Question 1

What happens if my home doesn't sell before the bridge loan expires?

Accepted Answer

Most lenders offer 6-month extensions for a fee—usually 1-2 points. Some require you to refinance into a conventional loan if the home hasn't sold within 12 months.

Question 2

Can I get a bridge loan if I haven't listed my current home yet?

Accepted Answer

Yes, but expect stricter terms. Lenders want to see you're serious about selling—a listing agreement and realistic price help approval odds significantly.

Question 3

Do I make monthly payments on a bridge loan?

Accepted Answer

Depends on the structure. Some require interest-only payments, others defer all payments until you sell. Deferred payment options cost more in total interest.

Question 4

How much equity do I need in my current West Sacramento home?

Accepted Answer

Most lenders want 25% equity minimum after accounting for the bridge loan. If you owe $400k on a $600k home, you have $200k equity—enough for most programs.

Question 5

Can bridge loans work for investment properties in Yolo County?

Accepted Answer

Yes. Investors use bridge loans to acquire properties quickly while refinancing or selling other assets. Expect slightly higher rates for non-owner-occupied deals.

Bridge Loans in West Sacramento: Fast Capital Between Properties