Question 1

What happens if my Moraga home doesn't sell during the bridge term?

Accepted Answer

Most lenders offer 6-month extensions at higher rates. Some force a sale or refinance into permanent financing. Read extension terms before signing.

Question 2

Can I get a bridge loan if my current home needs repairs?

Accepted Answer

Lenders want your home market-ready. Condition issues mean lower valuations and harder approvals. Fix first or expect steep rate adjustments.

Question 3

How much equity do I need in my Moraga property?

Accepted Answer

Minimum 25%, but 30-35% gives better rates and terms. Lenders advance against that equity while you carry both properties.

Question 4

Do bridge lenders require the home to be listed?

Accepted Answer

Not always, but you'll pay more if it's not. Active listing signals your exit plan and reduces lender risk considerably.

Question 5

What's the real cost of a bridge loan in Moraga?

Accepted Answer

Figure 8-10% interest plus 2 points upfront. Then add your existing mortgage payment. Two months carrying both equals roughly 3-4% of loan value.

Bridge Loans in Moraga: Move Fast Without Selling First