Question 1

How long does a bridge loan last in Carmel?

Accepted Answer

Most bridge loans run 6 to 12 months. That gives you time to sell your current home after closing on the new one.

Question 2

Do I make payments on a bridge loan?

Accepted Answer

Most bridge loans are interest-only. Some lenders defer payments entirely until the loan pays off at sale.

Question 3

What credit score do I need for a bridge loan?

Accepted Answer

Most lenders want 680 or above. Strong equity and reserves can offset a lower score in some cases.

Question 4

Can I use a bridge loan on a luxury Carmel property?

Accepted Answer

Yes. Some wholesale lenders fund bridges into the millions. Lender selection matters a lot at those price points.

Question 5

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

Accepted Answer

Your bridge term ends and you'll need an extension or refinance. Have a realistic sale timeline before you start.

Bridge Loans in Carmel By The Sea