Get Approved at The Lowest Rate
Navigating the process of buying a new home in El Cerrito, 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 El Cerrito, CA or getting it ready for the market.
Identify the new home you want to buy in El Cerrito, 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 El Cerrito, 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 El Cerrito, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in El Cerrito, 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 El Cerrito, 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 El Cerrito, 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 El Cerrito, 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 El Cerrito, 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 El Cerrito, California offer a convenient financing solution for homeowners looking to purchase a new home before selling their current one. These short-term loans provide quick access to capital, enabling individuals to bridge the financial gap between transactions. El Cerrito, California, known for its diverse population, boasts a vibrant community with a mix of young professionals, families, and retirees. The city's demographic makeup contributes to a rich cultural tapestry and a welcoming atmosphere for residents and visitors alike. The housing market in El Cerrito, California, presents a mix of single-family homes, townhouses, and apartments, catering to various housing needs. With a competitive real estate landscape, bridge loans provide flexibility for buyers, allowing them to secure new properties swiftly. Some of El Cerrito's main attractions include the El Cerrito Plaza, a popular shopping destination, and the scenic El Cerrito Hillside Natural Area, offering hiking trails and stunning views of the Bay Area. Residents enjoy easy access to urban amenities and outdoor recreational opportunities.
Benefits of Bridge Loans in El Cerrito, California
