Question 1

How long does a bridge loan last in California?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders offer extensions if your home hasn't sold.

Question 2

Do I need good credit for a bridge loan?

Accepted Answer

Credit matters less than equity. Lenders focus on your departing home's value and your exit strategy.

Question 3

Can I get a bridge loan in Rio Vista specifically?

Accepted Answer

Yes. Rio Vista qualifies as a standard California property location. Lender appetite depends on your equity and loan size.

Question 4

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

Accepted Answer

Talk to your lender early about extensions. Some charge a fee; others require a full payoff. Plan your exit before you close.

Question 5

Are bridge loan rates higher than conventional rates?

Accepted Answer

Yes, typically. Bridge loans are short-term and non-QM. Rates vary by borrower profile and market conditions.

Question 6

Can I use a bridge loan to buy an investment property?

Accepted Answer

Yes. Bridge loans work for both primary residences and investment purchases. Investor loan programs may also apply.

Bridge Loans in Rio Vista, CA — Buy Before You Sell