Question 1

How long does a bridge loan last in Farmersville?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders extend to 24 months if your exit strategy supports it.

Question 2

Do I need to sell my home before applying?

Accepted Answer

No. The whole point is to buy first. Your current home serves as collateral while it's listed.

Question 3

Are bridge loan rates higher than conventional rates?

Accepted Answer

Yes. Bridge loans carry more risk, so rates run higher. Rates vary by borrower profile and market conditions.

Question 4

Can self-employed borrowers in Tulare County qualify?

Accepted Answer

Yes. Bridge loans are non-QM, so lenders focus on equity and assets rather than traditional income docs.

Question 5

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

Accepted Answer

Talk to your lender upfront about extension options. Some allow extensions — others may require refinancing into a new short-term product.

Question 6

How much equity do I need to qualify?

Accepted Answer

Most lenders require 20–30% equity in your current home. The more equity you have, the stronger your application.

Bridge Loans in Farmersville, CA — Buy Before You Sell