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Navigating the process of buying a new home in Discovery Bay, 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 Discovery Bay, CA or getting it ready for the market.
Identify the new home you want to buy in Discovery Bay, 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 Discovery Bay, 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 Discovery Bay, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Discovery Bay, 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 Discovery Bay, 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 Discovery Bay, 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 Discovery Bay, 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 Discovery Bay, 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 Discovery Bay provide a valuable financial solution for homeowners looking to purchase a new home before selling their current one. These loans offer flexibility in terms of timing and can help avoid the stress of coordinating buying and selling simultaneously. Demographics in Discovery Bay showcase a diverse community with a population of around 13,352 residents. The area is known for its family-friendly environment, with a median age of 42 years old. The majority of residents are homeowners, contributing to a stable and well-maintained neighborhood. The housing market in Discovery Bay is characterized by a mix of single-family homes and waterfront properties. The market is competitive, with a median home value of $655,317. Bridge loans can help buyers navigate this market by providing access to funds quickly and efficiently. Main attractions in Discovery Bay include the Discovery Bay Marina, where residents can enjoy boating and water sports. The town also offers a variety of parks, golf courses, and restaurants, making it an ideal location for outdoor enthusiasts and families looking for recreational activities.
Benefits of Bridge Loans in Discovery Bay, California
