Question 1

How long does a bridge loan last in Campbell?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders allow extensions, but that adds cost — plan to sell your existing home quickly.

Question 2

Do I need to sell my home first to qualify?

Accepted Answer

No. Bridge loans are designed for this gap period. You typically need equity and a clear plan to sell, not a completed sale.

Question 3

What credit score do I need for a bridge loan?

Accepted Answer

Requirements vary by lender since these are non-QM products. Stronger credit improves your terms, but this isn't a one-size-fits-all rule.

Question 4

Can I use a bridge loan to buy an investment property?

Accepted Answer

Yes. Investors use bridge loans in Campbell to move fast on acquisitions. Pairing with an investor loan long-term is a common exit strategy.

Question 5

Are bridge loans more expensive than conventional loans?

Accepted Answer

Yes — expect higher rates and origination fees. Rates vary by borrower profile and market conditions. The cost is the price of speed and flexibility.

Question 6

How much equity do I need in my current Campbell home?

Accepted Answer

Most lenders want at least 20% equity in your departing residence. Higher equity typically means better terms and easier approval.

Bridge Loans in Campbell, CA — Buy Before You Sell