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Davis is a tight, competitive market. Homes move fast, and waiting to sell first can cost you the deal.
A bridge loan gives you the cash to close on your next home now. You repay it once your current home sells.
6–12 Months
Typical Loan Term
20%+ in Current Home
Equity Required
640+
Min Credit Score
Higher Than Conv.
Rate Type
Non-QM
Loan Category
Bridge Loans in Davis
Lenders focus on your equity, not just your income. You generally need 20%+ equity in your departing home.
Credit scores matter, but this is non-QM territory. Expect stricter terms than a standard conventional loan.
Most big banks don't do bridge loans. This product lives in the private and wholesale lending world.
At SRK CAPITAL, we shop across 200+ wholesale lenders. That gives you real options, not one bank's take-it-or-leave-it offer.
The biggest mistake I see is underestimating carry costs. You may hold two mortgages for several months.
Run the full cost scenario before committing. Bridge loan rates run higher than conventional — rates vary by borrower profile and market conditions.
Hard money loans are similar but often costlier. Bridge loans from wholesale lenders usually offer better terms.
A HELOC can work instead — if your current lender allows it and you have time. Bridge loans close faster when speed matters.
Davis homes near UC Davis often sell quickly. That helps your exit timeline — but you still need to close on the buy side first.
Yolo County's relatively lower inventory means good homes don't wait. A bridge loan keeps you competitive without a sale contingency.
Most bridge loans run 6 to 12 months. Some lenders extend to 24 months if your property hasn't sold.
No — that's the point. You borrow against your current home's equity to buy next without waiting.
Most lenders want 640 or higher. Strong equity can offset a lower score with some wholesale lenders.
Yes. Bridge loans work for investor buys too. Lenders will underwrite based on equity and exit strategy.
Yes, meaningfully so. They're short-term, non-QM products. Rates vary by borrower profile and market conditions.
Talk to your lender before the term expires. Many offer extensions — but fees apply. Plan your exit early.