Question 1

How long does a bridge loan last in California?

Accepted Answer

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

Question 2

Can I get a bridge loan if my credit isn't perfect?

Accepted Answer

Possibly. Bridge lenders focus more on equity than credit score. A strong LTV position can offset a lower score.

Question 3

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

Accepted Answer

You risk defaulting on the bridge if you can't repay it. Have a backup plan — a price reduction strategy or refinance option.

Question 4

Are bridge loans available for rural Mendocino County properties?

Accepted Answer

Yes, but lender options narrow significantly. Not every non-QM lender will underwrite rural coastal California.

Question 5

How is the bridge loan repaid?

Accepted Answer

Typically from proceeds when your existing property sells. Some lenders also allow a refinance as the exit.

Question 6

Do I need an appraisal on both properties?

Accepted Answer

Most lenders require appraisals on both the departing property and the new one. Budget time and cost for both.

Bridge Loans in Point Arena, CA — Move Fast on Mendocino Coast Property