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 property hasn't sold.

Question 2

Do I need to sell my home before closing a bridge loan?

Accepted Answer

No. That's the point. You close on the new property first, then sell your existing home.

Question 3

What credit score do I need for a bridge loan?

Accepted Answer

Most bridge lenders want 680 or higher. Strong equity can sometimes offset a lower 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 to buy in Monte Sereno without a contingency?

Accepted Answer

Yes. That's a primary use case here. Bridge financing gives you the liquidity to make a clean offer.

Question 6

What happens if my home doesn't sell before the bridge loan matures?

Accepted Answer

You'll need to refinance or extend. Plan your exit strategy before you close — lenders will ask about it upfront.

Bridge Loans in Monte Sereno, CA