We help California homeowners move forward with confidence using Bridge Loans — short-term financing solutions that make it easier to buy a new home before selling your current one. With flexible terms, fast approval, and personalized options, a bridge loan helps you bridge the financial gap between two transactions seamlessly.
Bridge Loans in California
About
What Is a Bridge Loan?
A Bridge Loan is a short-term mortgage designed to help homeowners buy a new property before selling their existing one. It provides temporary financing by using your current home’s equity as collateral. Once your old home sells, you can pay off the bridge loan — allowing you to move into your new home without delay or the stress of two mortgages at once.
You may qualify for a Bridge Loan if you meet the following criteria:
- Current Homeowner: You own a property with significant equity.
- Credit Score: Typically 680+, depending on the lender.
- Income Verification: Stable income and ability to handle both payments temporarily.
- Debt-to-Income Ratio (DTI): Ideally below 45%.
- Repayment Plan: A clear plan to pay off the bridge loan once your home sells.
- Property Type: Available for primary residences and second homes.
Benefits
Benefits of a Bridge Loan
Buy Before You Sell
Move into your new home without waiting for your old one to close.
Quick Access to Funds
Close on your new property faster with flexible financing.
Use Home Equity Wisely
Tap into your current home’s value to cover your down payment.
Avoid Temporary Housing
Skip the stress of moving twice or renting short-term.
No Contingent Offers
Make a strong purchase offer without a “sale contingency.
Flexible Repayment Terms
Pay off the bridge loan once your old home sells.
Types
Types of Bridge Loans We Offer
Open Bridge Loan
Best For: Buyers with flexible timelines
Highlights: No strict payoff deadline; allows more flexibility
Closed Bridge Loan
Best For: Buyers under contract to sell
Highlights: Defined repayment date once your home closes
Business/Investor Bridge Loan
Best For: Property investors
Highlights: Use equity to acquire or flip new properties quickly
Comparison
Bridge Loan vs. Home Equity Loan
Bridge Loan
- Purpose: Buy a new home before selling the current one
- Loan Term: Short-term (6–12 months)
- Repayment: After sale of old home
- Approval Speed: Fast
- Collateral: Current home
- Ideal For: Homebuyers in transition
Home Equity Loan
- Purpose: Borrow cash while keeping your existing home
- Loan Term: Long-term (5–15 years)
- Repayment: Monthly installments
- Approval Speed: Moderate
- Collateral: Current home
- Ideal For: Homeowners needing long-term funds
FAQs
Frequently
Asked Questions
Still have a question?
JLLendingTeam: A collaborative group specializing in providing tailored lending solutions and financial support for clients.
How long do bridge loans last?
Most bridge loans have terms of 6 to 12 months, giving you time to sell your home and repay the loan.
Do I need to sell my old home first?
No. A bridge loan is designed specifically so you can buy before you sell.
Can I use a bridge loan for investment properties?
Yes, depending on the lender, bridge loans can also be used for investment or flip properties.
Are bridge loans more expensive?
Bridge loans may have slightly higher rates due to short terms, but they provide flexibility and speed that traditional loans can’t match.
Still have a question?
JLLendingTeam: A collaborative group specializing in providing tailored lending solutions and financial support for clients.
JL Lending Team
Why Choose Us for Bridge Loan?
Local Experts
Serving California’s veterans with deep knowledge of the state’s housing market.
Fast, Tech-Enabled Process
Apply, upload documents, and track your loan online.
Personalized Guidance
We’re not tied to one lender — we find the best loan for you.
Contact Us
Ready to Get Started with a Bridge Loan?
Don’t let timing stop you from buying your next home. Let JL Lending Team help you secure a bridge loan so you can move forward confidently while waiting for your home to sell.
Start today and bridge the gap to your new home with ease.