Question 1

How long does a bridge loan last in Oxnard?

Accepted Answer

Most bridge loans run 6 to 12 months. That's usually enough time to sell your existing home and pay off the bridge.

Question 2

Do I need to sell my home first to qualify?

Accepted Answer

No. That's the point. You qualify based on equity in your current home, not on the sale being complete.

Question 3

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

Accepted Answer

This is the real risk. Some lenders offer extensions, but plan your exit strategy conservatively before you borrow.

Question 4

Can I use a bridge loan for investment property in Oxnard?

Accepted Answer

Yes. Bridge loans work for owner-occupied and investment deals. The underwriting lens shifts, but the structure is the same.

Question 5

Are bridge loan rates higher than conventional rates?

Accepted Answer

Yes, always. These are short-term specialty products. Rates vary by borrower profile and market conditions.

Question 6

Can I remove a sale contingency using a bridge loan?

Accepted Answer

That's exactly what most Oxnard borrowers use them for. No contingency means a stronger offer in a competitive situation.

Bridge Loans in Oxnard, CA — Buy Before You Sell