved before you write the offer.
Your exit strategy is everything. Lenders want to know how you're paying this off. A listed property beats a vague plan every time.
A HELOC (home equity line of credit) is cheaper — but it takes weeks to fund and requires your home to already be paid down.
Hard money moves just as fast and has looser criteria, but rates run higher. Bridge loans sit in the middle: faster than HELOCs, cheaper than hard money.
Benicia draws buyers who want small-town feel with Bay Area access. That demand keeps inventory low and competition real.
Solano County properties can move quickly in desirable pockets. A contingent offer puts you behind cash and bridge-funded buyers.
Most bridge loans run 6 to 12 months. Some lenders extend to 24 months if the exit strategy is solid.
No. That's the point. You use your current home's equity to buy the new one before the sale closes.
Most lenders want 620 or higher. But equity and your exit plan carry more weight than your score alone.
Yes. Solano County properties qualify. The lender evaluates the equity in your departing home, not just location.
Usually yes. Interest-only payments keep your monthly costs down while you're carrying two properties.
Faster than conventional loans. Many close in 10–15 days depending on the lender and title timeline.