Question 1

How long does a bridge loan last in Novato?

Accepted Answer

Most bridge loans run 6 to 12 months. That window gives you time to close on your new home and sell your current one.

Question 2

Can I use a bridge loan if I haven't listed my home yet?

Accepted Answer

Yes — you don't need an active listing. Lenders want to see a clear exit plan, not a signed contract.

Question 3

What credit score do I need for a bridge loan?

Accepted Answer

Requirements vary by lender. Generally, 680+ helps, but equity and asset strength carry more weight than credit alone.

Question 4

Are bridge loans interest-only?

Accepted Answer

Most are. Interest-only payments keep your monthly burden down while you're carrying two properties.

Question 5

How fast can a bridge loan close in Marin County?

Accepted Answer

Faster than conventional — sometimes in 10 to 15 business days. Speed depends on your documentation and lender.

Question 6

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

Accepted Answer

Talk to your broker before this happens. Some lenders allow short extensions — but plan your exit strategy from day one.

Bridge Loans in Novato: Buy First, Sell Later