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 situation.

Question 2

Can I use a bridge loan on a rural Hanford property?

Accepted Answer

Yes, but not every lender will touch agricultural or rural parcels. Lender selection matters a lot here.

Question 3

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

Accepted Answer

You'll need a payoff plan. Some lenders allow extensions — negotiate that upfront before you close.

Question 4

Do bridge loans require income verification?

Accepted Answer

Many don't in the traditional sense. Lenders focus on equity and exit strategy more than W-2s.

Question 5

How fast can a bridge loan close?

Accepted Answer

Faster than conventional — often 10 to 15 business days. Some specialty lenders move even quicker.

Question 6

Are bridge loan rates higher than conventional rates?

Accepted Answer

Yes. These are short-term, higher-risk products. Rates vary by borrower profile and market conditions.

Bridge Loans in Hanford, CA — Buy Before You Sell