Question 1

How long does a bridge loan last in Oakland?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders allow extensions if your property hasn't sold.

Question 2

What credit score do I need for a bridge loan?

Accepted Answer

Most lenders want 650 or higher. Equity position often matters more than credit on private bridge products.

Question 3

Can I use a bridge loan to buy in Oakland while I sell in another city?

Accepted Answer

Yes. Lenders care about the equity in your departing property, not where it's located.

Question 4

Do I need to qualify on both payments at once?

Accepted Answer

Some lenders require it, others don't. It depends on the lender's guidelines and your overall debt picture.

Question 5

What happens if my Oakland property doesn't sell in time?

Accepted Answer

You'll need to refinance or extend. Have a backup plan before you close on the bridge.

Question 6

Are bridge loans available for investment properties in Oakland?

Accepted Answer

Yes. Private lenders will bridge investment properties. Rates and equity requirements may be stricter.

Bridge Loans in Oakland: Buy Before You Sell