Question 1

How long does a bridge loan last in Los Alamitos?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders offer extensions, but carry costs make shorter timelines smarter.

Question 2

Do I need to sell my home first to qualify?

Accepted Answer

No — that's the point. You qualify based on equity in your current home. The sale happens after you close on the new property.

Question 3

What credit score do bridge loan lenders require?

Accepted Answer

Most wholesale lenders want 650 or higher. Stronger credit means better rates. Rates vary by borrower profile and market conditions.

Question 4

Can I use a bridge loan for an investment property?

Accepted Answer

Yes. Bridge loans work for both primary residences and investment properties. Investor deals may face stricter equity requirements.

Question 5

How fast can a bridge loan close?

Accepted Answer

Many bridge loans close in 10 to 15 days. That speed is the main reason buyers use them in competitive markets.

Question 6

How is a bridge loan different from hard money?

Accepted Answer

Both are short-term, but bridge loans from wholesale lenders typically carry lower rates. Hard money is faster but costs more.

Bridge Loans in Los Alamitos — Buy Before You Sell