Question 1

How long does a bridge loan last in California?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders extend to 24 months if needed.

Question 2

What credit score do I need for a bridge loan?

Accepted Answer

There's no hard cutoff. Lenders focus heavily on equity and your exit plan, not just your score.

Question 3

Can I use a bridge loan in Arroyo Grande for an investment property?

Accepted Answer

Yes. Bridge loans work for primary homes and investment properties. Investor deals are common in this space.

Question 4

Are bridge loan rates higher than conventional rates?

Accepted Answer

Yes, noticeably higher. Rates vary by borrower profile and market conditions. Price it as a short-term cost.

Question 5

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

Accepted Answer

That's your exit strategy risk. Discuss extension options with your lender before you close the bridge loan.

Bridge Loans in Arroyo Grande, CA