Get Approved at The Lowest Rate
Navigating the process of buying a new home in Daly City, 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 Daly City, CA or getting it ready for the market.
Identify the new home you want to buy in Daly City, 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 Daly City, 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 Daly City, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Daly City, 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 Daly City, 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 Daly City, 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 Daly City, 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 Daly City, 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 Daly City, California offer several benefits for homeowners and buyers. These short-term loans bridge the gap between the purchase of a new home and the sale of the current one. They provide quick access to funds for down payments, allowing individuals to secure their dream homes without waiting for their existing properties to sell. Daly City, California, boasts a diverse population with a mix of different ethnicities and cultures. It is a vibrant community located just south of San Francisco, offering a rich tapestry of people and experiences. The city has a strong sense of community pride and a welcoming atmosphere for residents and visitors alike. The housing market in Daly City is competitive, with a mix of detached homes, townhouses, and condos available for purchase. The median home value in Daly City is higher than the national average, making bridge loans a valuable tool for those looking to buy in this area. The market is dynamic and responsive to changing economic conditions, providing opportunities for both buyers and sellers. Main attractions in Daly City include the stunning views from Thornton Beach State Park, the cultural experiences at the Cow Palace, and the shopping and dining options at the Serramonte Center. Whether you enjoy outdoor activities, entertainment, or shopping, Daly City has something for everyone to enjoy.
Bridge Loans in Daly City, California
