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Wasco is a working agricultural community in Kern County. Timing a sale and purchase simultaneously is genuinely difficult here.
Bridge loans solve that timing problem. You tap your current home's equity to fund the next purchase — no waiting on a buyer.
6–12 Months
Typical Loan Term
650+
Min Credit Score
20–30%
Equity Required
Non-QM
Loan Type
Varies by Profile
Rate Type
Bridge Loans in Wasco
Lenders look at equity first. You generally need 20–30% equity in your departing property to qualify.
Credit and income still matter. Most bridge lenders want a 650+ credit score and proof you can carry both loans.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Wasco.
Wasco is a working agricultural community in Kern County. Timing a sale and purchase simultaneously is genuinely difficult here.
Bridge loans solve that timing problem. You tap your current home's equity to fund the next purchase — no waiting on a buyer.
Lenders look at equity first. You generally need 20–30% equity in your departing property to qualify.
Big retail banks rarely do bridge loans. This is a specialty product — you need a broker with wholesale lender access.
At SRK CAPITAL, we shop bridge programs across 200+ wholesale lenders. That gives you real options on rate and structure.
The biggest mistake I see: borrowers underestimate closing costs. Bridge loans carry origination fees plus interest reserves.
Structure matters as much as rate. Some programs let you make interest-only payments. That keeps monthly cash flow manageable.
Hard money loans are the closest alternative. They're faster but usually more expensive and shorter in term.
A HELOC can work if your timeline is flexible. But HELOCs take weeks to open and may freeze during a sale process.
Wasco's market is thinner than coastal California cities. Homes can sit longer, making bridge timing less predictable.
Agricultural income — common in Kern County — can complicate qualification. Lenders scrutinize seasonal cash flow carefully.
Most run 6 to 12 months. Some lenders extend to 24 months if your exit timeline needs more room.
Yes, but documentation requirements are strict. Lenders want 2 years of tax returns showing consistent income.
You'll need to refinance or sell under pressure. Always have a backup exit plan before you close a bridge loan.
Yes. They don't meet conventional lending standards, so they're funded through portfolio or private lenders.
It depends on your equity position and the lender's LTV cap. Most programs lend up to 70–75% of combined property value.