Question 1

How long does a bridge loan last in Lincoln?

Accepted Answer

Most bridge loans run 6 to 12 months. That gives you time to sell your current home and pay off the short-term loan.

Question 2

Do I need to sell my home first to qualify?

Accepted Answer

No. That's the point. You qualify based on your equity position, then sell after you've secured the new property.

Question 3

Are bridge loan rates higher than conventional rates?

Accepted Answer

Yes, typically. These are short-term, non-QM products. Rates vary by borrower profile and market conditions.

Question 4

Can I use a bridge loan on a Lincoln new construction home?

Accepted Answer

Yes. Bridge loans work well when you're buying new construction and waiting on your current home to sell.

Question 5

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

Accepted Answer

Talk to your broker before that happens. Extensions are sometimes available, but your exit plan matters from day one.

Question 6

How much equity do I need to qualify for a bridge loan?

Accepted Answer

Most lenders want 20–30% equity in your departing home. Higher equity means better terms and more lender options.

Bridge Loans in Lincoln, CA — Buy Before You Sell