Question 1

How fast can I close with a bridge loan in San Fernando?

Accepted Answer

Most deals close in 7-14 days once appraisal completes. We've funded in 5 days when property values are clear and title is clean.

Question 2

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

Accepted Answer

Some lenders offer extensions for a fee, typically 1-2 points. Others require refinancing into a different product — plan for this before you start.

Question 3

Can I use a bridge loan if I'm buying an investment property?

Accepted Answer

Yes, but expect higher rates and larger down payments. Lenders treat investor deals differently than primary residence transitions.

Question 4

Do I need an appraisal on both properties?

Accepted Answer

Yes, lenders appraise both the property you're buying and the one you're selling. Factor 7-10 days for appraisal completion into your timeline.

Question 5

What if my current property needs repairs before selling?

Accepted Answer

Most bridge lenders advance based on as-is value, not after-repair. Budget separately for fix-up costs before listing your old property.

Bridge Loans in San Fernando: Fast Financing Between Properties