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Simi Valley moves fast. When the right property hits the market, waiting to sell first can cost you the deal.
A bridge loan — short-term financing secured against your current home — lets you act now. You close on the new property, then sell the old one.
6–12 Months
Typical Loan Term
650+
Common Credit Floor
Interest-Only
Rate Type
Non-QM
Loan Category
2–3 Weeks
Est. Close Timeline
Bridge Loans in Simi Valley
Bridge loans are non-QM products. Lenders don't follow standard agency guidelines — each lender sets its own terms.
Equity is everything here. Most lenders want significant equity in your current home. Strong credit helps, but collateral drives approval.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Simi Valley.
Simi Valley moves fast. When the right property hits the market, waiting to sell first can cost you the deal.
A bridge loan — short-term financing secured against your current home — lets you act now. You close on the new property, then sell the old one.
Bridge loans are non-QM products. Lenders don't follow standard agency guidelines — each lender sets its own terms.
Banks rarely offer bridge loans. Most live in the wholesale and private lending world — which is exactly where we operate.
At SRK CAPITAL, we have access to 200+ wholesale lenders. That means we find bridge programs that fit your timeline and equity position.
The biggest mistake I see: borrowers assume their bridge loan will close as fast as a conventional. It won't. Plan for 2–3 weeks minimum.
Also — have your exit strategy locked before you apply. Lenders want to know exactly how you're paying this off. 'I'll sell eventually' won't cut it.
Hard money loans are the closest alternative. They're also short-term and asset-based, but often carry higher rates and fees than bridge products.
A HELOC (home equity line of credit) can work too — but only if your current lender will approve one fast enough. In a competitive situation, that rarely works.
Simi Valley sits in Ventura County, where move-up buyers are common. Many homeowners have built real equity and want to trade up without selling first.
As of April 2026, Ventura County's ownership rates stay high. That equity base makes bridge loans a practical fit for local borrowers who don't want to move twice.
Most bridge loans run 6 to 12 months. Some lenders extend to 24 months depending on the deal.
No — that's the point. You qualify based on equity in your current home. You sell after you've closed on the new one.
Most wholesale bridge lenders want 650 or higher. Equity and exit strategy carry more weight than credit alone.
Usually yes. Most bridge loans are structured as interest-only to keep monthly payments manageable during the transition.
Yes. Bridge loans work for both primary residences and investment properties. Lender terms may differ between the two.
Faster than a conventional loan — but don't count on less than two weeks. Budget 2–3 weeks to be safe.