Question 1

What happens if my home doesn't sell during the bridge loan term?

Accepted Answer

Most lenders offer 6-month extensions for a fee. If you can't extend, you'll need to refinance or bring cash to pay off the bridge loan.

Question 2

Can I get a bridge loan with a pending sale on my current home?

Accepted Answer

Yes, a ratified purchase contract strengthens your application. Lenders view pending sales as lower risk than properties just hitting the market.

Question 3

Do I make payments on both mortgages during the bridge period?

Accepted Answer

Depends on the lender structure. Some roll all payments into the bridge loan payoff. Others require monthly interest payments during the term.

Question 4

How fast can bridge loans close in Los Angeles?

Accepted Answer

Fastest closings run 7-10 days with all documentation ready. Most deals close in 2-3 weeks, still faster than conventional financing.

Question 5

What's the maximum bridge loan amount in LA's high-price market?

Accepted Answer

Most lenders cap at 80% LTV on your combined property values. The actual limit depends on your equity and the lender's portfolio requirements.

Bridge Loans in Los Angeles — Buy Before You Sell Without Contingencies