Question 1

How long does a bridge loan last in Saratoga?

Accepted Answer

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

Question 2

Can I get a bridge loan if I haven't listed yet?

Accepted Answer

Yes, but lenders want a realistic plan. Expect to list within 30–60 days of closing on the new property.

Question 3

What credit score do I need for a bridge loan?

Accepted Answer

Most bridge lenders want 680 or above. Strong equity can offset minor credit blemishes, depending on the lender.

Question 4

Do I carry two mortgage payments during the bridge?

Accepted Answer

Often yes, but some bridge structures cover the old payment from the loan proceeds. It depends on the program.

Question 5

Are bridge loan rates higher than conventional rates?

Accepted Answer

Yes. Bridge loans are short-term and non-QM, so rates run higher. Rates vary by borrower profile and market conditions.

Question 6

How is a bridge loan different from a HELOC?

Accepted Answer

A HELOC takes weeks and requires the home to stay unlisted. Bridge loans are built for active sales — HELOCs aren't.

Bridge Loans in Saratoga, CA — Buy Before You Sell