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Navigating the process of buying a new home in Hercules, 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 Hercules, CA or getting it ready for the market.
Identify the new home you want to buy in Hercules, 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 Hercules, 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 Hercules, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Hercules, 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 Hercules, 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 Hercules, 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 Hercules, 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 Hercules, 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!
A bridge loan in Hercules, California can provide immediate funds for purchasing a new home before selling your current one, avoiding the need for a contingent offer. Demographically, Hercules is a diverse and vibrant community in the San Francisco Bay Area, with a population of around 25,000 residents. The city offers a mix of urban amenities and natural beauty, attracting residents of various backgrounds. In terms of the housing market, Hercules has seen steady growth in property values over the past few years, making it an attractive location for real estate investments. The availability of bridge loans can offer flexibility to buyers and help them take advantage of market opportunities. Main attractions in Hercules include the scenic Refugio Valley Park, the historic Hercules Powder Works site, and the San Pablo Bay Trail, providing residents with opportunities for outdoor recreation and leisure activities.
Benefits of Bridge Loans in Hercules, California
