Question 1

How long does a bridge loan last in El Cajon?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders offer up to 24 months depending on the deal.

Question 2

Do I need to sell my home first to qualify?

Accepted Answer

No. That's the point of a bridge loan. You use your current home's equity to fund the new purchase before you sell.

Question 3

What credit score do I need for a bridge loan?

Accepted Answer

Requirements vary by lender. Most want a 620 or higher, but equity and exit strategy weigh more than the score.

Question 4

Are bridge loans available for investment properties in El Cajon?

Accepted Answer

Yes. Bridge loans work for both owner-occupied homes and investment properties. Lender terms differ by property type.

Question 5

What are the typical costs of a bridge loan?

Accepted Answer

Expect higher rates than conventional loans, plus origination fees. Rates vary by borrower profile and market conditions.

Question 6

How fast can a bridge loan close in San Diego County?

Accepted Answer

Many bridge loans close in 10 to 15 business days. Speed depends on the lender and how clean your file is.

Bridge Loans in El Cajon — Buy First, Sell Later