Question 1

How long does a bridge loan last in Mission Viejo?

Accepted Answer

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

Question 2

Can I use a bridge loan on an HOA property?

Accepted Answer

Yes, but some lenders add conditions. Bring your HOA documents early — it avoids delays.

Question 3

Do I make payments on a bridge loan?

Accepted Answer

It depends on the lender. Some require monthly interest payments. Others defer everything to payoff.

Question 4

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

Accepted Answer

You need an exit strategy. Some lenders offer extensions. Others expect a payoff or refinance.

Question 5

How much equity do I need to qualify?

Accepted Answer

Most bridge lenders want at least 30% equity in your departing home. Higher equity means better terms.

Question 6

Is a bridge loan right for a move-up buyer in Mission Viejo?

Accepted Answer

Often yes — especially if you need to act fast without a contingency. Your broker can run the numbers.

Bridge Loans in Mission Viejo, CA