Residential Bridge Loans in Oregon
Residential Bridge Loan in Oregon
Building in Oregon starts with securing the right loan. Normandy’s residential bridge loan program is available to borrowers across Oregon — from Portland Metro to smaller residential markets throughout the state.
Oregon’s competitive Portland and Bend markets make bridge financing a practical solution for homeowners who need to close on a new property before completing the sale of their current home.
Loan amounts from $95,000 to $5,000,000. Up to 80% LTV; 75% LTV for loans over $1M. 12-month term. Interest-only payments. Foreign nationals are eligible. Full and limited income documentation available. 1–4 family owner and non-owner properties eligible.
Call 800-390-7536 or visit https://normandy.com/residential-bridge-loans/ to pre-qualify. All Normandy loan programs: https://normandy.com/.
General Guidelines*
- Loan amounts from $95,000 to $5,000,000
- Loan to value up to 80% of appraised value. Loan amounts over $1M will max out at 75% loan to value.
- Allows you to sell your home on your time schedule
- Deal directly with the Loan Officer/Underwriter
- Fast pre-qualification, typically within 3 – 5 business days, closing typically within 30 days (fast track closings in 14 +/- days available if certain criteria is met)
- Loans are available to Borrowers with excellent to less than perfect credit (subject to underwriting)
- Full income documentation or limited income documentation available
- Foreign Nationals are eligible for this program
- 1 to 4 family owner and non-owner properties are eligible (other property types may be considered on an exception basis)
- 12 month term
- Interest only payments
*All rates and terms subject to change without notice
Oregon Construction Market & Regulatory Overview
Oregon’s construction market is driven by sustained demand in the Portland metro, rapid growth in Bend and Central Oregon, and ongoing interest in Willamette Valley and coastal custom residential builds.
Building Code: Oregon Residential Specialty Code (ORSC), administered by the Oregon Building Codes Division (BCD).
Permitting: Permits are issued by local municipalities or directly through the state BCD for jurisdictions without local authority. The ORSC governs all residential construction statewide.
Key construction considerations in Oregon include heavy rainfall and moisture management requirements in Western Oregon, statewide seismic hazard, and wildfire risk in Eastern Oregon and communities near the Cascades. Normandy’s underwriting team works directly with borrowers — you deal with the loan officer and underwriter, not a call center.
Contractor Licensing in Oregon
Oregon requires all general contractors to be licensed through the Construction Contractors Board (CCB). License verification is mandatory before any permitted work begins.
Owner-Builder Note: Oregon allows owner-builders to construct a primary residence without a CCB license, but requires 12 months of personal occupancy following completion and limits new owner-built homes to one per year.
Loans Available in the Following States
Owner Occupied
Loans available for owner occupied properties in the following states:
Non-Owner Occupied
Loans available for non-owner occupied properties only:
- Alaska (AK)
- Alabama (AL)
- Arkansas (AR)
- California (CA)
- Colorado (CO)
- Connecticut (CT)
- Delaware (DE)
- Florida (FL)
- Georgia (GA)
- Hawaii (HI)
- Iowa (IA)
- Idaho (ID)
- Indiana (IN)
- Kansas (KS)
- Kentucky (KY)
- Massachusetts (MA)
- Maryland (MD)
- Maine (ME)
- Michigan (MI)
- Missouri (MO)
- Mississippi (MS)
- Montana (MT)
- North Carolina (NC)
- Nebraska (NE)
- New Jersey (NJ)
- New Mexico (NM)
- New York (NY)
- Ohio (OH)
- Oklahoma (OK)
- Oregon (OR)
- Pennsylvania (PA)
- Rhode Island (RI)
- South Carolina (SC)
- South Dakota (SD)
Frequently Asked Questions — Residential Bridge Loan in Oregon
Q: What is a residential bridge loan in Oregon?
A: A residential bridge loan in Oregon uses equity in your current home to fund the purchase or construction of a new one. Loan amounts from $95,000 to $5,000,000. 12-month term with interest-only payments. You set the sale timeline for your existing property.
Q: How does a bridge mortgage loan work in Oregon?
A: A bridge mortgage loan in Oregon through Normandy is secured by your current property. LTV up to 80% of appraised value (75% for loans over $1M). Pre-qualification is typically 3 to 5 business days. Interest-only payments during the 12-month term.
Q: What bridge financing is available in Oregon?
A: Normandy’s bridge financing in Oregon covers 1–4 family owner-occupied and non-owner occupied properties. The loan can fund a new purchase or new construction. Amounts from $95,000 to $5,000,000. Foreign nationals are eligible.
Q: What is a short term property loan in Oregon?
A: A short term property loan in Oregon through Normandy’s bridge program is a 12-month interest-only loan secured by residential equity. It provides liquidity during a property transition without requiring you to sell first. Full and limited documentation available.
Q: What is a residential transition loan in Oregon?
A: A residential transition loan in Oregon bridges the gap between purchasing a new home and selling the current one. LTV up to 80% of appraised value (75% for loans over $1M). The 12-month term gives you time to close the sale without being rushed.