Question 1

How long does a bridge loan last in Newport Beach?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders extend to 24 months if the exit timeline needs more room.

Question 2

Do I need to sell my home before the bridge loan closes?

Accepted Answer

No — that's the point. The bridge loan funds your purchase now. You sell your existing home afterward.

Question 3

What credit score do I need for a bridge loan?

Accepted Answer

Most lenders want 620 or higher, but equity is the real qualifier. Strong equity can offset a lower score.

Question 4

Can I use a bridge loan on a luxury property in Newport Beach?

Accepted Answer

Yes. High-value properties with strong equity are exactly what private bridge lenders prefer to work with.

Question 5

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

Accepted Answer

Talk to your broker before closing about extension options. Many lenders allow extensions — but plan your exit before you start.

Question 6

Are bridge loans considered non-QM in California?

Accepted Answer

Yes. Bridge loans don't follow standard agency guidelines. They're non-QM, originated through private and portfolio lenders.

Bridge Loans in Newport Beach — Move Fast, Don't Miss the Deal