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Ferndale moves slowly. That's the charm — and the problem when you need to buy before your current home sells.
A bridge loan gives you short-term cash to close on the new property. You repay it once your existing home sells.
6–12 Months
Typical Loan Term
20–30% Min
Equity Required
Non-QM
Loan Type
Interest-Only
Payment Structure
Bridge Loans in Ferndale
Bridge loans are non-QM products. Lenders look at equity, not just income or credit score.
You typically need strong equity in your departing home — most lenders want at least 20–30% equity to work with.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Ferndale.
Ferndale moves slowly. That's the charm — and the problem when you need to buy before your current home sells.
A bridge loan gives you short-term cash to close on the new property. You repay it once your existing home sells.
Bridge loans are non-QM products. Lenders look at equity, not just income or credit score.
Big banks don't offer bridge loans. You need a wholesale lender or private lending channel to get this done.
At SRK CAPITAL, we have access to 200+ wholesale lenders. That reach matters in a niche product like this.
The biggest mistake I see: borrowers underestimate how long Ferndale homes sit on the market.
Structure your bridge loan exit around a realistic sale timeline — not a best-case one. Rates vary by borrower profile and market conditions.
Hard money loans are the closest alternative. They're also short-term, but typically higher cost and faster to close.
Interest-only loans solve a cash flow problem, not a timing problem. Bridge loans are built for buyers in transition.
Ferndale is a small, historic market in Humboldt County. Inventory is limited and buyers are few.
When a property comes up, you move fast or lose it. A bridge loan lets you act without waiting on your sale.
Most bridge loans run 6 to 12 months. Some lenders extend to 24 months for the right deal.
No — that's the point. Bridge loans let you buy first. Your existing home secures part of the financing.
Rural properties can complicate appraisals. Lender options narrow, so working with a broker who has wide access helps.
You'll need to refinance or extend the loan. Plan your exit strategy before you close on the bridge.
Most are interest-only during the term. You pay the principal off when your departing property sells.