I am buying my first property this upcoming Monday.I have a student loan balance from dental school above 400k with an interest rate of 5.875%.

I have a student loan balance above 400k with an interest rate of 5.875%.

I do a lot of these loans for my investor clients.

Quote from @Tracy Thielman: I’m seeing an uptick in bridge loan usage, especially for investors needing quick acquisitions or waiting on long-term financing.Are others seeing the same trend?

However, we put little down, so our equity isn't much.I was going to try to get a personal loan, but the amount is too large for me to get.

I am a vet and have used my VA loan to house hack 4 times.

Honestly if a closing is 10 days vs 21 days, in 99% of the time that makes no difference.Where speed is more important is the borrower completing the rehab. a 3-6 month rehab at 12% is better than it taking a year at 10% not only because of interest but all other carrying costs.In reality though, most only look at rate because they do not know how to calculate the full cost of the loan.

To be balanced, let's list some downsides - Pre-payment penalties - Usually a higher interest rates than agency loans - Short terms  (These are not usually 30-year loans. 

If the rest of the house is solid, patching it ahead of time or negotiating a quick repair with the seller is normally the cleanest way to keep the appraisal smooth.

Conditions to close happen on every loan.