Get Approved at The Lowest Rate
Navigating the process of buying a new home in El Granada, 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 Granada, CA or getting it ready for the market.
Identify the new home you want to buy in El Granada, 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 Granada, 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 Granada, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in El Granada, 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 Granada, 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 Granada, 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 Granada, 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 Granada, 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 flexible financing option for residents of El Granada, California. These short-term loans can help bridge the gap between the purchase of a new home and the sale of an existing one. They provide quick access to funds, allowing individuals to secure their new property without having to wait for their old home to sell. Demographically, El Granada is a picturesque coastal town located in San Mateo County. With a population of approximately 5,467 residents, the community is known for its stunning ocean views, mild climate, and close-knit atmosphere. The town attracts a mix of families, young professionals and retirees looking for a peaceful seaside lifestyle. In terms of the housing market, El Granada offers a diverse range of properties, from charming beach cottages to modern waterfront estates. The market is competitive, with a median home value of $1.2 million. Bridge loans can provide buyers with a competitive edge in this market, enabling them to secure desirable properties quickly and efficiently. Some of the main attractions in El Granada include the Pillar Point Harbor, a bustling marina with seafood restaurants and shops, as well as the scenic Quarry Park with hiking trails and picnic areas. The town's proximity to Half Moon Bay and its annual Pumpkin Festival further add to its appeal as a desirable place to live.
The Benefits of Bridge Loans in El Granada, California
