Question 1

What happens if my Foster City home doesn't sell during the bridge period?

Accepted Answer

Most bridge loans include 6-month extensions at slightly higher rates. We build extension options into initial terms to avoid forced sales at below-market prices.

Question 2

Can I use a bridge loan if my current home needs repairs before selling?

Accepted Answer

Yes, if you have sufficient equity. Some lenders even include rehab funds in the bridge amount to maximize your sale price after repairs.

Question 3

Do I need to list my house before closing the bridge loan?

Accepted Answer

Not with most lenders we use. You can close on your new Foster City home first, then list strategically rather than selling under deadline pressure.

Question 4

How do rates compare to regular mortgages?

Accepted Answer

Bridge loans run 2-4 points higher than conventional rates. You're paying for timing flexibility and the ability to compete without contingencies.

Question 5

Can cryptocurrency holdings help me qualify for a bridge loan?

Accepted Answer

Some non-QM lenders now count verified digital assets toward collateral requirements. This works best when combined with traditional real estate equity.

Bridge Loans in Foster City: Move Fast Without Selling First