Question 1

How long does a bridge loan last in Gridley?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders extend to 18 months if your property needs more time to sell.

Question 2

Do I need to sell my home first to qualify?

Accepted Answer

No — that's the point. The bridge loan funds your purchase now. Your current home sale pays it off.

Question 3

What credit score do I need for a bridge loan?

Accepted Answer

Most private lenders want 650 or higher. Equity and exit strategy often matter more than your score alone.

Question 4

Can I get a bridge loan on a rural property in Butte County?

Accepted Answer

Yes, but lender options narrow for rural or ag-zoned parcels. Not every non-QM lender will touch Butte County. We know who does.

Question 5

Are bridge loan rates higher than conventional rates?

Accepted Answer

Yes, significantly. They're short-term private loans. Rates vary by borrower profile and market conditions.

Question 6

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

Accepted Answer

You'd need to refinance into a longer-term product or get a loan extension. Plan your exit before you close.

Bridge Loans in Gridley, CA — Buy Before You Sell