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Navigating the process of buying a new home in Coyote, 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 Coyote, CA or getting it ready for the market.
Identify the new home you want to buy in Coyote, 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 Coyote, 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 Coyote, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Coyote, 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 Coyote, 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 Coyote, 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 Coyote, 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 Coyote, 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 offer a vital financial solution to homebuyers in Coyote, California, by providing short-term financing to bridge the gap between the purchase of a new property and the sale of an existing one. This option allows buyers to secure their dream home without being burdened by the stress of a home sale contingency. Coyote, California, is a small yet diverse community in San Jose. With a population of around 8,000 residents, it offers a unique blend of urban and rural living. The area is known for its excellent school district, low crime rates, and close-knit community feel, making it an ideal place for families and individuals alike. The housing market in Coyote is dynamic and competitive. With a median home value of $1.2 million, the market caters to a range of budgets and preferences. Bridge loans provide buyers with the flexibility and financial leverage needed to secure properties in this competitive market, ensuring they don't miss out on great opportunities. Some of Coyote's main attractions include the picturesque Coyote Creek Trail, which offers stunning views of nature and is perfect for outdoor enthusiasts. Additionally, the area is in close proximity to Silicon Valley, providing residents with access to world-class dining, shopping, and entertainment options.
Benefits of Bridge Loans in Coyote, California
