Question 1

How long does a bridge loan last in Aliso Viejo?

Accepted Answer

Most bridge loans run 6 to 12 months. That's usually enough time to sell your Aliso Viejo home and repay the loan.

Question 2

Do I need to sell my home before I apply?

Accepted Answer

No. The whole point is to buy first. Lenders just want to confirm you have equity and a solid plan to sell.

Question 3

What credit score do I need for a bridge loan?

Accepted Answer

There's no hard floor like conventional loans. Most lenders want 620 or better, but equity weighs more than your score.

Question 4

Can I make interest-only payments on a bridge loan?

Accepted Answer

Yes, most bridge loan programs are structured as interest-only. That keeps your payment low during the transition period.

Question 5

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

Accepted Answer

Talk to your broker before that deadline hits. Many lenders will extend the term or help you refi into a longer product.

Question 6

Are bridge loans available for condos in Aliso Viejo?

Accepted Answer

Yes, but the condo must meet the lender's warrantability standards. Townhomes and detached homes are typically easier to clear.

Bridge Loans in Aliso Viejo — Buy First, Sell Later