Question 1

How long does a bridge loan last in California?

Accepted Answer

Most bridge loans run 6 to 12 months. Some lenders offer extensions if your departing home hasn't sold.

Question 2

Do I have to make payments on a bridge loan?

Accepted Answer

Many bridge loans allow interest reserves — the interest is built into the loan balance upfront. You may owe nothing monthly.

Question 3

What credit score do I need for a bridge loan?

Accepted Answer

Requirements vary by lender. Most private and portfolio lenders care more about equity and exit strategy than your credit score.

Question 4

Can I use a bridge loan on a San Buenaventura condo?

Accepted Answer

It depends on the lender. Condos with litigation history or high investor concentration can be harder to pledge as collateral.

Question 5

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

Accepted Answer

You'll need a backup plan — either extend the bridge or refinance into a longer-term product. Have this conversation upfront.

Question 6

How fast can a bridge loan close?

Accepted Answer

Faster than conventional — often 10 to 15 business days. Speed depends on how quickly title and appraisal get scheduled.

Bridge Loans in San Buenaventura: Buy Before You Sell