Question 1

How long does a bridge loan last in Chowchilla?

Accepted Answer

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

Question 2

Do I make monthly payments on a bridge loan?

Accepted Answer

Many bridge loans are interest-only. Some defer payments entirely until the loan is paid off at sale.

Question 3

Can I get a bridge loan on a rural Madera County property?

Accepted Answer

Yes, but not every lender will approve rural or ag-zoned properties. We pre-screen lenders for your property type.

Question 4

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

Accepted Answer

You'll need to refinance or pay off the bridge loan another way. Have a backup plan before you close.

Question 5

How is a bridge loan different from a hard money loan?

Accepted Answer

Bridge loans typically carry lower rates and suit owner-occupied moves. Hard money is faster but more expensive.

Question 6

What credit score do I need for a bridge loan?

Accepted Answer

Most lenders want 650 or higher. Equity in your current home carries more weight than credit score alone.

Bridge Loans in Chowchilla, CA — Buy Before You Sell