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Scotts Valley sits between Santa Cruz and Silicon Valley. Homes move fast here, and sellers rarely wait.
Bridge loans let you make a clean offer on your next home before selling your current one. No contingencies means a stronger bid.
6–12 months
Typical Loan Term
640+
Min Credit Score
20%+ in departing home
Equity Required
Interest-only
Payment Structure
Non-QM / Portfolio
Loan Classification
Bridge Loans in Scotts Valley
Bridge loans are asset-based. Lenders look at your equity, not just your income. Strong equity in your current home is the key qualifier.
Most lenders want at least 20% equity in your departing property. Credit requirements vary, but 640+ puts you in a workable range.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Scotts Valley.
Scotts Valley sits between Santa Cruz and Silicon Valley. Homes move fast here, and sellers rarely wait.
Bridge loans let you make a clean offer on your next home before selling your current one. No contingencies means a stronger bid.
Bridge loans are asset-based. Lenders look at your equity, not just your income. Strong equity in your current home is the key qualifier.
Big banks rarely offer bridge loans. This is portfolio lender territory — smaller shops and private capital with flexible underwriting.
At SRK CAPITAL, we shop bridge programs across 200+ wholesale lenders. That matters when terms vary this widely.
The biggest mistake I see: waiting too long to start. Bridge loan approvals take time. Start before you find the house.
Also know your exit. Lenders want a clear payoff plan — usually the sale of your departing home. Have that timeline ready.
A HELOC (home equity line of credit) is cheaper but slower to set up. If you need to move in 30 days, a bridge loan wins.
Hard money loans are another option — faster, but pricier. Bridge loans from portfolio lenders usually land in the middle on cost and speed.
Scotts Valley homeowners often carry significant equity after years of appreciation in Santa Cruz County. That equity is your leverage here.
The commuter draw from Silicon Valley keeps demand steady. That helps your departing home sell — which is exactly what your lender needs to see.
Most bridge loans run 6 to 12 months. That's enough time to sell your current home and pay off the loan.
Most bridge loans are interest-only. Payments are lower, and you pay off the principal when your home sells.
Yes. Lenders just want confidence you can sell. Strong equity and a realistic plan are what matter most.
A HELOC takes longer to set up and requires your home to be paid down. A bridge loan closes faster and uses equity more directly.
You'll need to refinance or extend the loan. Talk to your broker about extension options before you close.
Yes. Bridge loans work for investment properties too. Underwriting terms may differ from owner-occupied deals.