Question 1

How long does a bridge loan last in Brea?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders extend to 24 months if your property takes longer to sell.

Question 2

Do I need to sell first to qualify?

Accepted Answer

No. The point of a bridge loan is to buy before you sell. Your current home serves as collateral.

Question 3

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

Accepted Answer

Talk to your lender about extension options before closing. Most have a process — but extensions cost money.

Question 4

Are bridge loan rates higher than conventional rates?

Accepted Answer

Yes. Bridge loans carry higher rates due to short terms and added risk. Rates vary by borrower profile and market conditions.

Question 5

Can I use a bridge loan to buy an investment property in Brea?

Accepted Answer

Yes. Investors use bridge loans frequently in Orange County to close fast on rentals or fix-and-flip deals.

Question 6

How much equity do I need in my current home?

Accepted Answer

Most lenders require at least 20% equity. Higher equity gives you more borrowing power and better terms.

Bridge Loans in Brea, CA — Buy Before You Sell