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Willits moves slower than the Bay Area, but good properties still go fast. Waiting to sell first can cost you the deal.
A bridge loan gives you short-term cash to close on the new property now. You repay it once your current home sells.
6–12 Months
Typical Loan Term
620+
Min Credit Score
20–30% Min
Equity Required
Typically Interest-Only
Rate Type
Non-QM
Loan Category
Bridge Loans in Willits
Bridge loans are non-QM products. That means lenders skip standard debt-to-income rules and focus on your equity instead.
You typically need significant equity in your current home. Most lenders want at least 20–30% equity to approve a bridge loan.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Willits.
Willits moves slower than the Bay Area, but good properties still go fast. Waiting to sell first can cost you the deal.
A bridge loan gives you short-term cash to close on the new property now. You repay it once your current home sells.
Bridge loans are non-QM products. That means lenders skip standard debt-to-income rules and focus on your equity instead.
Big retail banks rarely offer bridge loans. This product lives in the wholesale and private lending space.
At SRK CAPITAL, we work with 200+ wholesale lenders. That gives us real options for Willits borrowers that most brokers can't access.
The biggest mistake I see is borrowers underestimating carry costs. Bridge loans are short-term but they're not cheap.
Your exit timeline is everything. If your Willits property sits on the market longer than expected, costs stack up fast.
Hard money loans are the closest alternative. They're also equity-based but often carry higher rates and shorter terms.
A home equity line of credit can work if your current home is paid down. But HELOCs take time and don't always close fast enough.
Willits is a rural Mendocino County market. Properties here can take longer to sell than urban California markets.
That slower absorption rate affects your bridge loan timeline. Build in extra buffer — don't assume a 90-day sale.
Most bridge loans run 6 to 12 months. Rural markets like Willits may require longer terms given slower sale timelines.
No — that's the point. You use equity in your current home to fund the purchase before it sells.
Yes, significantly. These are short-term, higher-risk loans. Rates vary by borrower profile and market conditions.
You may face extension fees or need to refinance into a longer-term product. Have a backup plan before you close.
Yes. Investors use bridge loans frequently to move fast on deals. Lender terms vary based on property type and equity.