Question 1

How long does a bridge loan last in Lake Forest?

Accepted Answer

Most bridge loans run 6 to 12 months. That window covers your purchase while your existing home is listed and sold.

Question 2

Do I need to sell my home first to qualify?

Accepted Answer

No — that's the point. You buy first, then repay the bridge loan when your departure home closes.

Question 3

What credit score do I need for a bridge loan?

Accepted Answer

Requirements vary by lender. Bridge loans are non-QM, so equity and exit strategy often matter more than credit score.

Question 4

Are bridge loan payments interest-only?

Accepted Answer

Often yes. Many bridge loans carry interest-only payments for the term. That keeps monthly costs lower during the transition.

Question 5

Can I use a bridge loan on an investment property in Lake Forest?

Accepted Answer

Yes. Investors use bridge loans frequently. The lender will want a clear repayment plan tied to a sale or refinance.

Question 6

How fast can a bridge loan close in Orange County?

Accepted Answer

Faster than conventional loans — sometimes in under two weeks. Speed depends on the lender and how quickly docs come in.

Bridge Loans in Lake Forest, CA — Buy Before You Sell