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Navigating the process of buying a new home in Livermore, 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 Livermore, CA or getting it ready for the market.
Identify the new home you want to buy in Livermore, 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 Livermore, 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 Livermore, CA to pay down the bridge loan balance, including any accrued interest.
Finally, we help you refinance into a traditional permanent mortgage in Livermore, 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 Livermore, 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 Livermore, 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 Livermore, 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 Livermore, 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 Livermore, California offer a valuable financial solution for homebuyers. These short-term loans provide the necessary funds to purchase a new home before selling an existing one. This allows buyers to move quickly and secure their dream home without having to wait for their current property to sell. Demographically, Livermore boasts a diverse population of approximately 90,000 residents. The city's residents enjoy a high quality of life with access to top-rated schools, numerous parks, and a vibrant downtown area filled with shops and restaurants. Livermore's strong sense of community makes it an ideal place to call home. The housing market in Livermore is thriving, with a mix of historic homes and modern developments. The median home value in Livermore is around $900,000, making it an attractive option for both first-time buyers and those looking to upgrade. With the help of bridge loans, buyers can take advantage of the competitive market and secure their ideal home. Some of Livermore's main attractions include the renowned Livermore Valley Wine Country, where visitors can sample award-winning wines at numerous vineyards. Additionally, the city is home to the beautiful Del Valle Regional Park, offering hiking, fishing, and camping opportunities for outdoor enthusiasts. Livermore's vibrant arts scene and cultural events provide entertainment for residents of all ages.
The Benefits of Bridge Loans in Livermore, California
