Question 1

How long does a bridge loan last in Shasta Lake?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders extend to 18 months if your exit timeline needs more room.

Question 2

Do I need to sell my current home first?

Accepted Answer

No. That's the point of a bridge loan. You close on the new property first, then sell your existing home.

Question 3

What credit score do I need for a bridge loan?

Accepted Answer

Most lenders want 620 or above. Stronger equity in your current property can offset a lower score with some lenders.

Question 4

Are bridge loans more expensive than conventional loans?

Accepted Answer

Yes. Rates are higher and fees add up. These are short-term tools — the cost is the trade-off for speed and flexibility.

Question 5

Can I use a bridge loan on a rural Shasta County property?

Accepted Answer

Yes, but not every lender will go there. Wholesale lenders with rural experience are the right call for Shasta Lake deals.

Question 6

What happens if my home doesn't sell in time?

Accepted Answer

You may face extension fees or need to refinance into a longer-term product. Plan for a slow sale before you close.

Bridge Loans in Shasta Lake, CA