Question 1

How long is a typical bridge loan term?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders offer up to 24 months for complex situations.

Question 2

Can I get a bridge loan on a rural Portola property?

Accepted Answer

Yes, but lender options narrow in rural markets. Thin comps make appraisals harder, so equity position becomes even more critical.

Question 3

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

Accepted Answer

Yes. Your exit strategy is usually the sale of the departing property. Lenders want to see it listed or in escrow.

Question 4

Are bridge loans interest-only?

Accepted Answer

Many are. Interest-only payments keep costs down while you're carrying both properties. Confirm terms with your lender.

Question 5

What credit score do I need for a bridge loan?

Accepted Answer

Requirements vary by lender. Equity matters more than credit here, but scores above 640 open more program options.

Question 6

How fast can a bridge loan close?

Accepted Answer

Faster than conventional — sometimes 10 to 15 business days. Timeline depends on appraisal and title, not just the lender.

Bridge Loans in Portola, CA — Buy Before You Sell