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Angels Camp moves at its own pace. Deals here don't wait for your existing home to close.
A bridge loan covers your new purchase now. You repay it once your current property sells.
6–12 Months
Typical Loan Term
20–30% Min
Equity Needed
640+ Typical
Credit Score
Non-QM / Higher
Rate Type
Non-QM
Loan Type
Bridge Loans in Angels Camp
Bridge loans are non-QM products. Standard debt-to-income rules don't apply the same way.
Lenders focus on equity. You typically need 20–30% equity in your current home to qualify.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Angels Camp.
Angels Camp moves at its own pace. Deals here don't wait for your existing home to close.
A bridge loan covers your new purchase now. You repay it once your current property sells.
Bridge loans are non-QM products. Standard debt-to-income rules don't apply the same way.
Most retail banks don't offer bridge loans. You need a broker with wholesale access.
SRK CAPITAL shops across 200+ lenders. We find bridge programs built for your timeline.
The biggest mistake I see: borrowers wait too long to apply. Bridge loans need title work on two properties.
Start the process before you make an offer. Processing takes time, even on short-term loans.
Hard money loans are the closest alternative. Both are asset-based and move fast.
Bridge loans typically carry lower rates than hard money. But hard money can fund in days when needed.
Angels Camp is a small market. Properties here don't get 40 competing offers.
But motivated sellers in Calaveras County still prefer non-contingent buyers. A bridge loan makes you that buyer.
Most bridge loans run 6 to 12 months. Some lenders extend to 24 months if your property hasn't sold.
Some programs are interest-only monthly. Others defer all payments until the loan pays off at sale.
Yes, but lenders scrutinize rural collateral more closely. Acreage and well/septic status affect approval.
Requirements vary by lender. Most bridge programs want a 640+ score, but equity drives the decision more.
You'll need to refinance or extend the loan. Plan your exit before you close — not after.
Yes. Bridge loans are short-term and non-QM. Rates vary by borrower profile and market conditions.