Get Approved at The Lowest Rate
Navigating the process of buying a new home in Alameda, CA while selling your current one can be challenging. Horizon Lending Services' Bridge Loan program provides an ideal solution for a smooth transition, especially in today's competitive market where contingency offers are frequently not accepted.
Start by listing your current home for sale in Alameda, CA or getting it ready for the market.
Identify the new home you want to buy in Alameda, CA, make an offer, and reach an agreement with the seller. You can then proceed with the purchase using our bridge loan.
Our bridge loan program in Alameda, CA often does not require a down payment, freeing you from the need to come up with additional funds.
After your current home sells, we use the profits in Alameda, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Alameda, CA. You can choose to roll in all closing costs during this process, potentially requiring no money at the closing table.
Many of our bridge loans in Alameda, CA do not require a down payment, making it easier for you to transition to your new home.
You don’t need to qualify for both mortgage payments simultaneously.
Bridge loan payments in Alameda, CA may be deferred, meaning no payments are due while you are using the bridge loan.
You can pay off the bridge loan early without any penalties.
Our bridge loan in Alameda, CA provides the financial flexibility and convenience you need to buy a new home without waiting for your current home to sell, avoiding the hassle of managing two mortgages or making contingent offers. We handle the details, ensuring a seamless transition from your bridge loan in Alameda, CA to permanent mortgage financing, making the process as smooth as possible for you.
Ready to make your move? Contact us today to get started!
Bridge loans provide a quick and flexible financing option for homeowners in Alameda, California who are looking to purchase a new home before selling their current one. This allows for a seamless transition without the need to rely on the sale of the existing property. Demographics: Alameda is a diverse city with a population of approximately 80,000 residents. The city boasts a mix of cultures, with a strong sense of community and history. The residents of Alameda enjoy a high quality of life with access to good schools, parks, and recreational facilities. Housing Market: Alameda's housing market is competitive with a median home price of $1.1 million. Bridge loans can help buyers secure their new home quickly in this fast-paced market. The city offers a range of housing options including historic Victorian homes, waterfront properties, and modern condos. Main Attractions: Alameda is known for its beautiful beaches, vibrant downtown area with shops and restaurants, and historic sites such as the USS Hornet Museum. Residents and visitors can enjoy outdoor activities like sailing, biking, and exploring the city's numerous parks and green spaces.
Benefits of Bridge Loans in Alameda, California
