Question 1

How long does a bridge loan last in California?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders extend to 24 months if you need more time to sell.

Question 2

What credit score do I need for a bridge loan?

Accepted Answer

Requirements vary by lender, but most want at least a 620. Strong equity can offset a lower score. Rates vary by borrower profile and market conditions.

Question 3

Can I use a bridge loan in Seaside for an investment property?

Accepted Answer

Yes. Bridge loans work for both primary residences and investment properties. Lender terms may differ between the two.

Question 4

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

Accepted Answer

Some lenders allow extensions — often for a fee. Have this conversation before you close. Know your options if the sale drags.

Question 5

Are bridge loan rates higher than conventional rates?

Accepted Answer

Yes. Bridge loans carry higher rates than conventional mortgages. They're designed for short-term use, not long-term holding. Rates vary by borrower profile and market conditions.

Question 6

How fast can a bridge loan close in Monterey County?

Accepted Answer

Many bridge loans close in 10 to 15 business days. Speed depends on the lender and how quickly you provide documentation.

Bridge Loans in Seaside, CA — Buy Before You Sell