Question 1

How long does a bridge loan last in Marina?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders extend to 24 months if your exit strategy supports it.

Question 2

Do I need to sell my home first to qualify?

Accepted Answer

No. The whole point is buying before you sell. Lenders just want proof your current home will sell at a workable price.

Question 3

What credit score do I need for a bridge loan?

Accepted Answer

Requirements vary by lender. Most want 650 or higher, but equity position often carries more weight than credit score.

Question 4

Can I use a bridge loan to buy in Marina while selling elsewhere?

Accepted Answer

Yes. The departing property doesn't need to be in Monterey County. Lenders look at equity, not location of the sold home.

Question 5

Are bridge loan rates higher than conventional rates?

Accepted Answer

Yes, they're short-term private products. Rates vary by borrower profile and market conditions — expect a premium over conventional.

Question 6

How fast can a bridge loan close in California?

Accepted Answer

Many bridge loans close in 10–15 business days. That speed is the main reason buyers use them in competitive markets.

Bridge Loans in Marina, CA — Buy Before You Sell