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Redding moves fast enough that waiting to sell first can cost you the house you want. A bridge loan lets you act now.
Shasta County buyers use bridge loans to avoid contingency offers. Clean offers win here — and sellers know the difference.
6–12 months
Typical Loan Term
Mid-600s
Min Credit Score
20–30% in current home
Equity Required
Non-QM
Loan Type
Higher than conventional
Rate Type
Bridge Loans in Redding
Bridge loans are non-QM — meaning they don't follow standard agency guidelines. Lenders underwrite based on equity and exit strategy, not just income.
You typically need strong equity in your current home. Most lenders want at least 20–30% equity to approve the bridge.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Redding.
Redding moves fast enough that waiting to sell first can cost you the house you want. A bridge loan lets you act now.
Shasta County buyers use bridge loans to avoid contingency offers. Clean offers win here — and sellers know the difference.
Bridge loans are non-QM — meaning they don't follow standard agency guidelines. Lenders underwrite based on equity and exit strategy, not just income.
Big banks rarely do bridge loans. Most are offered by private lenders and specialty wholesale shops — which is exactly where brokers add value.
We work with 200+ wholesale lenders. We know which ones move fast on bridge approvals in Redding and which ones stall.
The biggest mistake I see: buyers underestimate carrying costs. You're paying on two properties until your current home sells.
Build a real exit plan before you sign. Know your sale timeline and have a backup if the home sits longer than expected.
Hard money loans are the closest alternative. They're also short-term and asset-based, but often carry higher rates and fees than bridge loans.
If your timeline is flexible, a HELOC on your current home is cheaper. But HELOCs take longer to set up and don't work once you're in escrow.
Redding's market includes a mix of move-up buyers and retirees downsizing. Both groups run into the same problem — needing to buy before they can sell.
Shasta County's inventory can shift quickly. When good properties appear, buyers who already have financing lined up are the ones who close.
Most bridge loans run 6 to 12 months. Some lenders offer up to 24 months if your exit strategy is solid.
No — that's the point. You use equity in your current home to fund the new purchase while your old home is still on the market.
Most lenders want a mid-600s score minimum. Strong equity can sometimes offset a lower score with the right lender.
Yes. Bridge loans carry higher rates because they're short-term and non-QM. Rates vary by borrower profile and market conditions.
You'll need a backup plan — either extend the loan or refinance into a longer-term product. Discuss this with your broker before closing.
Almost always yes. Banks rarely offer bridge products. Brokers shop private and wholesale lenders who specialize in this type of financing.