Question 1

How long does a bridge loan last in Vacaville?

Accepted Answer

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

Question 2

Can I use a bridge loan to make a non-contingent offer?

Accepted Answer

Yes. That's the primary reason buyers use them. It removes the sale contingency and makes your offer cleaner.

Question 3

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

Accepted Answer

You'll need to repay or refinance the bridge loan. Have a backup plan before you close on the new purchase.

Question 4

Are bridge loan rates higher than conventional rates?

Accepted Answer

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

Question 5

Do I need to qualify on both mortgages at once?

Accepted Answer

Some lenders require it, others don't. Non-QM bridge programs often use equity and exit strategy instead of full income qualification.

Bridge Loans in Vacaville, CA — Buy Before You Sell