Question 1

How long does a bridge loan last in Los Altos?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders extend to 24 months if the exit strategy is strong.

Question 2

Do I need to sell my home first to qualify?

Accepted Answer

No. The whole point is buying before you sell. Lenders underwrite based on equity in your departing home.

Question 3

What credit score do I need for a bridge loan?

Accepted Answer

There's no hard universal minimum — it's a non-QM product. Most lenders want to see at least a 660 score.

Question 4

Are bridge loan rates higher than conventional rates?

Accepted Answer

Yes. Bridge loans carry higher rates due to short terms and non-QM structure. Rates vary by borrower profile and market conditions.

Question 5

Can I use a bridge loan for an investment property in Los Altos?

Accepted Answer

Yes. Bridge loans work for investment properties. LTV requirements and pricing will differ from a primary home deal.

Question 6

How fast can a bridge loan close?

Accepted Answer

Faster than most loans — often 10 to 15 business days. Speed depends on clean title and complete documentation.

Bridge Loans in Los Altos, CA — Buy Before You Sell