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Navigating the process of buying a new home in Benicia, 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 Benicia, CA or getting it ready for the market.
Identify the new home you want to buy in Benicia, 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 Benicia, 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 Benicia, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Benicia, 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 Benicia, 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 Benicia, 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 Benicia, 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 Benicia, 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 Benicia, California offer numerous benefits to homeowners and buyers. They provide short-term financing that can bridge the gap between the purchase of a new home and the sale of an old one, allowing for a smoother transition without the pressure of timing the two transactions perfectly. Demographically, Benicia is a charming waterfront town in Solano County with a population of around 28,196 residents. It has a mix of young professionals, families, and retirees, creating a diverse and vibrant community. The housing market in Benicia is competitive, with a median home value of $583,006. The market is considered stable, offering a mix of historic homes, new developments, and waterfront properties, making it an attractive location for buyers and investors alike. Main attractions in Benicia include the Benicia State Recreation Area, Benicia Arsenal, and the Benicia Capitol State Historic Park. These attractions offer a mix of outdoor activities, historical sites, and cultural experiences for residents and visitors to enjoy.
Exploring the Benefits of Bridge Loans in Benicia, California
