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Bishop is a small, tight-inventory market. When a property you want hits the market, waiting to sell first is often not an option.
A bridge loan gives you the capital to move fast. You close on the new property, then sell your existing one on your timeline.
6 – 12 Months
Typical Loan Term
620+
Min Credit Score
20–30% in Departing Home
Equity Required
Interest-Only Available
Rate Type
Non-QM
Loan Classification
Bridge Loans in Bishop
Bridge loans are non-QM products. Lenders care most about your equity position and exit strategy — not your debt-to-income ratio.
Most lenders want at least 20–30% equity in your departing home. Your credit score matters, but a solid asset base matters more.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Bishop.
Bishop is a small, tight-inventory market. When a property you want hits the market, waiting to sell first is often not an option.
A bridge loan gives you the capital to move fast. You close on the new property, then sell your existing one on your timeline.
Bridge loans are non-QM products. Lenders care most about your equity position and exit strategy — not your debt-to-income ratio.
Banks rarely offer bridge loans anymore. This product lives almost entirely in the wholesale and private lending space.
At SRK CAPITAL, we work with 200+ wholesale lenders. That reach matters in a niche market like Bishop where most banks will pass.
The biggest mistake I see: borrowers underestimate how long their existing home will take to sell. Build that timeline conservatively.
Bishop is rural and seasonal. Buyer pools thin out in winter. Price your departing property realistically before you pull the bridge trigger.
Hard money loans are the closest alternative. They're faster to fund but carry higher rates and fees than most bridge products.
A HELOC (home equity line of credit) is cheaper — but banks won't approve one after you've listed your home for sale. Bridge wins on timing.
Inyo County is one of the least populated counties in California. Appraised values can be hard to justify — pick a lender familiar with rural comps.
Bishop attracts outdoor enthusiasts, retirees, and remote workers. That buyer pool is real but narrow. Factor that into your exit timeline.
Most bridge loans run 6 to 12 months. Some lenders allow extensions. Build in buffer given Bishop's slower resale pace.
Most lenders want at least a 620. But equity and a clear exit plan carry more weight than your score on this product.
Some lenders will bridge raw land, but most prefer improved residential properties. Ask us — lender appetite varies significantly.
Rates are higher than conventional products. Rates vary by borrower profile and market conditions — expect a short-term premium.
Yes, that's the most common exit strategy. Some borrowers refinance into a long-term loan instead, depending on the property.