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Woodland moves fast. When a good property hits the market, waiting to sell first can cost you the deal.
Bridge loans give you short-term cash to close on the new property. You repay it once your current home sells.
6–12 Months
Typical Loan Term
620+
Min Credit Score
20–30% of Current Home
Equity Required
Interest-Only
Payment Structure
Non-QM / Flexible
Income Doc Type
Bridge Loans in Woodland
Bridge loans are non-QM products. Lenders focus on your equity and exit strategy, not just your income.
Most lenders want at least 20–30% equity in your current property. Strong credit still helps you get better terms.
Local decision guide
Use this guide to connect bridge loans eligibility, lender expectations, and local market factors before comparing payment options in Woodland.
Woodland moves fast. When a good property hits the market, waiting to sell first can cost you the deal.
Bridge loans give you short-term cash to close on the new property. You repay it once your current home sells.
Bridge loans are non-QM products. Lenders focus on your equity and exit strategy, not just your income.
Big retail banks rarely offer bridge loans anymore. This product lives in the wholesale and private lending space.
At SRK CAPITAL, we work with 200+ wholesale lenders. That means real options, not a single take-it-or-leave-it offer.
The biggest mistake I see — borrowers underestimate carrying costs. You may hold two properties for months.
Model out your worst case. What if your Woodland home sits on market 90 days? Plan for that before you close.
Hard money loans are the closest alternative. They're faster but typically cost more in points and fees.
A HELOC can work if you have time to set one up before listing. Bridge loans close faster when timing is tight.
Woodland is a real market with real move-up buyers. People upgrading from starter homes need exactly this product.
Yolo County has a mix of longtime owners with strong equity. That equity is the fuel that makes bridge loans work.
Most bridge loans run 6 to 12 months. Some lenders extend to 24 months if your exit timeline needs more runway.
No. That's the point. You close on the new property first, then sell your existing home to repay the bridge.
Most lenders want a 620 minimum, but 680+ gets you meaningfully better rates. Rates vary by borrower profile and market conditions.
Typically yes. Interest-only payments keep your monthly cost lower during the transition period.
Some lenders allow extensions for a fee. You need this conversation before closing, not after.
Yes. Bridge loans work on both primary residences and investment properties. Terms differ between the two.