Residential Mortgage

Bridge Loans (Buy First, Sell Later)

Buy your next California home before selling your current one with a bridge loan from NetCORE Lending™. Close in 3-5 days, avoid contingent offers, skip temporary housing, and sell your old home on your own timeline. Available up to $5M+ with no prepayment penalties.

Apply for a Bridge Loan

Is This Loan Right for You?

A bridge loan from NetCORE Lending™ is right for you if you are a California homeowner who needs to buy your next home before selling your current one. It uses your existing home equity to fund the new purchase, letting you make a non-contingent offer, close in 3 to 5 days, and move once. After your old home sells, you refinance into a permanent 30-year mortgage at competitive long-term rates. You will need a minimum 680 credit score, at least 25% equity in your current property, and a DTI at or below 50%. Loan amounts reach $5 million or more with 12 to 24 month terms, interest-only payments, and no prepayment penalties. Maximum LTV is 75% on the departing residence. Compared to a HELOC that takes 30 to 45 days to fund and remains on your credit report, a bridge loan closes faster with a cleaner structure for buying first. Choose a bridge loan to avoid contingent offers, temporary housing, and double moves in competitive California markets.

How It Works

Buy First, Sell Later — Step by Step

No contingencies, no double moves, no stress.

FeatureBridge LoanSell-First Approach
Buy Before SellingYesNo
Move OnceYes — directly to new homeNo — temporary housing needed
Contingent OfferNot neededRequired — weaker offer
Closing Speed3-5 days30-45 days
Sell on Your TimelineYes — 12-24 monthsMust sell first
Temporary Housing CostNone$2,000-5,000/month
Storage CostsNone$200-500/month
Bidding PowerStrong — non-contingentWeak — contingent on sale
Requirements

What Are the Bridge Loans Requirements?

Min Credit Score

680+

Min Down Payment

25%

Max LTV

75%

Max DTI

50%

Loan Limits

Up to $5M+ (case by case for larger amounts)

PMI / MIP

No mortgage insurance required

Occupancy

Primary residence

Features

Key Features

  • Buy your next home BEFORE selling your current one
  • Make non-contingent offers — compete with cash buyers
  • Close in as fast as 3-5 business days
  • Move once — no temporary housing needed
  • Loan amounts up to $5M+
  • Interest-only payments during the bridge period
  • 12-24 month terms with no prepayment penalties
  • Refinance into a permanent 30-year mortgage after selling
Process

How It Works

1

Equity Assessment

We evaluate your current home's equity and determine how much bridge financing you qualify for. Pre-approval often within hours.

2

Bridge Loan Approval

Using your current home equity as leverage, we secure bridge financing so you can make a strong, non-contingent offer on your new home.

3

Buy Your New Home

Close on your new home in as fast as 3-5 days. Move in and settle without the pressure of selling first.

4

Sell & Refinance

List your old home on your timeline. After it sells, refinance the bridge loan into a permanent 30-year mortgage at competitive rates.

Pros & Cons

What Are the Pros and Cons of Bridge Loans?

Advantages

  • Buy first, sell later — no contingent offers that lose bidding wars
  • Move once — no temporary housing, storage, or double moves
  • Close fast (3-5 days) — sellers prefer quick, certain closings
  • No prepayment penalties — pay off early when your old home sells

Considerations

  • Higher interest rates than traditional mortgages (short-term trade-off)
  • Requires significant equity in your current home (typically 25%+)
  • Two mortgages temporarily — bridge + existing until old home sells
FAQ

Frequently Asked Questions

A bridge loan is short-term financing that uses the equity in your current California home to fund the purchase of your next home — before you sell. Here's how it works: NetCORE Lending™ evaluates your current home equity, provides bridge financing so you can make a non-contingent offer on your new home, and you close in as fast as 3-5 days. You move into your new home, list your old home for sale on your own timeline, and once it sells, you pay off the bridge loan and refinance into a permanent 30-year mortgage.
Most bridge loan programs require at least 25% equity in your current home after accounting for any existing mortgage balance. For example, if your California home is worth $800,000 and you owe $400,000, you have 50% equity — more than enough to qualify. The more equity you have, the larger the bridge loan and the better the terms. NetCORE Lending™ offers bridge loans up to $5 million or more.
Yes — that's exactly what a bridge loan is designed for. Instead of adding a sale contingency to your offer (which sellers in competitive California markets like Los Angeles, Irvine, San Jose, and Diamond Bar often reject), a bridge loan lets you buy first and sell later. You make a clean, non-contingent offer, close quickly, move once, and sell your old home when you're ready. No temporary housing, no storage units, no stress.
Bridge loans typically have 12-24 month terms, giving you ample time to sell. In California's market, most homes sell within 30-90 days when priced correctly. If the market slows, loan extensions are typically available. NetCORE Lending™ helps you plan your timeline so you're never caught off guard. We can also connect you with experienced California real estate agents.
Bridge loan rates typically range from 8-12% depending on your equity, credit score (minimum 680), and the property. While higher than a traditional 30-year mortgage, remember this rate is temporary — most borrowers only pay it for 2-4 months until their old home sells. The short-term cost is far less than the alternative: losing your dream home to a cash buyer, paying double mortgages for months, or spending thousands on temporary housing and storage.
Bridge loans from NetCORE Lending™ can close in as fast as 3-5 business days — compared to 30-45 days for traditional financed purchases. This speed makes your offer nearly as strong as a cash offer. In competitive California markets where homes receive multiple offers within days of listing, closing speed is often the deciding factor for sellers choosing between buyers.
Bridge loans and hard money loans both offer fast closings, but they serve different purposes. A bridge loan is designed for homeowners buying their next primary residence before selling their current one — it's a temporary financing tool that bridges the gap between homes. Hard money loans are typically used by real estate investors for fix-and-flip projects or properties that don't qualify for traditional financing. Bridge loans generally have better rates and terms for owner-occupied purchases.
A HELOC (Home Equity Line of Credit) requires your current home to remain your primary residence while you draw on it, and approval can take 30-45 days. A bridge loan is specifically designed for the transition between homes — it provides faster funding (3-5 days), higher loan amounts (up to $5M+), and is structured for the buy-first-sell-later scenario. A HELOC also remains on your credit, which can affect your DTI when qualifying for your new mortgage.
Local Expertise

Getting a Bridge Loans Loan in the San Gabriel Valley

NetCORE Lending™ is headquartered in Diamond Bar and has been helping borrowers across the San Gabriel Valley secure bridge loans financing since 2015. We serve homebuyers and homeowners in Pomona, Walnut, Rowland Heights, West Covina, Chino Hills, Covina, La Verne, Glendora, San Dimas, Hacienda Heights, and City of Industry — as well as borrowers throughout California.

As a local mortgage broker, we understand the San Gabriel Valley real estate market — from the higher-value properties in Chino Hills and Diamond Bar to the more affordable options in Pomona and West Covina. Our team provides bilingual service in English and Vietnamese and shops 100+ wholesale lenders to find you the lowest available rate on your bridge loans loan.

Call (714) 399-6361 to discuss bridge loans options with a local loan advisor, or get pre-qualified online in 2 minutes.

Related

Also Consider

Explore other loan products that might be a good fit for your needs.

Hard Money

Short-term asset-based financing for real estate investors. Ideal for fix-and-flip projects, bridge loans, short-term rentals, and ground-up construction with fast funding.

Conventional

A traditional mortgage not insured by the federal government. Ideal for borrowers with strong credit and stable income who want competitive rates and flexible terms.

Jumbo

Financing for high-value properties that exceed conforming loan limits. Ideal for luxury homes and high-cost real estate markets in Southern California.

Cash Offer Loans

Make an all-cash offer on a California home — even without the cash on hand. Close in as fast as 3 days, waive financing contingencies, and win bidding wars. NetCORE Lending™ provides short-term bridge financing so you can buy like a cash buyer, then refinance into a permanent 30-year mortgage.

Ready to Get Started?

Apply online in minutes or call us to speak with a loan advisor about your Bridge Loans options.

Apply for a Bridge Loan(714) 399-6361

This information is not intended to be an indication of loan qualification, loan approval or commitment to lend. Rates, terms, and availability of programs are subject to change without notice.

Reviewed by Joann Ton, Loan Officer (NMLS# 1461031) | Last updated: June 2026