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Cloverdale sits at the northern end of Sonoma County wine country. Properties here move, and waiting to sell first can cost you the deal.
Bridge loans are short-term financing — typically 6 to 12 months. They let you tap equity in your current home to close on the next one.
6 – 12 Months
Typical Loan Term
680+
Min Credit Score
20%+ in Current Home
Equity Required
Interest-Only
Payment Structure
Non-QM
Loan Category
Bridge Loans in Cloverdale
Bridge loans are non-QM products. That means lenders use asset-based underwriting, not just your W-2 income and debt-to-income ratio.
Most lenders want at least 20% equity in your departing home. Strong credit — 680 or higher — helps you get better terms. Rates vary by borrower profile and market conditions.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Cloverdale.
Cloverdale sits at the northern end of Sonoma County wine country. Properties here move, and waiting to sell first can cost you the deal.
Bridge loans are short-term financing — typically 6 to 12 months. They let you tap equity in your current home to close on the next one.
Bridge loans are non-QM products. That means lenders use asset-based underwriting, not just your W-2 income and debt-to-income ratio.
Big banks rarely do bridge loans. This is wholesale and private lender territory — which is exactly where SRK CAPITAL operates.
We work with 200+ wholesale lenders. Several specialize in short-term bridge products for Northern California markets like Sonoma County.
The biggest mistake I see: borrowers wait too long to start the bridge process. This loan takes time to underwrite — start before you make an offer.
Exit strategy matters more than anything else on a bridge loan. Your lender will ask how you plan to pay it off. Have a clear answer: sale date, list price, timeline.
Hard money loans and bridge loans overlap but aren't the same. Hard money is faster and looser on credit. Bridge loans typically offer lower rates and cleaner terms.
Home equity lines of credit are another option — but they require your current home to already be paid down. And banks can freeze them if the market shifts.
Cloverdale is Sonoma County's northernmost city. Buyers here often own rural or semi-rural properties — appraisals can be tricky, and lender appetite varies.
Wine country real estate has seasonal demand patterns. A bridge loan timed to spring listing season can mean a faster sale and shorter carry period.
Most bridge loans run 6 to 12 months. Some lenders offer extensions, but expect a fee and a tighter rate if you need more time.
No — that's the point. You close on the new property first, then sell your existing home to pay off the bridge.
Your lender will want a clear exit plan upfront. If the home doesn't sell, you may need to refinance into a longer-term product.
Most are. You pay only interest during the loan term, which keeps monthly payments manageable while you're carrying two properties.
Yes. Bridge loans work for both primary residences and investment properties. Investor deals may require higher equity and stronger credit.
Faster than a conventional loan — often 10 to 15 business days with the right lender. Having your docs ready upfront makes the biggest difference.