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Navigating the process of buying a new home in Gilroy, 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 Gilroy, CA or getting it ready for the market.
Identify the new home you want to buy in Gilroy, 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 Gilroy, 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 Gilroy, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Gilroy, 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 Gilroy, 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 Gilroy, 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 Gilroy, 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 Gilroy, 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!
Benefits of Bridge Loans: Bridge loans provide quick access to funds, enabling homebuyers to secure a new property before selling their current one. This can prevent missed opportunities and reduce the stress of buying a new home. Demographics: Gilroy, California, has a diverse population with a mix of cultures. The city has a growing economy with opportunities in agriculture, retail, and tourism. It offers a suburban feel with good schools, making it an attractive place for families. Housing Market: Gilroy's housing market is competitive, with a mix of traditional single-family homes and modern developments. The median home price is above the national average, making bridge loans a valuable tool for buyers looking to move quickly. Main Attractions: Gilroy is famous for its annual Garlic Festival, attracting visitors from far and wide. The city also boasts beautiful parks, wineries, and outdoor recreational activities, making it a desirable place to live and visit.
Bridge Loans in Gilroy, California
