Question 1

How long does a bridge loan last in Merced?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders extend to 24 months if your sale takes longer than expected.

Question 2

What credit score do I need for a bridge loan?

Accepted Answer

There's no fixed minimum. Lenders focus heavily on equity and exit strategy. Strong equity can offset a lower score.

Question 3

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

Accepted Answer

Some lenders allow it, but having an active listing improves your terms. An unlisted property raises exit strategy risk.

Question 4

Are bridge loan rates higher than conventional rates?

Accepted Answer

Yes. Bridge loans carry higher rates due to short terms and non-QM status. Rates vary by borrower profile and market conditions.

Question 5

Do I have to make monthly payments on a bridge loan?

Accepted Answer

Some bridge loans are interest-only with monthly payments. Others defer all payments until the loan is repaid at closing.

Question 6

How much equity do I need to qualify in Merced?

Accepted Answer

Most lenders require 20–30% equity in your departing property. The more equity you have, the stronger your position.

Bridge Loans in Merced, CA — Buy Before You Sell