Question 1

How long does a bridge loan last in California?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders offer extensions, but plan your sale timeline conservatively.

Question 2

Do I need to sell my Fullerton home first?

Accepted Answer

No — that's the point. Bridge financing lets you close on a new property while your current home is still on the market.

Question 3

What credit score do I need for a bridge loan?

Accepted Answer

Requirements vary, but most private bridge lenders want at least a 620. Equity and exit strategy carry more weight than score alone.

Question 4

Are bridge loans more expensive than conventional loans?

Accepted Answer

Yes. Rates are higher and terms are shorter. The tradeoff is speed and flexibility when a deal can't wait.

Question 5

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

Accepted Answer

Yes. Bridge loans work for both primary residences and investment properties. Lender terms will differ for each scenario.

Question 6

How much equity do I need to qualify?

Accepted Answer

Most lenders want 20% or more in your departing property. Higher equity usually means better loan terms.

Bridge Loans in Fullerton, CA — Buy Before You Sell