Loading
Loading
Colfax sits in the Sierra Nevada foothills of Placer County. Properties here move at their own pace — and timing a sale with a purchase is rarely clean.
A bridge loan gives you short-term cash to close on a new home before your current one sells. That flexibility matters in a market where good properties don't wait.
6–12 months
Typical Loan Term
20–30%
Min Equity Required
Interest-only common
Rate Type
Non-QM
Loan Classification
10–15 business days
Est. Close Time
Bridge Loans in Colfax
Bridge loans are non-QM products. Lenders care more about equity and exit strategy than your debt-to-income ratio.
You typically need strong equity in your current property — at least 20–30%. Your credit score matters, but a clear repayment plan matters more.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Colfax.
Colfax sits in the Sierra Nevada foothills of Placer County. Properties here move at their own pace — and timing a sale with a purchase is rarely clean.
A bridge loan gives you short-term cash to close on a new home before your current one sells. That flexibility matters in a market where good properties don't wait.
Bridge loans are non-QM products. Lenders care more about equity and exit strategy than your debt-to-income ratio.
Big retail banks rarely offer bridge loans. Most won't touch them. Wholesale lenders and private money shops are where these deals actually get done.
SRK CAPITAL works with 200+ wholesale lenders — including those that specialize in non-QM and short-term products that fit Colfax-area buyers.
The deals that fall apart aren't because of bad credit. They fall apart because the borrower didn't have a defined exit — meaning how and when they pay off the bridge.
Before you apply, know exactly what you're doing with the departing property. Are you listing it? Renting it? Lenders will ask. Have the answer ready.
Hard money loans are the closest alternative. They're also short-term and equity-based, but often carry higher rates and fees than a bridge product.
A HELOC on your current home is another option — if you have time to set it up. Bridge loans move faster and don't require a separate draw process.
Colfax is a smaller foothill community. Comps can be thin, and appraisals on mountain or rural properties sometimes come in conservative.
That matters for bridge loans because your borrowing power is tied directly to your equity. A lower appraisal shrinks that number. Work with a broker who knows how foothill valuations get handled.
Most bridge loans run 6 to 12 months. Some lenders extend to 24 months depending on the deal structure.
Many bridge loans are interest-only. Some let you defer payments until the bridge is paid off from your home sale proceeds.
Yes, but rural and foothill properties face stricter appraisal scrutiny. Your equity cushion needs to be solid.
Faster than most conventional loans — often 10 to 15 business days. Speed depends on appraisal and title turnaround.
You'll need to refinance or extend the bridge. Having a backup plan before you close is not optional — it's required thinking.
Yes. Bridge loans carry higher rates than conventional financing. Rates vary by borrower profile and market conditions.