Question 1

How long does a bridge loan last in Los Gatos?

Accepted Answer

Most bridge loans run 6 to 12 months. That gives you time to sell your current home and pay off the bridge.

Question 2

Can I carry two mortgages during a bridge loan?

Accepted Answer

Yes, and lenders expect it. They'll evaluate whether your income or reserves can cover both payments short-term.

Question 3

Do bridge loans require a sale contingency?

Accepted Answer

No. That's the point. You buy without tying the deal to your existing home's sale.

Question 4

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

Accepted Answer

You may face a loan extension — at added cost — or forced sale. Build a realistic sale plan before you borrow.

Question 5

Are bridge loans harder to qualify for than conventional loans?

Accepted Answer

Different, not necessarily harder. Lenders focus on equity and assets. Strong equity can offset weaker income docs.

Question 6

How much can I borrow with a bridge loan in Santa Clara County?

Accepted Answer

Loan amounts depend on your current home's equity and the lender's guidelines. There's no county-set cap for bridge loans.

Bridge Loans in Los Gatos, CA