Question 1

How long does a bridge loan last in California?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders offer extensions if your home hasn't sold.

Question 2

Do I need to sell my Clovis home first?

Accepted Answer

No — that's the point. You close on the new property first, then sell your existing home to pay off the bridge.

Question 3

What credit score do I need for a bridge loan?

Accepted Answer

Requirements vary by lender. Most private lenders focus on your equity position more than your credit score.

Question 4

Can I use a bridge loan if I have an existing mortgage?

Accepted Answer

Yes. Lenders assess your combined debt load and equity. You may carry both mortgages temporarily during the transition.

Question 5

Are bridge loan rates higher than conventional rates?

Accepted Answer

Yes — bridge loans carry a rate premium over conventional products. Rates vary by borrower profile and market conditions.

Question 6

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

Accepted Answer

Talk to your lender about extension options before closing. Some lenders build in a 3-month extension for a fee.

Bridge Loans in Clovis — Buy Before You Sell