Question 1

How long does a bridge loan last in Blue Lake?

Accepted Answer

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

Question 2

Do I need to sell my home first to qualify?

Accepted Answer

No. That's the point. You qualify based on your current home's equity and the new property's value.

Question 3

Are bridge loan rates higher than a regular mortgage?

Accepted Answer

Yes — bridge loans carry higher rates than conventional mortgages. Rates vary by borrower profile and market conditions.

Question 4

Can I use a bridge loan on a rural Humboldt County property?

Accepted Answer

Yes, but lenders scrutinize rural appraisals carefully. Strong equity in your current home helps offset that risk.

Question 5

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

Accepted Answer

You'll need an extension or a refinance. Plan your exit before you close — not after.

Question 6

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

Accepted Answer

They're similar but not identical. Bridge loans are usually cheaper. Hard money lenders often charge higher fees and rates.

Bridge Loans in Blue Lake, CA — Buy Before You Sell