Question 1

How long does a bridge loan last in Petaluma?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders extend to 24 months depending on the deal.

Question 2

Do I need to sell my home before applying?

Accepted Answer

No. The bridge loan is designed for that overlap period. You close on the new home first, then sell.

Question 3

What credit score do I need for a bridge loan?

Accepted Answer

There's no universal minimum — it's Non-QM. Lenders focus more on equity and your exit strategy.

Question 4

Are bridge loan rates higher than conventional rates?

Accepted Answer

Yes, significantly. These are short-term private loans. Rates vary by borrower profile and market conditions.

Question 5

Can I use a bridge loan for an investment property in Petaluma?

Accepted Answer

Yes. Investors use bridge loans frequently — especially when timing a 1031 exchange or a fast acquisition.

Question 6

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

Accepted Answer

You'll need to refinance or pay off the bridge. This is why lenders push hard on your exit strategy upfront.

Bridge Loans in Petaluma, CA — Buy Before You Sell