Question 1

What happens if my San Joaquin property doesn't sell during the bridge period?

Accepted Answer

Most lenders offer extensions at higher rates or require payoff from reserves. Some convert to longer-term loans with rate adjustments.

Question 2

Can I use a bridge loan on investment property in San Joaquin?

Accepted Answer

Yes, but expect higher rates and larger down payments. Lenders want 35-40% equity and clear rental income on the new property.

Question 3

How fast can a bridge loan close in Fresno County?

Accepted Answer

15-21 days with experienced private lenders. Rural appraisals add 5-7 days versus metro properties.

Question 4

Do bridge loans require appraisals on both properties?

Accepted Answer

Yes, lenders appraise both the current property and the new purchase. Budget $500-800 per appraisal in Central Valley markets.

Question 5

What credit score do I need for a bridge loan?

Accepted Answer

620 minimum for most lenders, 680+ for competitive rates. High equity can offset lower credit in some cases.

Bridge Loans in San Joaquin: Fast Financing Between Properties