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Bridge Loans in Dos Palos
Dos Palos sits in agricultural Merced County, where property transactions often move slower than metro markets. Bridge loans give you leverage when you find the right property but haven't sold your current one yet.
Farmers and ranchers here frequently need bridge financing when consolidating land or upgrading properties. The rural nature of Dos Palos means selling can take months, but buying opportunities don't wait.
Most bridge lenders want 20-30% equity in your existing property and can lend up to 80% combined loan-to-value. Your credit matters less than your exit strategy—how you'll pay off the bridge loan.
Expect approval in 5-10 days versus 30-45 for conventional loans. You need proof of a viable sale plan, not perfect credit or traditional income documentation.
Bridge lenders charge 8-12% interest with 1-2 point origination fees in Merced County. Terms run 6-12 months, giving you time to sell without rushed decisions.
Most lenders here understand agricultural properties and seasonal cash flow. SRK CAPITAL connects you with lenders who've closed bridge deals on farmland, not just suburban homes.
I've seen Dos Palos buyers lose farm parcels while waiting for their house to sell. Bridge loans cost more upfront but save deals that would otherwise die.
The key mistake is underestimating your sale timeline. In this market, price your existing property aggressively from day one. Bridge loans aren't cheap—plan to be out in 6 months max.
Hard money loans work for fix-and-flip investors who won't occupy the property. Bridge loans are for owner-occupants or investors who need time to sell before buying.
Construction loans fund new builds over 12-18 months. Bridge loans give you 6-12 months to transition between existing properties. Different tools for different situations.
Dos Palos properties often include land parcels or agricultural components that complicate conventional financing. Bridge lenders evaluate equity differently than traditional banks.
Seasonal agricultural income doesn't fit standard mortgage boxes. Bridge loans focus on property value and exit strategy, not your March versus September cash flow.
Most lenders approve in 5-10 days and fund within 2-3 weeks. You need an appraisal on your existing property and a purchase contract on the new one.
Most bridge loans allow one 6-month extension with additional fees. Some lenders require you to list below market price or accept backup refinancing terms.
Yes, but you need lenders who understand farm equity. Not all bridge lenders touch ag property—we connect you with the ones who do.
Some bridge loans are interest-only with balloon payment at sale. Others defer all payments until you sell your existing property.
Most lenders want 640 minimum, but equity matters more than score. Strong equity can offset credit below 700.
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.