Get Approved at The Lowest Rate
Navigating the process of buying a new home in Belmont, 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 Belmont, CA or getting it ready for the market.
Identify the new home you want to buy in Belmont, 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 Belmont, 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 Belmont, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Belmont, 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 Belmont, 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 Belmont, 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 Belmont, 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 Belmont, 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 offer the advantage of providing immediate funds to purchase a new property before selling an existing one, making it ideal for homeowners looking to upgrade without the stress of waiting for their current home to sell. Belmont, located in San Mateo County, California, has a population known for its diverse and vibrant community. The city boasts a strong economy with a median household income higher than the national average, making it an attractive location for homebuyers seeking stability and growth. The housing market in Belmont is competitive with a mix of historic and contemporary homes. The median home value is above the national average, reflecting the desirability of the area. Bridge loans can help buyers navigate this competitive market by providing the flexibility needed to secure a new property while waiting to sell their current home.
Benefits of Bridge Loans in Belmont, California
