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Navigating the process of buying a new home in Bayside, 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 Bayside, CA or getting it ready for the market.
Identify the new home you want to buy in Bayside, 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 Bayside, 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 Bayside, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Bayside, 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 Bayside, 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 Bayside, 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 Bayside, 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 Bayside, 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!
The benefits of bridge loans in Bayside, California are multifaceted. Bridge loans provide a quick and flexible financing option for homeowners looking to buy a new property before selling their current one. This can prevent them from missing out on their dream home due to lack of immediate funds while awaiting the sale of their existing property. Demographically, Bayside, California is known for its diverse population, including a mix of young professionals, families, and retirees. The area boasts a strong sense of community, with various cultural events and recreational activities that cater to residents of all ages. The housing market in Bayside, California is robust, characterized by steady appreciation rates and a high demand for properties. Bridge loans can be particularly beneficial in such a competitive market, allowing buyers to make strong offers and secure desirable homes quickly. Some main attractions in Bayside, California include its picturesque beaches, hiking trails, and vibrant downtown area featuring local shops and restaurants. The community prides itself on its natural beauty and outdoor recreational opportunities, making it an attractive place to live for nature enthusiasts and outdoor lovers.
Bridge Loans Benefits in Bayside, California
