Question 1

How long does a bridge loan last?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders extend to 24 months if your sale takes longer than expected.

Question 2

Do I need to sell my home first?

Accepted Answer

No. That's the point. You buy the new property first, then sell your existing home to pay off the bridge loan.

Question 3

What credit score do I need for a bridge loan?

Accepted Answer

Requirements vary by lender. Strong credit helps, but equity in your current home is the bigger factor here.

Question 4

Can I get a bridge loan if I'm not yet listed?

Accepted Answer

Yes. Most lenders just want a credible exit strategy. Being listed helps, but it's not always required to close.

Question 5

Are bridge loan rates higher than regular mortgage rates?

Accepted Answer

Yes. Bridge loans are short-term, non-QM products. Rates run higher than conventional loans. Rates vary by borrower profile and market conditions.

Question 6

How much equity do I need to qualify in Pleasanton?

Accepted Answer

Most lenders want at least 20% combined equity across both properties. Higher equity usually means better terms.

Bridge Loans in Pleasanton, CA — Buy Before You Sell