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Navigating the process of buying a new home in Lafayette, 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 Lafayette, CA or getting it ready for the market.
Identify the new home you want to buy in Lafayette, 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 Lafayette, 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 Lafayette, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Lafayette, 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 Lafayette, 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 Lafayette, 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 Lafayette, 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 Lafayette, 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 Lafayette, California offer immediate financial assistance to purchase a new home before the current one is sold. This can help avoid the stress of timing the sale perfectly and enables homeowners to secure their dream home without delays. Demographically, Lafayette boasts a high median household income, reflecting its affluent community. The city attracts families looking for top-notch schools and a safe environment. Lafayette is known for its well-educated population and strong community spirit. The housing market in Lafayette is competitive but stable, with a mix of modern homes and charming older properties. The demand for real estate remains high due to the city's desirable location near San Francisco and its reputation for scenic beauty. Main attractions in Lafayette include the Lafayette Reservoir, offering outdoor activities like hiking and fishing, and the Lafayette Art & Wine Festival, a popular event showcasing local artists and wineries. The city's vibrant downtown area features boutiques, restaurants, and cultural venues.
Benefits of Bridge Loans in Lafayette, California
