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Navigating the process of buying a new home in Cotati, 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 Cotati, CA or getting it ready for the market.
Identify the new home you want to buy in Cotati, 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 Cotati, 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 Cotati, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Cotati, 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 Cotati, 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 Cotati, 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 Cotati, 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 Cotati, 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 Cotati, California offer various benefits to homeowners in need of short-term financing. These loans provide quick access to funds, allowing homeowners to bridge the gap between the purchase of a new home and the sale of their current one. This flexibility can be crucial in a competitive real estate market, where timing is key. Demographically, Cotati is a diverse and vibrant community located in Sonoma County. With a mix of young professionals, families, and retirees, the city offers a welcoming and inclusive atmosphere. The population is around 7,500 residents, and the median household income is above the state average, making it an attractive location for those looking to settle in a thriving community. In terms of the housing market, Cotati boasts a stable and growing real estate environment. The market offers a range of housing options, from historic homes to modern developments. Property values have been appreciating steadily, making it a sound investment for prospective buyers. Bridge loans can help homeowners take advantage of these favorable market conditions. When not focusing on real estate, residents and visitors in Cotati can enjoy a variety of attractions. The city is known for its charming downtown area, filled with local shops, restaurants, and cultural events. Cotati is also home to parks, hiking trails, and vineyards, providing ample opportunities for outdoor recreation and relaxation.
Benefits of Bridge Loans in Cotati, California
