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 property hasn't sold.

Question 2

Do I make payments on a bridge loan?

Accepted Answer

Some programs are interest-only monthly. Others defer all payments until the loan pays off at sale.

Question 3

Can I get a bridge loan on a rural Angels Camp property?

Accepted Answer

Yes, but lenders scrutinize rural collateral more closely. Acreage and well/septic status affect approval.

Question 4

What credit score do I need?

Accepted Answer

Requirements vary by lender. Most bridge programs want a 640+ score, but equity drives the decision more.

Question 5

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

Accepted Answer

You'll need to refinance or extend the loan. Plan your exit before you close — not after.

Question 6

Are bridge loan rates higher than conventional rates?

Accepted Answer

Yes. Bridge loans are short-term and non-QM. Rates vary by borrower profile and market conditions.

Bridge Loans in Angels Camp, CA