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Portola is a small Sierra Nevada town in Plumas County. Inventory moves slowly, and timing a simultaneous buy-sell is rarely clean.
A bridge loan buys you time. You close on your next property without waiting for your current home to sell.
6–12 Months
Typical Loan Term
20–30%
Equity Required
Varies by Lender
Min Credit Score
Often Interest-Only
Rate Type
Non-QM
Loan Category
Bridge Loans in Portola
Bridge loans are non-QM products. Lenders care more about your equity position than your pay stubs.
You typically need 20–30% equity in your departing property. Strong credit helps, but asset-based underwriting is common.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Portola.
Portola is a small Sierra Nevada town in Plumas County. Inventory moves slowly, and timing a simultaneous buy-sell is rarely clean.
A bridge loan buys you time. You close on your next property without waiting for your current home to sell.
Bridge loans are non-QM products. Lenders care more about your equity position than your pay stubs.
Big retail banks rarely offer bridge loans. Most of this product lives in the wholesale and private lending space.
At SRK CAPITAL, we work with 200+ wholesale lenders. We find the right bridge program for your equity and timeline.
The biggest mistake I see: borrowers wait too long to apply. Bridge loans take time to structure properly.
Line this up before you make an offer. Knowing your bridge is approved gives you real negotiating confidence.
Hard money loans are faster but carry higher rates. Bridge loans from wholesale lenders often price better for qualified borrowers.
Interest-only loans can lower your monthly payment during the bridge period. That matters when you're carrying two properties.
Rural Plumas County properties can be harder to appraise. Lenders want comparable sales, and they're thin in Portola.
That appraisal gap matters for bridge loans. Your collateral value drives the loan amount — get a realistic number upfront.
Most bridge loans run 6 to 12 months. Some lenders offer up to 24 months for complex situations.
Yes, but lender options narrow in rural markets. Thin comps make appraisals harder, so equity position becomes even more critical.
Yes. Your exit strategy is usually the sale of the departing property. Lenders want to see it listed or in escrow.
Many are. Interest-only payments keep costs down while you're carrying both properties. Confirm terms with your lender.
Requirements vary by lender. Equity matters more than credit here, but scores above 640 open more program options.
Faster than conventional — sometimes 10 to 15 business days. Timeline depends on appraisal and title, not just the lender.