Question 1

How long does a bridge loan last in California?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders extend to 24 months depending on your exit strategy and equity.

Question 2

Do I need to sell my home before I apply?

Accepted Answer

No. The whole point is to buy before you sell. Lenders just need proof your current home has sufficient equity.

Question 3

What interest rates do bridge loans carry?

Accepted Answer

Rates run higher than conventional loans. Rates vary by borrower profile and market conditions — your equity and credit drive the number.

Question 4

Can I get a bridge loan with average credit?

Accepted Answer

Possibly. Bridge lenders focus on equity first. A strong equity position can offset a lower credit score with the right lender.

Question 5

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

Accepted Answer

You'll need to refinance or extend the loan. Plan a realistic sale timeline upfront — this is the risk every bridge borrower takes.

Question 6

Is a bridge loan the same as a hard money loan?

Accepted Answer

They're similar but not identical. Bridge loans typically have better terms. Hard money is faster but usually costs more.

Bridge Loans in Crescent City, CA