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 exit strategy supports it.

Question 2

Do I need to sell my home before applying?

Accepted Answer

No — that's the point. You apply with your current home as collateral and sell it after you close on the new one.

Question 3

Are bridge loan rates higher than conventional rates?

Accepted Answer

Yes. Bridge loans carry higher rates than conventional mortgages. Rates vary by borrower profile and market conditions.

Question 4

Can I use a bridge loan on agricultural property in Watsonville?

Accepted Answer

Sometimes. Ag-zoned properties require specialized lenders. Not every bridge lender will approve mixed-use or ag collateral.

Question 5

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

Accepted Answer

You'll keep paying interest on the bridge loan. Talk to your broker about extension options before you close.

Question 6

Is a bridge loan the same as hard money?

Accepted Answer

They're similar but not identical. Bridge loans typically have more structure; hard money is faster and looser on terms.

Bridge Loans in Watsonville, CA — Buy Before You Sell