Question 1

How long does a bridge loan last?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders offer up to 24 months if your exit timeline is longer.

Question 2

Do I need to sell my home first?

Accepted Answer

No — that's the point. You close on the new property first, then sell your existing home within the loan term.

Question 3

Are bridge loan rates higher than conventional?

Accepted Answer

Yes, significantly. These are short-term, non-QM products and priced accordingly. Rates vary by borrower profile and market conditions.

Question 4

Can I get a bridge loan in Laguna Niguel with one lender?

Accepted Answer

Some lenders bundle the bridge and new purchase. Others keep them separate. A broker can find the structure that fits your situation.

Question 5

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

Accepted Answer

That's the real risk. Have a backup plan — a price reduction strategy or a rental fallback — before you close the bridge loan.

Bridge Loans in Laguna Niguel: Buy Before You Sell