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Navigating the process of buying a new home in Concord, 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 Concord, CA or getting it ready for the market.
Identify the new home you want to buy in Concord, 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 Concord, 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 Concord, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Concord, 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 Concord, 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 Concord, 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 Concord, 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 Concord, 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!
Benefits of Bridge Loans: Bridge loans offer a short-term financing solution for homebuyers in Concord, California, allowing them to bridge the gap between buying a new home and selling their existing one. This flexibility can help secure a new property quickly without having to wait for an existing home to sell. Demographics: Concord, California, has a diverse population with a mix of families, young professionals, and retirees. The median household income is above the national average, making it an attractive location for homeowners seeking a higher standard of living. Housing Market: The housing market in Concord is competitive, with a steady demand for housing due to its proximity to San Francisco and other major employment centers. The market offers a mix of single-family homes, townhouses, and apartments, catering to a diverse range of buyers. Main Attractions: Concord boasts a range of attractions, including the Todos Santos Plaza, a vibrant downtown area with shops and restaurants, and the nearby Mount Diablo State Park, offering hiking and outdoor recreational opportunities for residents and visitors alike.
Bridge Loans in Concord, California
