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Moorpark moves fast. When the right home hits the market, waiting on your current sale can cost you the deal.
A bridge loan gives you short-term cash to close on the new home now. You repay it once your existing property sells.
6–12 Months
Typical Loan Term
620–640
Min Credit Score
20–30% in Current Home
Equity Required
10–15 Business Days
Est. Close Time
Non-QM / Short-Term
Loan Type
Bridge Loans in Moorpark
Bridge loans are non-QM products. Lenders focus on equity, not your debt-to-income ratio.
You generally need 20–30% equity in your current 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 Moorpark.
Moorpark moves fast. When the right home hits the market, waiting on your current sale can cost you the deal.
A bridge loan gives you short-term cash to close on the new home now. You repay it once your existing property sells.
Bridge loans are non-QM products. Lenders focus on equity, not your debt-to-income ratio.
Most banks won't touch bridge loans. This is a wholesale and private lender product.
We work with 200+ wholesale lenders, including several that specialize in short-term bridge financing in California.
The deals I've seen fall apart usually share one problem: the borrower waited too long to line up financing.
Get your bridge loan approved before you make an offer. Sellers in Moorpark won't wait for you to figure out your financing.
Hard money loans are similar but usually carry higher rates and fees. Bridge loans from wholesale lenders often price better.
An interest-only loan on a new purchase is another path — but it won't solve the timing gap the way a bridge loan does.
Moorpark is a tight inventory market. Homes in established neighborhoods attract multiple offers quickly.
That competition makes contingent offers risky. A bridge loan lets you remove the sale contingency and compete like a cash buyer.
Most bridge loans run 6 to 12 months. Some lenders offer up to 24 months if your exit timeline requires it.
Some bridge loans are interest-only monthly. Others defer all payments and collect at payoff. It depends on the lender.
Yes. Lenders care about your equity and exit plan. The home doesn't need to be listed at closing.
Most lenders want at least 620–640. But equity and a clear exit strategy carry more weight than score alone.
Faster than conventional — often 10 to 15 business days. Some private lenders close in under a week.
Yes. Bridge loans are short-term and higher risk. Rates vary by borrower profile and market conditions.