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Bridge Loans in Dixon
Dixon sits in Solano County where timing drives deals. Most buyers here own property elsewhere and need to close fast.
Bridge loans let you buy before you sell. Terms run 6 to 12 months while you list your current home.
Lenders approve based on equity, not credit score. You need 20-30% equity in your current property to qualify.
No income documentation required. The loan gets paid off when your existing home sells, not from monthly earnings.
Most bridge lenders are private capital sources. Traditional banks don't offer these loans—they move too slow for bridge scenarios.
Rates run 8-12% with origination fees around 2 points. You pay for speed and flexibility, not cheap money.
I see Dixon buyers use bridge loans when they find the right property but their current home needs prep work before listing. You control the timing instead of losing the deal.
The key risk is carrying two mortgages if your first home sits unsold. Price your existing property right from day one or you'll burn through cash fast.
Hard money loans fund investment properties. Bridge loans fund your primary residence move. Different use cases, similar private capital sources.
Some borrowers try home equity lines instead. HELOCs cost less but take longer to fund and cap at lower amounts than bridge loans offer.
Dixon home values create strong equity positions for bridge borrowing. Most owners here have enough equity to qualify after a few years of ownership.
Selling timelines in Solano County vary by season. Budget for 3-6 months of bridge payments in case your original property takes time to move.
Most private lenders approve in 3-5 days and fund within two weeks. You need equity verification and property appraisals on both homes.
You can usually extend for 3-6 months with an extension fee. Worst case, you refinance the new property or sell at a lower price to close out the bridge.
Yes, but the lender will factor rental income into the deal structure. Occupied properties often take longer to sell, so plan your exit timeline carefully.
Yes, lenders appraise the home you're buying and the one you're selling. Both values determine your maximum loan amount and required equity position.
Most lenders approve at 620 or above, but equity matters more. Strong property values can offset weaker credit in bridge loan underwriting.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.