Question 1

How long does a bridge loan last in California?

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 first to qualify?

Accepted Answer

No — that's the point. You use equity from your current home to fund the new purchase before selling.

Question 3

Are bridge loan rates higher than conventional rates?

Accepted Answer

Yes. Bridge loans are short-term and non-QM, so rates run higher. Rates vary by borrower profile and market conditions.

Question 4

Can I use a bridge loan on a rural property in Tuolumne County?

Accepted Answer

Yes. Bridge lenders focus on equity and exit strategy, not property location. Rural properties qualify more easily than with conventional loans.

Question 5

What credit score do I need for a bridge loan?

Accepted Answer

Requirements vary by lender. Non-QM bridge lenders often have more flexibility than conventional lenders on credit scores.

Question 6

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

Accepted Answer

Your exit strategy matters upfront. Lenders review it at approval — some offer extensions, but you need a clear plan from day one.

Bridge Loans in Sonora, CA — Buy Before You Sell