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Shasta Lake moves at its own pace. When a good property appears, waiting on your current sale can cost you the deal.
Bridge loans give you short-term cash to close fast. You buy now, sell later, without losing the property you want.
6–12 Months
Typical Loan Term
620+
Min Credit Score
20%+ Typical
Equity Required
Non-QM
Loan Category
Higher Than Conv.
Rate Type
Bridge Loans in Shasta Lake
Bridge loans are non-QM products. Lenders focus on your equity and exit strategy, not just your income documents.
You typically need strong equity in your current home. Most lenders want at least 20% equity to approve a bridge loan.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Shasta Lake.
Shasta Lake moves at its own pace. When a good property appears, waiting on your current sale can cost you the deal.
Bridge loans give you short-term cash to close fast. You buy now, sell later, without losing the property you want.
Bridge loans are non-QM products. Lenders focus on your equity and exit strategy, not just your income documents.
Most retail banks won't touch bridge loans. This product lives almost entirely in the wholesale and private lending space.
At SRK CAPITAL, we access 200+ wholesale lenders. That reach matters when you need a niche product like this approved fast.
The biggest mistake borrowers make: no clear exit plan. Lenders want to know exactly how and when you'll repay.
If your Shasta Lake home sits on the market longer than expected, your bridge loan costs compound. Price your exit conservatively.
Hard money loans are close cousins. Both are short-term and asset-based — but hard money often carries higher rates and fees.
A HELOC on your current home is another option. It's cheaper, but approval takes longer and requires enough available credit line.
Shasta Lake properties can sit longer than coastal California markets. Factor that into how long you'll carry the bridge loan.
The region's affordability means loan amounts are generally lower. That can work in your favor — smaller bridge, less risk.
Most bridge loans run 6 to 12 months. Some lenders extend to 18 months if your exit timeline needs more room.
No. That's the point of a bridge loan. You close on the new property first, then sell your existing home.
Most lenders want 620 or above. Stronger equity in your current property can offset a lower score with some lenders.
Yes. Rates are higher and fees add up. These are short-term tools — the cost is the trade-off for speed and flexibility.
Yes, but not every lender will go there. Wholesale lenders with rural experience are the right call for Shasta Lake deals.
You may face extension fees or need to refinance into a longer-term product. Plan for a slow sale before you close.