Question 1

How long does a bridge loan last in Laguna Beach?

Accepted Answer

Most bridge loans run 6 to 12 months. That's enough time to sell your current home and pay off the bridge.

Question 2

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

Accepted Answer

Some lenders offer extensions — but plan your exit strategy upfront. Don't rely on an extension as your backup plan.

Question 3

Can I use a bridge loan for a vacation property?

Accepted Answer

Yes. Laguna Beach vacation and investment properties are eligible. Lender terms vary by occupancy type.

Question 4

Are bridge loan rates higher than conventional rates?

Accepted Answer

Yes. Bridge loans carry higher rates because they're short-term and non-QM. Rates vary by borrower profile and market conditions.

Question 5

How much equity do I need to qualify?

Accepted Answer

Most lenders require at least 20% equity in your current home. Higher equity gives you more borrowing room.

Question 6

How fast can a bridge loan close?

Accepted Answer

Experienced non-QM lenders can close in 10 to 15 business days. Preparation and clean documentation speed things up.

Bridge Loans in Laguna Beach — Move Fast, Buy First