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Alturas is a small, rural market. Deals here move on their own timeline — but sellers don't always wait.
A bridge loan lets you buy the next property before your current one sells. That flexibility matters in a thin inventory market like Modoc County.
6–12 Months
Typical Loan Term
20–30% Min
Equity Required
Non-QM / Asset-Based
Credit Flexibility
Interest-Only
Payment Structure
Non-QM
Loan Type
Bridge Loans in Alturas
Bridge loans are non-QM — meaning lenders don't follow standard agency guidelines. Your existing equity is the main approval driver.
Most lenders want at least 20–30% equity in your current home. Strong credit helps, but the deal structure matters more.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Alturas.
Alturas is a small, rural market. Deals here move on their own timeline — but sellers don't always wait.
A bridge loan lets you buy the next property before your current one sells. That flexibility matters in a thin inventory market like Modoc County.
Bridge loans are non-QM — meaning lenders don't follow standard agency guidelines. Your existing equity is the main approval driver.
Most big banks won't touch bridge loans in rural Modoc County. This is a specialty product that lives in the wholesale and private lending space.
As a broker with access to 200+ wholesale lenders, we find programs that actually work for Alturas borrowers — not just urban buyers.
The biggest mistake I see: borrowers assume they'll sell fast and underestimate their carry costs. Plan for a longer hold than you expect.
In Alturas, your exit strategy is everything. Lenders will ask how you plan to repay. A clear answer gets you better terms.
Hard money loans are the closest alternative. They're also short-term and asset-based — but often carry higher rates and fees than bridge products.
Interest-only loans can extend your runway, but they require a long-term property plan. Bridge loans are built for a specific, short-term gap. Use them that way.
Alturas has a limited buyer pool. Your current home may take longer to sell than in a metro area. Factor that into your bridge loan term.
Property values in Modoc County can be harder to appraise. Lenders lean on local comps — and in Alturas, those comps can be thin. Be ready for conservative valuations.
Most run 6 to 12 months. Some lenders extend to 24 months for rural markets like Alturas.
Yes — your sale proceeds typically pay off the bridge. Plan your timeline before you borrow.
Yes, but lender options are limited. Specialty wholesale lenders are your best path here.
There's no hard minimum — equity is the primary factor. Better credit improves your rate. Rates vary by borrower profile and market conditions.
Usually yes. You pay interest monthly and repay principal when your existing home sells.
Most lenders want 20–30% equity in your departing home. More equity means more borrowing room.