Question 1

How long does a bridge loan last in Bishop?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders allow extensions. Build in buffer given Bishop's slower resale pace.

Question 2

What credit score do I need for a bridge loan?

Accepted Answer

Most lenders want at least a 620. But equity and a clear exit plan carry more weight than your score on this product.

Question 3

Can I use a bridge loan to buy land in Inyo County?

Accepted Answer

Some lenders will bridge raw land, but most prefer improved residential properties. Ask us — lender appetite varies significantly.

Question 4

What are typical interest rates on a bridge loan?

Accepted Answer

Rates are higher than conventional products. Rates vary by borrower profile and market conditions — expect a short-term premium.

Question 5

Do I need to sell my current home to pay off the bridge?

Accepted Answer

Yes, that's the most common exit strategy. Some borrowers refinance into a long-term loan instead, depending on the property.

Bridge Loans in Bishop, CA — Buy Before You Sell