Question 1

How quickly can I close with a bridge loan in Fillmore?

Accepted Answer

Most bridge lenders close in 7-14 days once they verify equity in your current property. Speed depends on clean title and appraisal turnaround.

Question 2

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

Accepted Answer

You can usually extend 3-6 months for a fee, or refinance the bridge loan into longer-term financing. Have this exit strategy ready before you start.

Question 3

Can I get a bridge loan with a tenant in my current property?

Accepted Answer

Yes, but lenders will scrutinize the lease terms and sale timeline. Occupied properties typically take longer to sell in Fillmore's market.

Question 4

Do I need income verification for a Fillmore bridge loan?

Accepted Answer

Most lenders verify you can handle both payments, but some asset-based programs exist. Expect stricter terms without income docs.

Question 5

What's the typical interest rate on bridge loans as of February 2026?

Accepted Answer

Rates vary by borrower profile and market conditions. Expect 2-4 points above conventional rates for the speed and flexibility.

Bridge Loans in Fillmore: Fast Financing Between Properties