Question 1

How long does a bridge loan last in Irvine?

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

Can I use a bridge loan for a non-contingent offer?

Accepted Answer

Yes. That's the primary use case. You close on the new home without needing your current sale to fund it.

Question 3

Do I make payments on both loans at once?

Accepted Answer

Many bridge loans are interest-only. Some lenders defer payments entirely until the departing home sells.

Question 4

What credit score do I need for a bridge loan?

Accepted Answer

No hard minimum applies across lenders. Equity position and a clear exit strategy matter more than your score.

Question 5

Are bridge loans available for condos in Irvine?

Accepted Answer

Yes. Condos and single-family homes both qualify. Lender guidelines vary, so terms depend on the specific property.

Question 6

How fast can a bridge loan close in Orange County?

Accepted Answer

Experienced private lenders can close in 5 to 10 business days. That speed is why buyers use them here.

Bridge Loans in Irvine, CA — Buy Before You Sell