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 your situation warrants it.

Question 2

Do I need to sell my home before applying?

Accepted Answer

No. You apply while still owning your current home. Lenders just want to see your equity and a credible exit plan.

Question 3

What credit score do I need for a bridge loan?

Accepted Answer

Most lenders want 620 or higher, but equity matters more. A strong collateral position can offset credit imperfections.

Question 4

Can I use a bridge loan in Lompoc to buy before listing?

Accepted Answer

Yes. That's the primary use case. You buy first, then list your current home without rushed pressure to accept low offers.

Question 5

Are bridge loan payments interest-only?

Accepted Answer

Usually yes. Most bridge loans are structured as interest-only to keep monthly costs low during the transition period.

Question 6

How fast can a bridge loan close in Santa Barbara County?

Accepted Answer

Faster than a conventional loan — often 10 to 15 business days. Speed depends on how clean your equity documentation is.

Bridge Loans in Lompoc, CA — Buy Before You Sell