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Navigating the process of buying a new home in Atherton, 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 Atherton, CA or getting it ready for the market.
Identify the new home you want to buy in Atherton, 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 Atherton, 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 Atherton, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Atherton, 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 Atherton, 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 Atherton, 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 Atherton, 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 Atherton, 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 in Atherton, California offer a valuable financial tool for homeowners looking to transition smoothly between properties. These loans provide the flexibility needed to secure a new home before selling the current one. By bridging the gap between transactions, homeowners can avoid the stress of timing constraints and potentially secure better deals. Demographics: Atherton, California, is a prestigious residential community known for its affluent population and luxury real estate. The town is home to many high-net-worth individuals, with a median household income well above the national average. Atherton boasts a low crime rate and top-rated schools, making it an attractive location for families. Housing Market: The housing market in Atherton is characterized by high property values and limited inventory. The demand for luxury homes in the area remains strong, driving prices up and creating a competitive market. Bridge loans can give buyers a competitive edge by allowing them to make strong offers without contingencies. Main Attractions: Atherton offers a serene and picturesque environment, with tree-lined streets and spacious estates. Residents can enjoy proximity to Silicon Valley while relishing the tranquility of suburban living. Nearby attractions include Holbrook-Palmer Park and Menlo Circus Club, providing recreational opportunities for residents of all ages.
Benefits of Bridge Loans in Atherton, California
