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Bridge Loans in Fairfield
Fairfield sits between Bay Area pricing and Central Valley affordability. That spread creates natural bridge loan scenarios—buyers selling in pricier markets while moving in.
Solano County inventory moves faster than most sellers expect. Bridge financing lets you compete with cash buyers while your current property closes.
Most Fairfield bridge loans run 6-12 months. Borrowers use them to avoid sale contingencies that kill deals in competitive neighborhoods near Travis Air Force Base.
Private lenders dominate this space in Solano County. Traditional banks rarely touch bridge deals, especially for investment properties or unique scenarios.
You need 20-30% equity in your current property. Lenders use combined loan-to-value across both homes—usually capping at 75-80% total exposure.
Credit scores matter less than equity position. We've closed deals at 600 FICO when the numbers make sense and exit strategy is clear.
Lenders want proof you can carry both payments temporarily. Most require reserves covering 6 months of combined debt service.
Your exit strategy drives approval. Pending sale contracts, active listings, or refinance plans all work—but you need documentation.
Portfolio lenders and private funds control Fairfield bridge financing. Each has different appetites for property condition, borrower history, and loan size.
Rates run 7-12% depending on equity position and term. Origination fees add 1-3 points—higher than conventional loans but reflect the speed and risk.
Some lenders fund in 7-10 days with minimal documentation. Others want full income verification and appraisals, taking 3-4 weeks but offering better rates.
Shopping matters more here than any other loan type. One lender might decline what another approves at competitive terms.
Most Fairfield bridge loans we close involve buyers relocating from Bay Area jobs or military families moving through Travis AFB cycles.
The biggest mistake is waiting too long. Start bridge financing discussions when you find the new property—not after your offer is accepted.
Interest-only payments keep carrying costs manageable. Full principal and interest would sink most borrowers juggling two properties.
Plan for your current home to sell slower than expected. Markets shift, and buyers get picky. Extra runway prevents forced sales at bad prices.
Hard money loans look similar but serve different purposes. Hard money funds property fixes or flips—bridge loans connect property transitions.
Home equity lines seem cheaper upfront but take weeks to open and cap quickly in Fairfield's market. Bridge loans fund faster with higher limits.
Sale contingencies cost you properties in competitive Fairfield neighborhoods. Bridge financing costs more but wins deals.
Some borrowers use 401k loans to avoid bridge financing. That works for small gaps but creates tax complications and limits buying power.
Fairfield's location between Sacramento and San Francisco creates unique timing pressure. Sellers moving between these markets need bridge financing flexibility.
Travis Air Force Base PCS cycles generate predictable bridge loan volume every summer. Lenders familiar with military buyers move faster.
Green Valley and Paradise Valley neighborhoods see the most bridge activity. Buyers want in before selling existing properties.
Solano County appraisers can lag in hot markets. Build extra time into your bridge loan timeline for valuation delays on both properties.
Fast lenders fund in 7-10 days with minimal documentation. Traditional portfolio lenders take 3-4 weeks but often offer better rates.
Most lenders offer 6-month extensions at higher rates. Some require the property to be listed and actively marketed to extend terms.
Yes, many private lenders fund investor bridge loans. Rates run 1-2% higher than owner-occupied bridge financing.
Most lenders want appraisals on both. Some accept automated valuations on your current home if equity position is strong.
Equity matters more than credit. We've closed deals at 600 FICO when borrowers have 30%+ equity and clear exit plans.
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.