Question 1

How quickly can I get bridge loan funding in Calistoga?

Accepted Answer

Most bridge lenders fund within 5-10 business days after receiving a complete application. Properties with complex title issues or unique features may take 2-3 weeks.

Question 2

What happens if my Calistoga property doesn't sell before the bridge loan matures?

Accepted Answer

Most lenders offer extension options for additional fees. You can also refinance into conventional financing or explore alternative exit strategies with your lender.

Question 3

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

Accepted Answer

Yes, though some lenders require you to list within 30-60 days of closing. Your exit strategy documentation should show realistic timeline and pricing plans.

Question 4

Do bridge loans work for vacation properties in Calistoga?

Accepted Answer

Bridge loans can finance second home purchases, though qualification requirements may be stricter. Your primary residence typically needs to be the property you're selling.

Question 5

What fees should I expect with a Calistoga bridge loan?

Accepted Answer

Typical costs include origination fees of 1-3%, appraisal fees, title insurance, and potential prepayment penalties. Total closing costs usually run 3-5% of the loan amount.

Bridge Loans in Calistoga: Fast Financing for Napa Valley Property Transitions