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Bridge Loans in Susanville
Susanville's rural market moves differently than metro California. Properties sit longer, which creates timing gaps when you need to buy before selling.
Bridge loans solve that problem. You secure the new property while your current one finds the right buyer in Lassen County's smaller pool.
Most bridge lenders want to see equity in your current property. Expect to show 20-30% equity minimum and proof you can carry both payments short-term.
Credit matters less than equity here. Lenders focus on your exit strategy—how you'll pay off the bridge when your Susanville property sells.
Traditional banks rarely touch bridge loans in rural California. You need specialty lenders who understand Lassen County's market pace and property values.
Our network includes 200+ wholesale lenders with bridge programs. Some cap at six months, others go 12. Rate spreads run 200-400 basis points above conventional.
I've seen Susanville properties take 90-180 days to sell in normal conditions. Price your current home right from day one or your bridge term runs out.
Factor in two sets of closing costs and bridge interest when calculating if this makes sense. Sometimes renting short-term beats bridge math in slower markets.
Hard money loans fund faster but cost more. Bridge loans give you slightly better rates because lenders see your equity as stronger collateral.
Home equity lines work if you have time to set one up before buying. Bridge loans close in days when you need to move on a Susanville opportunity now.
Lassen County's limited comparable sales make appraisals tricky. Bridge lenders may discount your property value more conservatively than you expect.
Winter weather slows Susanville's market further. Avoid bridge loans with November-February exit dates unless you price for quick winter sales.
Most bridge lenders close in 7-14 days once appraisal completes. Rural appraisals add 5-10 days to that timeline in Lassen County.
You can extend most bridge loans 3-6 months for a fee. Some lenders require principal paydown or rate adjustment at extension.
Yes, but lenders limit loan-to-value more strictly on rural land. Expect 50-60% LTV maximum versus 70-80% on in-town homes.
Absolutely. Many investors use bridge loans to secure rental properties before selling current holdings in slower rural markets.
Bridge rates run 2-4 percentage points higher than conventional mortgages. Rates vary by borrower profile and market conditions.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.