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Chester sits in Plumas County, where the Treasure Canyon gold mine project is reshaping the local economy. Bridge loans help buyers move quickly when timing matters most in this shifting market.
The county's median household income of $64,946 supports homes in the $300,000 to $500,000 range. Bridge financing lets you close on your new place before selling the old one.
7-14 days
Typical Close Time
680+
Minimum FICO
20-30%
Down Payment Range
1-2% above conventional
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Bridge Loans in Chester
Bridge loans require 20% to 30% down and a credit score of 680 or higher. Your lender will verify income and review your exit strategy—the plan to repay the bridge with your home sale or permanent mortgage.
Plumas County's median household income of $64,946 means most bridge borrowers here are buying in the $300,000 to $500,000 range. Lenders want to see equity in your current home or strong income to support two payments temporarily.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Chester.
Chester sits in Plumas County, where the Treasure Canyon gold mine project is reshaping the local economy. Bridge loans help buyers move quickly when timing matters most in this shifting market.
The county's median household income of $64,946 supports homes in the $300,000 to $500,000 range. Bridge financing lets you close on your new place before selling the old one.
Bridge loans require 20% to 30% down and a credit score of 680 or higher. Your lender will verify income and review your exit strategy—the plan to repay the bridge with your home sale or permanent mortgage.
Bridge lenders in California focus on speed and equity position, not just credit scores. Most require a clear exit—either a home sale or a permanent loan approval in hand.
Loan terms typically run 6 to 12 months with interest-only payments. Lenders charge 1 to 3 points upfront and rates that run 1 to 2 percent above conventional mortgages.
Bridge loans make sense in Chester when you're buying before you've sold—especially in a slower market where your current home needs time to move. The speed and flexibility justify the higher cost.
If you're selling first or have a permanent loan already approved, a traditional mortgage saves you thousands in points and interest. Bridge financing is a tactical tool, not the default choice.
Bridge loans close in days; conventional mortgages take 30 to 45 days. You pay more in rate and points, but you avoid the risk of losing a home to another buyer.
Conventional loans cost less overall if you're not in a race. Bridge financing buys you certainty and control when timing is tight.
Feather River College's Upward Bound program connects Plumas County students to UC Davis and other universities. That kind of educational investment supports long-term property values for families building roots here.
The new Feather River State Park, just across the county line in Yuba County, brings 2,000 acres of river access and recreation. Buyers in Chester benefit from outdoor amenities that attract families and retirees alike.
Bridge loans typically close in 7 to 14 days. Speed is the main advantage—no appraisal delays or lengthy underwriting.
No. Bridge loans work with or without a home sale. Lenders care about equity in your current place or strong income to cover both payments.
Bridge loans charge 1 to 3 points upfront and rates 1 to 2 percent higher than conventional. You pay for speed and flexibility.
Yes. That's the primary use. You borrow against your current home's equity, close on the new place, then repay when your old home sells.
Most lenders require 680 FICO or higher. Strong income and clear equity position matter more than perfect credit.