Question 1

How long is a typical bridge loan term in Los Banos?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders extend to 24 months for complex situations.

Question 2

Do I need to sell my home before applying?

Accepted Answer

No. The whole point is to buy first. Your existing home just needs enough equity to secure the loan.

Question 3

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

Accepted Answer

You'll need to refinance or extend the bridge. That's why lenders scrutinize your exit strategy upfront.

Question 4

Are bridge loans available for rural properties in Merced County?

Accepted Answer

Yes, but lender options narrow for rural or agricultural land. We shop across lenders to find programs that fit.

Question 5

How is a bridge loan different from a HELOC?

Accepted Answer

A HELOC is a credit line on your current home. A bridge loan is a short-term purchase loan funded by your equity.

Question 6

Can self-employed borrowers qualify for a bridge loan in Los Banos?

Accepted Answer

Yes. Bridge loans are Non-QM, so full tax return income isn't required. Equity and exit plan drive approval.

Bridge Loans in Los Banos, CA — Buy Before You Sell