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Chico's market moves fast enough that waiting to sell first costs you deals. A bridge loan lets you act on the right property now.
Post-Camp Fire rebuilding pushed Chico inventory tight. Sellers here rarely wait for contingent buyers when clean offers are available.
6–12 months
Typical Loan Term
20%+ in current home
Equity Required
Non-QM
Loan Type
Varies by lender
Rate Type
Bridge Loans in Chico
Bridge loans are non-QM products. Lenders focus on equity in your current home, not just your debt-to-income ratio.
Most lenders want at least 20% equity in your departing property. Strong credit helps, but the deal structure matters more.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Chico.
Chico's market moves fast enough that waiting to sell first costs you deals. A bridge loan lets you act on the right property now.
Post-Camp Fire rebuilding pushed Chico inventory tight. Sellers here rarely wait for contingent buyers when clean offers are available.
Bridge loans are non-QM products. Lenders focus on equity in your current home, not just your debt-to-income ratio.
Big banks rarely offer bridge loans. This product lives in the wholesale and private lending world.
At SRK CAPITAL, we shop bridge programs across 200+ wholesale lenders. Rates and terms vary significantly — that spread matters here.
The deals I see fall apart when borrowers underestimate carrying costs. You're paying two mortgages temporarily — budget for that.
Structure matters as much as rate. Some bridge programs let you roll payments into the loan balance. Others require monthly payments. Know which you're getting.
Hard money loans are the closest alternative. They're faster to close but typically carry higher rates and fees than bridge products.
A HELOC on your current home is another option — but it requires time to set up and doesn't always fit a fast Chico timeline.
Chico is a college town with a real owner-occupant market. Bridge loans here often serve move-up buyers, not just investors.
Butte County's fire rebuild history means some properties carry insurance complications. Factor that into your timeline and exit strategy.
Most bridge loans run 6 to 12 months. Some lenders extend to 24 months if your departing property needs time to sell.
No — that's the point. The bridge loan covers your new purchase while your existing home is still on the market.
Requirements vary by lender. Equity position and exit strategy typically carry more weight than credit score alone.
Not harder, but fire-affected properties may need extra documentation. Your broker should flag this early in the process.
You'll need to refinance or extend the bridge loan. Plan your list price and timeline before you close — not after.
Bridge loans often have lower rates and are structured for owner-occupants. Hard money skews toward investors and closes faster.