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Santa Rosa moves fast. When the right property hits the market, waiting on your current home to sell can cost you the deal.
Bridge loans fill that gap. You borrow against your existing equity to fund the new purchase — no sale required first.
6–12 Months
Typical Loan Term
~20% of Home Value
Min Equity Required
Non-QM
Loan Classification
Interest-Only Common
Rate Type
As Fast as 2 Weeks
Typical Close Time
Bridge Loans in Santa Rosa
Bridge loans are non-QM products. Lenders care more about your equity position than your debt-to-income ratio.
Most lenders want at least 20% equity in your departing home. Strong credit helps but isn't the only factor.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Santa Rosa.
Santa Rosa moves fast. When the right property hits the market, waiting on your current home to sell can cost you the deal.
Bridge loans fill that gap. You borrow against your existing equity to fund the new purchase — no sale required first.
Bridge loans are non-QM products. Lenders care more about your equity position than your debt-to-income ratio.
Banks rarely offer bridge loans anymore. This is largely a private lender and wholesale market product now.
That's exactly why broker access matters. We shop across 200+ wholesale lenders to find terms that fit your timeline.
The biggest mistake I see: borrowers underestimate the carrying costs. You're paying two loans simultaneously for months.
Model out both payments before you commit. If the numbers get tight, a longer close on the new purchase buys breathing room.
A HELOC (home equity line of credit) is cheaper, but approval takes 30-45 days and requires income documentation.
Bridge loans close faster — sometimes in under two weeks. Speed is what you're paying a premium for.
Sonoma County's market has a wide price range. Bridge loans here often run into jumbo territory — size your deal carefully.
Fire history in parts of Santa Rosa affects property insurability. Lenders will scrutinize insurance before funding any bridge deal.
Most bridge loans run 6 to 12 months. Some lenders allow extensions, but plan your sale timeline to close before the term ends.
Yes — that's the typical scenario. Lenders want to see it listed and priced realistically. An active listing strengthens your file.
Rates are higher than conventional loans and vary by lender, equity, and deal structure. Rates vary by borrower profile and market conditions.
Many bridge loans are interest-only with the principal paid at closing from your sale proceeds. Some lenders defer all payments.
It can. Lenders require active insurance coverage. If your property is in a high-risk zone, secure insurance before applying.
Most lenders require at least 20% equity in your current property. Higher equity means better terms and more lender options.