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Susanville is a small, tight-inventory market. When a property hits, you often need to move fast.
A bridge loan lets you buy now using your current home's equity. You don't wait for escrow to close on your sale.
6–12 months
Typical Loan Term
Non-QM product
Credit Flexibility
20–30% in current home
Equity Needed
Non-QM / Private
Loan Type
Higher than conventional
Rate Type
Bridge Loans in Susanville
Bridge loans are Non-QM products. Lenders care more about your equity and exit strategy than your W-2.
Most lenders want 20–30% equity in your departing home. Strong credit helps, but it's not the only factor.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Susanville.
Susanville is a small, tight-inventory market. When a property hits, you often need to move fast.
A bridge loan lets you buy now using your current home's equity. You don't wait for escrow to close on your sale.
Bridge loans are Non-QM products. Lenders care more about your equity and exit strategy than your W-2.
Big banks rarely offer bridge loans. This product lives in the wholesale and private lending space.
At SRK CAPITAL, we shop across 200+ wholesale lenders to find bridge programs that fit Susanville deals.
The biggest mistake I see: borrowers underestimate carrying costs. You may hold two properties for months.
Budget for interest on both loans simultaneously. Bridge loans carry higher rates than conventional financing. Rates vary by borrower profile and market conditions.
A contingent offer lets you buy only after selling. In a competitive market, sellers often pass on those.
Hard money loans are similar but built for investors. Bridge loans target owner-occupants and move-up buyers.
Lassen County's rural designation affects property values and appraisal comps. Lenders notice that.
Susanville's market moves slower than coastal California. Build extra time into your sale timeline estimate.
Most bridge loans run 6 to 12 months. Some lenders extend to 24 months for rural markets like Lassen County.
No. Bridge loans are designed for borrowers who haven't sold yet. Your existing equity is the collateral.
Bridge loans are Non-QM, so DTI rules are flexible. Lenders focus on equity and your exit plan instead.
Yes, but fewer lenders serve rural markets. Working with a broker who shops wholesale lenders makes a real difference.
Talk to your lender early — extensions are sometimes available. Your exit strategy should include a backup plan.
A HELOC takes weeks or months and requires steady income. A bridge loan closes faster and is tied to your sale.