Question 1

How long does a bridge loan last in Laguna Woods?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders offer extensions if your existing home hasn't sold.

Question 2

Do I need to sell my home before applying?

Accepted Answer

No — that's the point. You apply while still owning your current home and repay once it sells.

Question 3

What credit score do I need for a bridge loan?

Accepted Answer

Requirements vary by lender. Many focus more on equity and exit strategy than credit score alone.

Question 4

Can I use a bridge loan on a Laguna Woods Village property?

Accepted Answer

Yes, but lenders will review HOA documents and age-restriction rules. Budget extra time for that review.

Question 5

How does a bridge loan affect my debt-to-income ratio?

Accepted Answer

Bridge loans are non-QM, so DTI isn't always the deciding factor. Equity and exit strategy carry more weight.

Question 6

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

Accepted Answer

Some lenders offer extensions. Discuss your contingency plan upfront — before you need it.

Bridge Loans in Laguna Woods, CA