Loading
Bridge Loans in Sebastopol
Sebastopol sellers face a timing problem. Buyers want your property before you've closed on your next home in wine country.
Bridge loans solve this by fronting 80% of your current home's value. You buy first, sell on your timeline without contingencies.
Most Sebastopol deals involve properties over $800k. Traditional lenders won't touch the overlap period when you own two homes.
You need 30% equity in your current property. Credit scores above 660 work with most bridge lenders we use.
Your existing home must be listed or ready to list within 30 days. Lenders want proof it will sell, not speculation.
Debt-to-income doesn't matter like conventional loans. Bridge lenders focus on your property values and exit strategy instead.
Only 15-20 lenders in our network write true bridge loans. Most advertise it but actually offer HELOCs that don't work for purchases.
Rates run 8-11% right now. You're paying for speed and flexibility, not the lowest rate.
Sebastopol's rural parcels complicate things. Some bridge lenders cap at 5 acres or won't touch properties with vineyards.
We place most local deals with portfolio lenders who understand Sonoma County property values and sale timelines.
The biggest mistake is waiting too long. You need 14 days minimum to close a bridge loan, even when moving fast.
I've seen borrowers lose dream properties because they assumed their listing agent's bridge loan contact could deliver. Most can't.
Interest-only bridge loans beat principal-and-interest every time for short holds. You're selling in months, not years.
Get pre-approved before you find the new property. Sebastopol's tight inventory means good homes sell in days, not weeks.
Hard money loans work when you can't qualify for bridge terms. Same speed, higher rates, shorter windows.
HELOCs seem cheaper until you realize they take 30-45 days to fund. You'll lose the property waiting.
Sale contingencies cost you 5-10% in negotiating power on wine country properties. Sellers pick all-cash or bridge-backed offers.
Construction loans make sense if you're buying land and building. Bridge loans are for move-in ready transitions only.
Sebastopol properties sell slower than Santa Rosa or Healdsburg. Your bridge term needs to account for 60-90 day sale windows.
Appraisers for bridge loans struggle with unique wine country properties. Expect conservative valuations on land over 2 acres.
West County attracts lifestyle buyers who take time deciding. Price your existing home right or your bridge loan becomes expensive.
Some lenders won't touch properties in flood zones near the Laguna de Santa Rosa. Know your property's designation before applying.
Rates run 8-11% plus 1-2 points in fees. On a $600k loan, expect $6-12k upfront and $4-5k monthly interest.
Some lenders exclude working vineyards. We work with agricultural-friendly lenders who understand Sonoma County wine properties.
Most bridge loans allow one 6-month extension. Plan your pricing strategy to sell within the initial term.
Interest-only options exist with interest deferred until sale. Cash flow matters less than equity and exit strategy.
7-10 days minimum with all docs ready. 14 days is safer for wine country properties needing specialized appraisals.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.