Question 1

How long does a bridge loan last in Rohnert Park?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders extend to 18 months if your property hasn't sold.

Question 2

Do I need to sell my home first to qualify?

Accepted Answer

No. The whole point is buying before you sell. Your existing equity secures the loan.

Question 3

Are bridge loan rates higher than conventional rates?

Accepted Answer

Yes. Bridge loans carry higher rates than conventional financing. Rates vary by borrower profile and market conditions.

Question 4

Can I use a bridge loan to buy in Rohnert Park while selling elsewhere?

Accepted Answer

Yes. The departing property doesn't need to be local. Lenders care about equity and your exit plan.

Question 5

What credit score do I need for a bridge loan?

Accepted Answer

There's no universal minimum — it's non-QM. Equity position and exit strategy carry more weight than credit score alone.

Question 6

How fast can a bridge loan close?

Accepted Answer

Faster than conventional — sometimes 10 to 15 days. Speed depends on the lender and how ready your docs are.

Bridge Loans in Rohnert Park — Buy Before You Sell