Question 1

How long do bridge loans last in Tulare?

Accepted Answer

Most run 6-12 months. Lenders expect your current property to sell within that window or you'll refinance the bridge into permanent financing.

Question 2

Can I bridge from a farm property to residential?

Accepted Answer

Yes, but lenders price agricultural collateral differently. Expect higher rates and lower advance amounts on farm parcels than residential properties.

Question 3

What happens if my old house doesn't sell?

Accepted Answer

You'll need to refinance the bridge into a long-term loan or extend the bridge term at higher cost. Plan your exit before you start.

Question 4

Do bridge loans require appraisals on both properties?

Accepted Answer

Yes. Lenders appraise what you're buying and what you're using as collateral to establish total loan-to-value across both assets.

Question 5

Are bridge loan rates fixed or variable in Tulare?

Accepted Answer

Most are fixed for the short term. Variable rates exist but make less sense when you're only borrowing for 6-12 months.

Bridge Loans in Tulare: Move Fast Without Selling First