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Navigating the process of buying a new home in Burlingame, 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 Burlingame, CA or getting it ready for the market.
Identify the new home you want to buy in Burlingame, 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 Burlingame, 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 Burlingame, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Burlingame, 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 Burlingame, 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 Burlingame, 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 Burlingame, 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 Burlingame, 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 Burlingame, California offer a convenient financing solution for homeowners looking to purchase a new property before selling their existing one. These short-term loans provide quick access to funds, allowing individuals to secure their dream home without the stress of timing the sale of their current property. Demographics: Burlingame, located in San Mateo County, California, is a vibrant city known for its affluent residential communities and picturesque neighborhoods. With a population of around 30,000 residents, Burlingame boasts a diverse population with a mix of professionals, families, and retirees. Housing Market: Burlingame's real estate market is highly competitive, with a strong demand for housing driven by its proximity to Silicon Valley and San Francisco. The median home price in Burlingame is well above the national average, making bridge loans a valuable tool for buyers seeking to quickly secure properties in this desirable region. Main Attractions: Burlingame offers a range of attractions, including the historic Burlingame Avenue lined with shops and restaurants, beautiful parks like Washington Park and Mills Canyon Park, and easy access to scenic coastal areas such as Burlingame Shoreline Park and Coyote Point Recreation Area.
Benefits of Bridge Loans in Burlingame, California
