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Navigating the process of buying a new home in Davis, 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 Davis, CA or getting it ready for the market.
Identify the new home you want to buy in Davis, 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 Davis, 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 Davis, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Davis, 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 Davis, 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 Davis, 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 Davis, 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 Davis, 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 Davis, California offer a short-term financing solution that helps bridge the gap between the purchase of a new property and the sale of an existing one. This flexibility allows homeowners to move quickly without being tied down by the sale of their current home. Davis is a vibrant city known for its strong sense of community and excellent schools. The population consists of a diverse mix of students, professionals, and families, contributing to a dynamic and inclusive atmosphere. The housing market in Davis, California is competitive, with a mix of historic homes and modern developments. Home prices have seen a steady increase over the years, making it a lucrative market for both buyers and sellers. Some of the main attractions in Davis include the UC Davis Arboretum, the Davis Farmers Market, and the Explorit Science Center. These attractions offer residents and visitors opportunities for outdoor recreation, fresh produce, and interactive learning experiences.
Benefits of Bridge Loans in Davis, California
