Question 1

How long does a bridge loan last in Chico?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders extend to 24 months if your departing property needs time to sell.

Question 2

Do I need to sell my current home first?

Accepted Answer

No — that's the point. The bridge loan covers your new purchase while your existing home is still on the market.

Question 3

What credit score do I need for a bridge loan?

Accepted Answer

Requirements vary by lender. Equity position and exit strategy typically carry more weight than credit score alone.

Question 4

Are bridge loans harder to get in Butte County?

Accepted Answer

Not harder, but fire-affected properties may need extra documentation. Your broker should flag this early in the process.

Question 5

What happens if my Chico home doesn't sell in time?

Accepted Answer

You'll need to refinance or extend the bridge loan. Plan your list price and timeline before you close — not after.

Question 6

How is a bridge loan different from hard money?

Accepted Answer

Bridge loans often have lower rates and are structured for owner-occupants. Hard money skews toward investors and closes faster.

Bridge Loans in Chico, CA — Buy Before You Sell