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Loomis sits in Placer County, where move-up buyers frequently face a timing problem. The house they want hits the market before their current home sells.
A bridge loan — short-term financing secured against your current home — solves that problem. It lets you close on the new property without waiting for escrow to close on the old one.
6 – 12 Months
Typical Loan Term
30%+ Typical
Equity Required
Non-QM
Loan Type
Often Interest-Only
Rate Type
Bridge Loans in Loomis
Bridge loans are non-QM products. That means lenders don't follow standard government guidelines — each lender sets its own rules.
Most lenders want strong equity in your departing home, typically 30% or more. Credit, income, and reserves all factor in, but equity is the anchor.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Loomis.
Loomis sits in Placer County, where move-up buyers frequently face a timing problem. The house they want hits the market before their current home sells.
A bridge loan — short-term financing secured against your current home — solves that problem. It lets you close on the new property without waiting for escrow to close on the old one.
Bridge loans are non-QM products. That means lenders don't follow standard government guidelines — each lender sets its own rules.
Banks rarely do bridge loans. Most of the action is with private lenders and specialty wholesale lenders — not your local credit union.
At SRK CAPITAL, we have access to 200+ wholesale lenders. That reach matters on bridge loans because terms vary wildly from one lender to the next.
Most buyers try to time the sale and purchase simultaneously. In a competitive Loomis market, that strategy costs you deals. Sellers don't want contingent offers.
A bridge loan makes your offer clean. You're not contingent on selling — you close on the new home, list the old one, and repay the bridge when it sells.
Hard money loans are the closest cousin to bridge loans. Both are short-term. But bridge loans typically carry lower rates and lean on your primary residence equity, not just asset value.
Interest-only loans are long-term by design. A bridge loan is purpose-built to be temporary — the whole structure assumes a clean payoff within months.
Loomis has a tight housing inventory. Properties with acreage or horse property move fast and rarely allow buyers time to sell first without losing the deal.
Placer County's rural-suburban mix also means some properties take longer to appraise and close. A bridge loan keeps your timeline in your hands, not the market's.
Most bridge loans run 6 to 12 months. That's enough runway to list, sell, and pay off the loan in most Placer County markets.
Yes. Most lenders don't require an active listing. They care about your equity position and your ability to carry both payments short-term.
Some lenders allow extensions, but they cost money. Have a realistic plan B — whether that's a price reduction or a rental fallback.
Most lenders want at least 30% equity in the departing property. Higher equity usually means better terms on the bridge.
Often, yes. Many bridge loans have interest-only payments during the term. The full principal is repaid when the original property sells.
No. A HELOC is a revolving credit line tied to your home. A bridge loan is a fixed short-term loan designed specifically for the buy-sell gap.