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, but expect a fee and a tighter rate if you need more time.

Question 2

Do I need to sell my home first to qualify?

Accepted Answer

No — that's the point. You close on the new property first, then sell your existing home to pay off the bridge.

Question 3

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

Accepted Answer

Your lender will want a clear exit plan upfront. If the home doesn't sell, you may need to refinance into a longer-term product.

Question 4

Are bridge loans interest-only?

Accepted Answer

Most are. You pay only interest during the loan term, which keeps monthly payments manageable while you're carrying two properties.

Question 5

Can I use a bridge loan for a Sonoma County investment property?

Accepted Answer

Yes. Bridge loans work for both primary residences and investment properties. Investor deals may require higher equity and stronger credit.

Question 6

How fast can a bridge loan close?

Accepted Answer

Faster than a conventional loan — often 10 to 15 business days with the right lender. Having your docs ready upfront makes the biggest difference.

Bridge Loans in Cloverdale, CA — Buy Before You Sell