Question 1

How long do bridge loans last in Dorris?

Accepted Answer

Most bridge loans run 6-12 months with options to extend if your sale takes longer. We structure terms based on realistic Siskiyou County sale timelines.

Question 2

What happens if my property doesn't sell during the bridge loan term?

Accepted Answer

You can request an extension, refinance into a traditional loan, or list at a reduced price. We help you map out backup plans before closing.

Question 3

Can I use a bridge loan for land purchases in Dorris?

Accepted Answer

Bridge loans work when both properties are residential. For land purchases, hard money or land loans make more sense depending on your timeline.

Question 4

Do I make payments on both mortgages during the bridge loan?

Accepted Answer

Most bridge loans defer payments or offer interest-only options. You typically pay off everything when your current property sells.

Question 5

How much can I borrow with a bridge loan?

Accepted Answer

Loan amounts depend on your equity in the current property minus what you owe. Most lenders cap combined loan-to-value around 80%.

Bridge Loans in Dorris: Fast Financing Between Properties