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Navigating the process of buying a new home in Half Moon 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 Half Moon Bay, CA or getting it ready for the market.
Identify the new home you want to buy in Half Moon 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 Half Moon 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 Half Moon Bay, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Half Moon 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 Half Moon 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 Half Moon 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 Half Moon 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 Half Moon 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!
Benefits of Bridge Loans: Bridge loans offer a short-term financing solution to bridge the gap between the purchase of a new property and the sale of an existing one. In the competitive real estate market of Half Moon Bay, they provide the flexibility and speed needed to secure a new home without waiting for the old one to sell. Demographics: Half Moon Bay has a diverse population with a mix of families, young professionals, and retirees. The town has a strong sense of community and a high quality of life, making it an attractive place to live for people of all ages. Housing Market: The housing market in Half Moon Bay is robust, with a mix of single-family homes, condos, and luxury properties. The market is competitive, with high demand and limited inventory, making bridge loans a valuable tool for buyers looking to move quickly. Main Attractions: Half Moon Bay is known for its beautiful beaches, coastal trails, and charming downtown area. The town hosts annual events such as the Pumpkin Festival and offers a variety of outdoor activities like surfing, hiking, and golfing.
Bridge Loans in Half Moon Bay, California
