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 structure.

Question 2

Do I need to sell my home first to qualify?

Accepted Answer

No. That's the whole point. You qualify based on equity in your current home, not on a completed sale.

Question 3

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

Accepted Answer

Your lender may extend the term or you'll need to refinance. A solid exit plan prevents this scenario.

Question 4

Can I use a bridge loan to buy in Wheatland while selling elsewhere?

Accepted Answer

Yes. The departing property doesn't need to be in Yuba County. The new purchase can be anywhere we're licensed.

Question 5

Are bridge loan rates higher than conventional rates?

Accepted Answer

Yes, significantly. Bridge loans are short-term and carry more risk. Rates vary by borrower profile and market conditions.

Question 6

Is a bridge loan the same as a hard money loan?

Accepted Answer

They're similar but not identical. Bridge loans typically have lower rates and are tied to a specific property transition.

Bridge Loans in Wheatland, CA — Buy Before You Sell