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Folsom moves fast. When the right home hits the market, waiting on your current sale can cost you the deal.
Bridge loans give you buying power now. You close on the new home, then sell your existing property on your timeline.
6–12 Months
Typical Loan Term
620+ (varies)
Min Credit Score
20%+ in current home
Equity Required
Non-QM
Loan Classification
Higher than conventional
Rate Type
Bridge Loans in Folsom
Bridge loans are non-QM products. Lenders underwrite them differently than conventional loans — equity matters more than income ratios.
Most lenders want at least 20% equity in your departing home. Strong credit helps, but the deal structure carries more weight.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Folsom.
Folsom moves fast. When the right home hits the market, waiting on your current sale can cost you the deal.
Bridge loans give you buying power now. You close on the new home, then sell your existing property on your timeline.
Bridge loans are non-QM products. Lenders underwrite them differently than conventional loans — equity matters more than income ratios.
Big retail banks rarely offer bridge loans. This product lives in the wholesale and private lending space.
At SRK CAPITAL, we shop bridge programs across 200+ wholesale lenders. We find the structure that fits your timeline and equity position.
The biggest mistake I see: borrowers wait too long to start the bridge process. Get pre-approved before you find the home.
Bridge loans carry higher rates than conventional. That cost is real — but losing a Folsom home to another buyer costs more.
A bridge loan isn't your only option. HELOC financing, contingent offers, or hard money loans can solve the same problem differently.
Contingent offers get rejected in competitive markets. A bridge loan removes that contingency — that changes your negotiating position entirely.
Folsom sits in Sacramento County, where move-up buyers are common. Many sellers here are also buyers — bridge loans fit that pattern well.
The area's strong resale market means departing homes typically sell. That matters for lenders evaluating your exit strategy.
Most bridge loans run 6 to 12 months. Some lenders offer up to 24 months depending on the deal structure.
No. That's the point. You apply while still owning your current home and use its equity to fund the new purchase.
Requirements vary by lender. Most want 620 or above, but strong equity can offset a lower score with some programs.
Yes. Expect a notable premium over conventional rates. Rates vary by borrower profile and market conditions.
Yes. Bridge loans work for both primary residences and investment properties. Lender terms differ for each scenario.
This is why your exit strategy matters upfront. Some lenders allow extensions — but plan for the sale before you close.