Residential Bridge Loan Program – California
Our Residential Bridge Loan Program allows homeowners to leverage the equity in their current residence to purchase a new owner-occupied home before selling their existing property. This short-term solution enables buyers to submit strong, non-contingent offers while providing peace of mind during the transition period.
| Loan Amounts | $100,000 – $2,500,000+ |
| Property Type | Single Family – Condo – Townhouse |
| Loan Type | Owner Occupied Purchase – 1st & 2nd Trust Deeds |
| Loan-to-Value | Up to 70% on New or Existing Property |
| Terms | 11 Months or Less – Balloon – Interest Only Payments |
| Underwriting | Equity-Driven – Bank Statements – No Tax Returns Required (other docs may apply) |
| Property Valuation | BPO Required; Appraisal in Some Cases |
| Interest Rates | 1st Trust Deeds from 9.99% – 2nd Trust Deeds from 12.50% |
| Points & Fees | 2+ Points plus Underwriting & Valuation Fees starting at $3,495+ |
| Compliance Requirements | 3-Day Right to Cancel Applies | MLO Required | No Financing of Points & Fees | HUD Counseling & Certification Required | No Prepayment Penalties |
| Timeline to Fund | Same Day Approvals – Fast Closings |
Who This Program Serves
- Homeowners purchasing a new primary residence
- Buyers needing to remove sale contingencies
- Borrowers transitioning between homes
- Homeowners seeking competitive leverage in strong markets
What Makes Our Program Different
- Non-Contingent Buying Power
Strengthens purchase offers by eliminating sale contingencies. - Equity-Focused Underwriting
Approval based primarily on available equity rather than traditional income metrics. - Consumer Protection Compliance
Built-in safeguards including Right to Cancel and HUD counseling requirements. - Speed & Certainty
Same Day Approvals and streamlined closing process. - No Prepayment Penalties
Flexibility to repay once existing home sells.
Strategic Advantages
- Purchase your next home before selling
- Avoid rushed or discounted home sales
- Compete confidently in fast-moving markets
- Maintain liquidity with interest-only payments
Why Mortgage Vintage, Inc.?
Mortgage Vintage, Inc. is a direct hard money lender that originates and funds business purpose loans secured by California real estate.
✓ Same Day Term Sheets – Professional Service
✓ Easy Loan Submission – Quick Turnaround – 7 Day Fundings
✓ Fast, Flexible and Transparent Loan Process
✓ Over 30 Years Financial Industry Experience
✓ Funding Based on Committed Terms
✓ Surety of Funding through CrowdTrustDeed’s Simple and Secure Online Marketplace
✓ Se Habla Español
All loans must be secured by California real estate.
Contact:
Sandy MacDougall – (949) 763-3982 – sandy@mortgagevintage.com
