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Navigating the process of buying a new home in Berkeley, 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 Berkeley, CA or getting it ready for the market.
Identify the new home you want to buy in Berkeley, 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 Berkeley, 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 Berkeley, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Berkeley, 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 Berkeley, 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 Berkeley, 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 Berkeley, 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 Berkeley, 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 Berkeley, California offer a flexible and convenient financing option for those who are looking to purchase a new home before selling their existing one. These loans help bridge the gap in timing, providing quick access to funds for a down payment on a new property. Demographics: Berkeley, California is a vibrant city known for its diverse population. Home to a mix of students, professionals, and families, Berkeley enjoys a rich cultural tapestry with a strong emphasis on academic excellence and artistic expression. Housing Market: The housing market in Berkeley is competitive, with a strong demand for properties in desirable neighborhoods. Bridge loans can give buyers a competitive edge by allowing them to make strong offers without being contingent on the sale of their current home. Main Attractions: Berkeley is home to the renowned University of California, Berkeley, which attracts students and scholars from around the world. The city also boasts a lively arts scene, beautiful parks, and a thriving culinary landscape, making it a desirable place to live and visit.
Benefits of Bridge Loans in Berkeley, California
